1月末外储规模环比上升1.23%

Core Viewpoint - As of January 2026, China's foreign exchange reserves reached $339.91 billion, marking an increase of $41.2 billion or 1.23% from December 2025, driven by various economic factors including the decline of the US dollar index and rising global financial asset prices [1][2] Group 1: Foreign Exchange Reserves - China's foreign exchange reserves have increased for six consecutive months, reaching the highest level since December 2015, primarily due to a significant decline in the US dollar index and rising global stock indices [1] - The US dollar index fell by 1.4% to 97.0 in January 2026, reflecting fluctuations influenced by changes in the US economic fundamentals [1] - The current foreign exchange reserves are considered adequately sufficient, providing important support for maintaining the RMB exchange rate at a reasonable equilibrium level amid external volatility [2] Group 2: Gold Reserves - As of January 2026, China's gold reserves stood at 7.419 million ounces, with an increase of 40,000 ounces, marking the 15th consecutive month of gold accumulation by the People's Bank of China [2] - The strategy of diversifying international reserves and dynamically adjusting gold reserves is expected to continue, enhancing the credibility of the sovereign currency and supporting the cautious internationalization of the RMB [2] - The accumulation of gold is viewed as a strategic direction to optimize the structure of international reserves and respond to current international environmental changes [2]