1月末外储规模环比上升1.23% 为连续第六个月增加

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 factors such as changes in major economies' fiscal and monetary policies and a decline in the US dollar index [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, supported by a significant decline in the US dollar index and rising global stock indices [2][3] - The US dollar index has weakened for three consecutive months, dropping 1.4% to 97.0, influenced by changes in the US economic fundamentals [2] - The current foreign exchange reserves are considered adequately sufficient, providing important support for maintaining the RMB exchange rate at a reasonable equilibrium level [2][3] 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 [3] - The strategy of diversifying international reserves and increasing gold holdings is expected to continue, enhancing the credibility of the sovereign currency and supporting the cautious internationalization of the RMB [3]