China National Gold (SH:600916) Di Yi Cai Jing·2026-02-05 02:26Core Insights - The Shanghai Gold Exchange is projected to have a total gold trading volume of 31,400 tons in 2025, reflecting a year-on-year increase of 1.02% [1] - The total trading value is expected to reach 24.93 trillion yuan, marking a significant year-on-year increase of 43.89% [1] - The Shanghai Futures Exchange anticipates a total trading volume of gold futures and options of 142,200 tons, which is a 56.10% increase year-on-year [1] - The total trading value for these futures and options is projected to be 88.97 trillion yuan, representing a substantial year-on-year increase of 111.93% [1] - Domestic gold ETFs are expected to see an annual increase in holdings of 133.118 tons in 2025, a remarkable growth of 149.91% compared to 53.266 tons in 2024 [1] - By the end of December 2025, the total holdings of domestic gold ETFs are projected to reach 247.852 tons [1]