10月我国外储增至33433亿美元近十年最高 央行连续12个月增持黄金

Core Insights - As of October 2025, China's foreign exchange reserves reached $3.3433 trillion, marking a $4.7 billion increase from September, the highest level since December 2015 [1] - The increase in reserves is attributed to the rise in the US dollar index and overall global financial asset prices, influenced by major economies' monetary policies and macroeconomic data [1] - The US dollar index rose approximately 1.95% in the past month, while major non-USD currencies depreciated against the dollar [1] Group 1: Foreign Exchange Reserves - China's foreign exchange reserves have remained stable above $3.3 trillion for three consecutive months [1] - The increase in reserves is a result of combined effects from exchange rate adjustments and asset price changes [1] - The US Federal Reserve's interest rate decisions and the easing of US-China trade tensions have contributed to the strengthening of the dollar [1] Group 2: Asset Prices and Market Trends - Global stock and bond markets showed overall strength in October, supporting China's foreign exchange reserves [2] - The 10-year US Treasury yield fell by about 5 basis points due to the Fed's rate cuts and increased demand for safe-haven assets [2] - Major stock indices, including the S&P 500 and Nikkei, experienced gains, reflecting high market sentiment [2] Group 3: Gold Reserves - As of October, China's official gold reserves increased to 7.409 million ounces, with a monthly rise of 30,000 ounces, the lowest increase since November 2024 [2] - The People's Bank of China has been gradually increasing gold reserves since March, with monthly additions below 100,000 ounces [2] - The recent trend indicates a potential slowdown in gold purchases by central banks, including China, amid fluctuating gold prices [3] Group 4: Future Outlook - The foreign exchange authority emphasizes the stability of China's economic fundamentals, which are expected to support the stability of foreign exchange reserves [2] - The central bank's strategy to optimize international reserves and promote the internationalization of the renminbi suggests continued interest in gold accumulation [3] - The dual nature of gold as both a financial and commodity asset positions it as a key component in diversifying international reserves [3]