7月末外储规模小幅下降央行连续9个月增持黄金

Group 1 - As of July 2025, China's foreign exchange reserves stood at $329.22 billion, a decrease of $25.2 billion or 0.76% from the end of June [1] - The decline in reserves was influenced by macroeconomic data, monetary policy, and expectations from major economies, alongside fluctuations in global financial asset prices [1] - The current level of foreign exchange reserves is considered moderately sufficient, providing support for maintaining the RMB exchange rate at a reasonable equilibrium [1] Group 2 - China's central bank has increased its gold reserves to 7.396 million ounces as of the end of July, marking a month-on-month increase of 60,000 ounces, continuing a nine-month trend of gold accumulation [1] - The accumulation of gold is seen as a strategy to enhance the credibility of the sovereign currency and facilitate the cautious advancement of RMB internationalization [2] - Long-term advantages of gold include its role as a hedge against risk, inflation, and its potential for value preservation and appreciation, which supports the central bank's strategy of diversifying international reserves [2]