来源：智通财经 2025年全年，中国黄金储备增加了86万盎司。 1月7日，中国人民银行更新的官方储备资产数据显示，截至2025年末，中国黄金储备为7415万盎司，较 去年11月末增加3万盎司。 2025年12个月，央行每个月均连续出手增持黄金。 具体来说，去年1-12月，中国央行分别增持了16万盎司、16万盎司、9万盎司、7万盎司、6万盎司、7万 盎司、6万盎司、6万盎司、4万盎司、3万盎司、3万盎司和3万盎司黄金。 国家外汇管理局统计数据显示，截至2025年12月末，我国外汇储备规模为33579亿美元，较11月末上升 115亿美元，升幅为0.34%。 中国民生银行首席经济学家温彬表示，2025年12月份，美联储如期降息，叠加俄乌停火前景受挫、美委 冲突升级，伦敦金价格由10月末的4200美元/盎司左右震荡上行至4300美元上方。黄金长期上涨的基本 逻辑依然稳固：一方面，地缘政治冲突和大国博弈加剧进一步削弱了市场对美元信用的信心；另一方 面，在"去美元化"趋势下，各国央行持续通过增持黄金优化外汇储备结构，世界黄金协会数据显示， 2025年10月全球央行净购金53吨，创下年内单月最高水平。 2025年12月，受 ...

Group 1 - The core point of the news is that China has significantly reduced its holdings of U.S. Treasury bonds, with a notable decrease of $25.7 billion in July 2025, bringing its total holdings to $730.7 billion, the lowest level since 2009 [1][2]. - This reduction in U.S. Treasury holdings marks the fourth time China has decreased its investments in U.S. debt since the beginning of 2025, continuing a trend that has persisted for several years [2][3]. - The decline in U.S. Treasury holdings is attributed to various factors, including concerns over U.S. fiscal policies, rising national debt, and the weakening of the U.S. dollar's credibility [3][4]. Group 2 - In contrast to China's reduction, Japan and the UK have increased their holdings of U.S. Treasury bonds, highlighting China's unique position in the current market [3]. - The People's Bank of China has been increasing its gold reserves for ten consecutive months, with the latest figures showing reserves of 7.402 million ounces, indicating a strategic shift towards gold as a hedge against dollar risks [7][8]. - The proportion of gold in China's official international reserves is currently 7.3%, which is significantly lower than the global average of around 15%, suggesting room for further increases in gold holdings [8].