听说中国要替他们保黄金，美西方急眼了，但没想到中国还有大计划

Core Viewpoint - The article discusses China's strategic moves to position itself as a key player in the global gold market, potentially undermining Western dominance and promoting the internationalization of the Renminbi. Group 1: China's Gold Strategy - China is lobbying friendly countries' central banks to store their gold reserves at the Shanghai Gold Exchange, a move that has been ongoing for several months [3] - The global gold custody, liquidity, and pricing power are gradually shifting from the West to the East, indicating a potential decline in U.S. hegemony [5] - The Shanghai Gold Exchange is establishing a new gold trading ecosystem, which could disrupt the traditional dominance of London and New York in the gold market [6] Group 2: Operational Developments - The "Golden Road" project launched by Shanghai Customs in late 2024 allows domestically forged gold bars to be processed and exported directly to international warehouses, improving efficiency significantly [8] - By June 2025, the Shanghai Gold International version will have established its first overseas collection warehouse in Hong Kong, further enhancing its operational capabilities [10] - The introduction of the "Shanghai Gold" centralized pricing mechanism in March 2025 marks the first time a gold benchmark price is calculated in Renminbi, involving 12 domestic and foreign banks [11] Group 3: Market Impact - The daily trading volume of the Shanghai Gold International version reached 3.67 trillion yuan by October 2024, with bonded gold imports accounting for two-thirds of the national total [13] - Malaysia is emerging as a key player in this gold storage initiative, potentially leading other Southeast Asian countries to follow suit, which could create a gold reserve network centered around China [15][20] - The U.S. government's reaction to these developments has been one of concern, as evidenced by a sudden proposal to impose a 39% tariff on Swiss gold imports, which caused a spike in gold prices [22] Group 4: Broader Economic Implications - The shift towards gold storage in Shanghai is seen as a natural outcome of deepening economic ties between China and Malaysia, particularly as Malaysia seeks to mitigate risks associated with U.S. dollar fluctuations [18] - The increasing preference for "Shanghai Gold" among Asian clients is evident, with a 45% rise in trading volume for the Shanghai Gold International version compared to the previous year, while London gold trading volumes have decreased by 12% [24] - The credibility of the U.S. dollar is being undermined as more countries consider replacing dollar reserves with gold, especially following the freezing of Russian foreign reserves by the U.S. [26]