美国财政部最新数据显示，中国在最近一段时间减持了118亿美元的美国国债。中国的美债持仓因此降 到6887亿美元，这是自2008年以来的最低水平。这个动作不只是普通操作，而是一个明确信号。紧接 着，加拿大和开曼群岛也开始跟着抛售，美联储连忙宣布每月回购400亿美元美债，想稳住市场，但恐 慌情绪仍然存在。 还有经济基本面问题。表面上美国经济看起来不错，但很多数据真实性存疑。科技股高估泡沫明显，市 场争议很大。在这种背景下，中国作为理性投资者，减少美债持仓，是为了保护外汇储备和降低风险。 长期来看，中国的减持正在推动全球金融格局变化。如果更多国家跟随减持，美元储备地位将受冲击， 国际货币体系可能走向多极化，降低对美元依赖，有利于全球经济平衡。 根据美国国际资本流动报告，截至2025年10月，海外投资者持有的美债总量已经连续几个月下降。但与 去年同期相比，总量仍上涨6.3%。其中，中国过去一年减持超过9%，持仓跌破7000亿美元。与此同 时，日本和英国却在逆势加仓，日本持仓1.2万亿美元稳居全球第一，英国也在今年4月超过中国升至第 二位。这种反向操作说明，全球资本对美国债务风险有了新的判断。 美国面对中国减持也无太多 ...

王爷说财经讯：4连涨创纪录！ 就在这波潮流里，俄罗斯走出了独有的节奏：截至12月1日，其黄金储备达3107亿美元，一年猛增920亿美元，占国际储备总量的42%，创下1995年以来的 最高比例，全球排名第五位，仅次于美、德、意、法四国。 02、俄的"破局关键"为啥是黄金？ 那么问题来了：为什么俄罗斯要用黄金来破局？ 第一、制裁倒逼的"安全选择"！ 12月8日，俄罗斯黄金储备炸出大新闻——直接冲到3107亿美元，首次突破3000亿大关，还连续第4个月刷新历史纪录！ 这可是全球金融圈的重磅炸弹！要知道现在全球经济乱成一锅粥，西方制裁还没松劲，俄黄金储备为啥能逆势暴涨？这3107亿背后藏着啥深层逻辑？ 01、欧美制裁与俄罗斯购金潮下的逆势突破！ 先搞懂大环境：自2022年俄乌冲突升级，西方一口气冻结了俄罗斯近3000亿欧元的外汇储备，相当于断了俄的部分"金融活路"。 但有意思的是，全球央行都在疯狂囤金。2024年全球央行净购金1136吨，连续三年超1000吨；2025年上半年各国央行又买了415吨，95%的央行都计划继续 增持。 03、未来黄金还能涨多久？俄会怎么走？ 世界黄金协会预测，2026年金价大概率继续涨，要 ...

这篇文章讲的是，特朗普拟换美联储主席引震动，中国连续 13 月增持黄金，美债遭持续减持，全球金融格局生变。 12月的华尔街刚盼来两天安稳日子，特朗普一句话就把天给捅破了。 12月2日的白宫内阁会上，他当着财政部长和经济顾问的面放话：2026年初，新的美联储主席人选就会官宣。 这话刚出白宫大门，金融市场立刻给出反应。据新华网数据，美元指数当天出现0.06%的小幅下跌。 国际金价虽已长期处于高位（12月8日纽约金价已达4207.85美元/盎司），但受消息刺激，12月2日纽约商品交易所黄金期价出现短期波动，最终以4220.8美 元收盘，较前一日下跌1.26%，主要是部分投资者借机获利了结。 别骂市场太敏感，实在是这事儿太要命，圈内早就传开了，特朗普心里的第一人选，是白宫国家经济委员会主任凯文·哈塞特，他的铁杆亲信。 要是这位"自己人"真坐上美联储主席的位置，那号称"全球央行"的美联储，可能就再也硬不起来了。 哈塞特这人，不是美联储体系里熬出来的老油条，而是跟着特朗普打了四年经济仗的"自己人"。 美联储能撑这么多年，靠的就是"独立性"三个字，不用看白宫脸色，只盯着2%的通胀目标和就业数据，这样美元才有信用。 可哈塞特 ...

Core Insights - China has significantly reduced its holdings of US Treasury bonds, now standing at over $730 billion, down from a peak of $1.3 trillion, indicating a strategic shift in response to global financial dynamics [3] - The reduction in US debt holdings is part of a cautious, phased approach, with China simultaneously increasing its gold reserves, reflecting a broader trend among central banks globally [3][6] - The rising US national debt, currently at $37 trillion, and the associated fiscal pressures have led to diminishing confidence in the dollar, prompting a diversification of assets among international investors [5] Group 1: China's Strategy - China is strategically reducing its reliance on US Treasury bonds while increasing gold reserves, which enhances its financial security and reduces vulnerability to potential financial risks [8][10] - The shift towards gold is not isolated to China; global central banks have collectively purchased over 1,000 tons of gold since 2022, indicating a significant trend away from dollar dependency [6] - This adjustment in asset allocation is aimed at maintaining stability in the face of increasing financial volatility and is part of a broader push for the internationalization of the renminbi [10] Group 2: Global Financial Dynamics - The contrasting strategies of Japan and the UK, which continue to increase their US Treasury holdings, highlight the unique position of China in the current financial landscape [8] - The ongoing diversification of global capital flows and the increasing appeal of gold challenge the traditional dominance of the dollar, suggesting a potential shift in the international monetary system [10] - China's actions serve as a model for other nations, encouraging a reevaluation of their own financial strategies in light of the evolving global economic environment [10]

Group 1 - The core viewpoint of the article highlights the contrasting monetary policies of the US and China, with the US Federal Reserve expected to lower interest rates while the People's Bank of China (PBOC) has injected 1 trillion yuan into the market to support its economy [1][3][15] - The PBOC's decision to lower the reserve requirement ratio by 0.5 percentage points is aimed at alleviating funding pressure on the real economy, particularly for small and medium-sized enterprises [3][15] - The article discusses the implications of these monetary policies on global financial dynamics, indicating that while the US economy is slowing down, China is actively responding to economic challenges, which may lead to a shift in capital flows [5][17] Group 2 - The article notes that the recent actions by the PBOC, including a 1 trillion yuan reverse repurchase operation, are intended to inject medium-term liquidity into the market, especially in light of upcoming government bond issuance and the maturity of interbank certificates [3][15] - The contrasting economic strategies of the US and China are underscored by Trump's comments on China's growing influence, suggesting a shift in global power dynamics [9][19] - The article emphasizes that China's comprehensive development across economic, technological, military, and cultural sectors contributes to its rising global stature, which is perceived as a challenge by the US [19][23]

Core Viewpoint - The global financial market is facing unprecedented turmoil due to rising U.S. fiscal deficits, increasing U.S. debt rates, the strengthening of the Renminbi, and profound changes in the global financial landscape [1] Group 1: U.S. Debt Crisis - The scale of U.S. national debt has surpassed $35 trillion, with annual interest burdens increasing, indicating a potential "credit collapse" of the U.S. economy [3][5] - Rising U.S. debt rates lead global investors to sell U.S. debt in search of higher returns, exacerbating the debt crisis [7] - The depreciation of the U.S. dollar is an inevitable trend as the U.S. economy slows down and fiscal deficits widen, impacting global market confidence [9][11] Group 2: Renminbi's Rise - The Renminbi has emerged as a strong alternative in the global financial market, with its exchange rate against the U.S. dollar reaching 7.16, the highest since April [14] - Chinese government policies, including interest rate cuts and increased fiscal spending, have bolstered the Renminbi's position [16] - The Renminbi's appreciation is a direct result of the U.S. economic imbalance and dollar depreciation, indicating a shift in global financial dominance [18] Group 3: Japan's Strategy - Japan has actively reduced its holdings of U.S. debt, capitalizing on favorable market conditions to achieve significant economic gains [19][21] - This strategy has helped stabilize the Japanese yen and mitigate risks associated with U.S. dollar fluctuations [21] - Japan's actions reflect a growing distrust in the U.S. economy and a proactive approach to the changing global financial landscape [23] Group 4: Global Financial Landscape - The global financial system is transitioning from a dollar-centric model to a multipolar one, with emerging currencies like the Renminbi gaining prominence [24][26] - The trend of de-dollarization is accelerating, as countries reduce reliance on the U.S. dollar and promote local currency settlements [28] - The rise of the Renminbi signifies a significant shift in the global financial order, with potential implications for international trade and capital markets [30][32]