值得注意的是，央行在国际金价持续大幅上涨、屡创历史新高过程中持续小幅增持黄金，释放了优化国 际储备的信号。 中经记者 慈玉鹏 北京报道 2026年1月7日，国家外汇管理局统计公布数据显示，截至2025年12月末，黄金储备为7415万盎司，较上 月末增加3万盎司。 《中国经营报》记者采访了解到，2025年12月末官方黄金储备连续第十四个月增加，但增量连续第十个 月处于低位，未来央行增持黄金仍是大方向。 小幅增持 伴随美联储持续降息，全球地缘政治风险居高不下，近期国际金价延续快速上涨势头，2025年12月央行 增持黄金规模继续处于2024年11月恢复增持以来的最低水平。 东方金诚首席宏观分析师王青表示，近期央行继续增持黄金，主要原因是美国新政府上台后，全球政 治、经济形势出现新变化，国际金价有可能在相当长一段时间内易涨难跌。这意味着从控制成本角度出 发暂停增持黄金的必要性下降，而从优化国际储备结构角度增持黄金的必要性上升。 王青表示，截至2025年11月末，在主要由外汇储备和黄金储备构成的官方国际储备中，黄金储备的占比 约为9.5%，明显低于15%左右的全球平均水平。从优化国际储备结构角度出发，未来需要持续增持黄 ...

Group 1 - As of November 2025, China's foreign exchange reserves reached $33,464 billion, an increase of $30 billion from the end of October, marking a 0.09% rise [1] - China's gold reserves stood at 7.412 million ounces at the end of November, with an increase of 30,000 ounces, representing the 13th consecutive month of gold accumulation by the central bank [1] - The increase in foreign exchange reserves is attributed to the impact of macroeconomic data and monetary policy expectations from major economies, leading to a depreciation of the US dollar index and fluctuations in global financial asset prices [1] Group 2 - The stability of China's foreign exchange reserves is fundamentally supported by the country's strong economic foundation, advantages, resilience, and potential [2] - Recent measures by the China Securities Regulatory Commission to optimize the Qualified Foreign Institutional Investor (QFII) system are expected to enhance the attractiveness of China's capital market to foreign investors [2] - Analysts suggest that the current level of foreign exchange reserves is adequately sufficient, providing essential support for maintaining the RMB exchange rate at a reasonable equilibrium amid external volatility [2] Group 3 - The People's Bank of China's continued small-scale accumulation of gold during a period of rising international gold prices signals an intention to optimize international reserves [2] - There is a recommendation for the central bank to continue increasing gold reserves while moderately reducing US Treasury holdings, as gold is widely accepted as a final means of payment [2] - Enhancing gold reserves is seen as a way to strengthen the credibility of the sovereign currency and create favorable conditions for the cautious advancement of RMB internationalization [2]