我国外汇储备规模实现“五连升” 全年保持在3.2万亿美元上方

Core Viewpoint - As of December 2025, China's foreign exchange reserves reached $33,579 billion, marking a continuous increase for five months and remaining above $3.2 trillion throughout the year [1][5]. Group 1: Foreign Exchange Reserves - The foreign exchange reserves increased by $11.5 billion from the end of November, reflecting a growth rate of 0.34% [1]. - The total foreign exchange reserves at the end of 2025 increased by approximately $155.5 billion compared to the end of 2024, representing a growth rate of 4.86% [5]. - Throughout 2025, the reserves were above $3.2 trillion and $3.3 trillion for six months, indicating a stable trend [5]. Group 2: Economic Factors - The increase in reserves is attributed to the impact of monetary policies from major economies, macroeconomic data, and the resulting positive valuation effects [4]. - The depreciation of the US dollar, influenced by the Federal Reserve's interest rate cuts, contributed to the increase in reserves, with the dollar index falling by 1.1% to 98.3 in December [4]. - China's export sector showed significant growth, with a trade surplus exceeding $1 trillion for the first time in history, highlighting the robust support for international balance of payments [5]. Group 3: Gold Reserves - As of December 2025, China's gold reserves increased by 30,000 ounces to 7,415 million ounces, marking the 14th consecutive month of gold accumulation [6]. - The long-term upward trend in gold prices is expected to remain stable, according to analysts [6].