Core Viewpoint - Cambodia is set to become one of the first countries to store gold in China, marking early progress in China's efforts to establish itself as a global gold hub [1] Group 1: Cambodia's Gold Storage Plans - Cambodia plans to store part of its gold reserves in a vault located in Shenzhen's free trade zone, as part of a new agreement with China [1][2] - The agreement involves the storage of newly purchased gold rather than the transfer of existing reserves [2] - The Cambodian National Bank has not commented on the matter, but previously indicated it was considering several locations for gold storage [3] Group 2: Bilateral Trade and Relations - China and Cambodia have a long-standing friendship, with bilateral trade projected to reach $17.834 billion in 2024, a year-on-year increase of 20.3% [3] - In 2024, China's exports to Cambodia are expected to be $15.336 billion, up 20.2%, while imports from Cambodia are projected at $2.498 billion, an increase of 20.7% [3] Group 3: Global Gold Market Trends - Central banks worldwide are increasing their gold reserves in response to rising geopolitical risks, contributing to a historic high in gold prices last month [3] - Since the beginning of this year until the end of October, international gold prices have risen nearly 60% [4] - The World Gold Council reported that global official gold reserves increased by 166 tons in the second quarter of this year, reaching historical highs [4] Group 4: Future Outlook for Gold Reserves - A significant 95% of surveyed central banks expect an increase in global official gold reserves over the next 12 months, with 43% indicating they will also increase their own gold holdings [4]
“柬埔寨将成首批在华储存黄金的国家,还有…”
Guan Cha Zhe Wang·2025-11-07 00:42