中国开始大举购买俄罗斯黄金，为应对美欧制裁，香港成重要中转站

Group 1 - The article discusses China's shift from being a "mysterious buyer" of Russian gold to a more transparent purchasing approach starting in 2025 [1][2] - In June 2025, Russia exported over $1 billion worth of gold to Hong Kong, which is three times the amount from the same period last year, making Russia's gold imports to Hong Kong second only to the UAE and mainland China [1] - In 2023, China set a record for gold purchases from Russia, with the People's Bank of China reportedly buying around 735 tons of gold, although some of this was not publicly disclosed [5] Group 2 - Since 2022, China has been reducing its holdings of U.S. Treasury bonds, which fell below $800 billion by March 2025, while simultaneously seeking more gold as a financial safeguard [6] - Russian gold is sold to China at a discount of $20 to $50 per ounce, making it an attractive option even for arbitrage trading [6] - In 2024, Russia's gold production reached 330 tons, a 5.3% increase year-on-year, positioning Russia as the world's second-largest gold producer [8] Group 3 - The price of gold has increased from approximately $2,000 per ounce in 2022 to around $3,400 per ounce currently, providing significant revenue for Russia from gold exports [8]