Core Viewpoint - China's foreign exchange reserves reached $333.87 billion by the end of September 2025, marking a $16.5 billion increase from August, the highest level since December 2015 [1][3]. Group 1: Foreign Exchange Reserves - As of September 2025, China's foreign exchange reserves increased by $16.5 billion, or 0.5%, compared to the end of August [1][3]. - The rise in reserves is attributed to fluctuations in major economies' macroeconomic data, monetary policies, and overall global financial asset price increases [3]. - The U.S. dollar index remained stable at 97.8, with the market having already priced in the Federal Reserve's interest rate cut, leading to a release of downward pressure on the dollar [3]. Group 2: Gold Reserves - By the end of September, China's official gold reserves stood at 74.06 million ounces (approximately 2,303.523 tons), an increase of 40,000 ounces (about 1.24 tons) from the previous month [4]. - The People's Bank of China has increased its gold reserves for 11 consecutive months, although the recent increase is lower than the previous months' increments of 60,000 to 70,000 ounces [4]. - The short-term outlook for gold prices is positive, with a cumulative increase of over 10% in September, the largest monthly gain in 14 years [4]. Group 3: Economic Outlook - The international trade environment is stabilizing, with ongoing U.S.-China trade negotiations and a reduction in tariff rates for most economies [5]. - China's financial market is gradually opening up, enhancing the attractiveness of its domestic securities market to foreign investors [5]. - The overall economic stability and progress in high-quality development in China are expected to support the stability of foreign exchange reserves [5].

温彬认为，中美贸易谈判稳步推进，国际贸易环境的不确定性有所收敛，叠加中国贸易伙伴多元化、出 口商品结构优化，出口继续发挥稳定跨境资金流动的基本盘作用。中国稳步扩大金融市场开放，拓宽跨 境投融资渠道，人民币多元化资产配置功能凸显，境内证券市场对外资吸引力有望继续增强。中国经济 保持总体平稳、稳中有进，高质量发展取得新成效，有利于外汇储备规模保持基本稳定。(完) （文章来源：中国新闻网） 对于黄金储备，国家金融与发展实验室特聘高级研究员庞溟指出，从短期来看，9月份金价累计涨幅超 10%，最新数据则显示，中国央行继续增持黄金，但9月份增持的规模略低于此前数月的水平，显示出 央行继续在优化储备结构、扩大黄金储备规模和控制增持成本等目标间取得动态平衡，以更好地进行投 资组合流动性管理，规避地缘政治不确定性和市场风险，对冲其他类别金融资产波动性。 中新社北京10月7日电 (记者夏宾)中国国家外汇管理局7日发布数据显示，截至2025年9月末，中国外汇 储备规模为33387亿美元，较8月末上升165亿美元，升幅为0.5%，黄金储备为7406万盎司。按SDR(特别 提款权)计，中国外汇储备为24352.47亿SDR。 中国民生 ...