33387亿美元！外汇储备创年内新高，央行连续第11个月增持黄金

Core Viewpoint - China's foreign exchange reserves reached $333.87 billion by the end of September 2025, marking a $16.5 billion increase from August, the highest level since December 2015 [1][3]. Group 1: Foreign Exchange Reserves - As of September 2025, China's foreign exchange reserves increased by $16.5 billion, or 0.5%, compared to the end of August [1][3]. - The rise in reserves is attributed to fluctuations in major economies' macroeconomic data, monetary policies, and overall global financial asset price increases [3]. - The U.S. dollar index remained stable at 97.8, with the market having already priced in the Federal Reserve's interest rate cut, leading to a release of downward pressure on the dollar [3]. Group 2: Gold Reserves - By the end of September, China's official gold reserves stood at 74.06 million ounces (approximately 2,303.523 tons), an increase of 40,000 ounces (about 1.24 tons) from the previous month [4]. - The People's Bank of China has increased its gold reserves for 11 consecutive months, although the recent increase is lower than the previous months' increments of 60,000 to 70,000 ounces [4]. - The short-term outlook for gold prices is positive, with a cumulative increase of over 10% in September, the largest monthly gain in 14 years [4]. Group 3: Economic Outlook - The international trade environment is stabilizing, with ongoing U.S.-China trade negotiations and a reduction in tariff rates for most economies [5]. - China's financial market is gradually opening up, enhancing the attractiveness of its domestic securities market to foreign investors [5]. - The overall economic stability and progress in high-quality development in China are expected to support the stability of foreign exchange reserves [5].