Core Viewpoint - The article discusses the recent changes in China's foreign exchange reserves and gold reserves, highlighting the stability and potential of China's economy despite fluctuations in global financial markets [1][2][3]. Foreign Exchange Reserves - As of July 2025, China's foreign exchange reserves stood at 32,922 billion USD, a decrease of 252 billion USD from June, representing a decline of 0.76% [1][3]. - The State Administration of Foreign Exchange (SAFE) indicates that the current level of foreign exchange reserves is slightly above 3 trillion USD, which is considered adequate to support the stability of the RMB exchange rate and to withstand external shocks [1][3]. - Analysts believe that China's economic fundamentals remain strong, with supportive policies expected to maintain a stable foreign exchange reserve level [1][3]. Gold Reserves - By the end of July 2025, China's gold reserves reached 7,396 million ounces, an increase of 6 million ounces, marking the ninth consecutive month of gold accumulation by the central bank [2][3]. - The increase in gold reserves is viewed as a strategy to enhance the credibility of the sovereign currency and to facilitate the internationalization of the RMB [3][4]. - Experts suggest that gold retains advantages in terms of risk aversion, inflation resistance, and long-term value preservation, supporting the diversification of international reserves [4].

Group 1 - As of July 2025, China's foreign exchange reserves stood at $32,922 billion, a decrease of $252 billion from the end of June, representing a decline of 0.76% [1] - The decline in foreign exchange reserves was influenced by macroeconomic data, monetary policy, and expectations from major economies, alongside fluctuations in asset prices and exchange rates [1] - China's foreign exchange reserves are considered to be at a moderately sufficient level, which supports the stability of the RMB exchange rate and acts as a buffer against potential external shocks [1] Group 2 - As of the end of July, China's gold reserves increased to 7,396 million ounces, up by 6 million ounces, marking the central bank's continuous increase in gold holdings for nine consecutive months [1] - The central bank's increase in gold reserves is aimed at enhancing the credibility of the sovereign currency and facilitating the cautious advancement of RMB internationalization [2] - The long-term strategy of diversifying international reserves and incorporating gold into the reserve mix remains unchanged, as gold is viewed as a hedge against inflation and a means of long-term value preservation [2]

Group 1 - The latest statistics from the State Administration of Foreign Exchange show that as of the end of July 2025, China's foreign exchange reserves stood at $329.22 billion, a decrease of $25.2 billion from the end of June, representing a decline of 0.76% [1] - China's foreign exchange reserves have remained above $3.2 trillion for 20 consecutive months, indicating stability in the reserves despite fluctuations in global financial asset prices [1] - The appreciation of the US dollar and depreciation of non-US currencies have contributed to the decrease in foreign exchange reserves when calculated in dollar terms [1] Group 2 - The People's Bank of China has been increasing its gold reserves consistently for nine months, with the official gold reserves reaching 7.396 million ounces by the end of July, an increase of 60,000 ounces from the previous month [1] - The monthly increase in gold reserves has been maintained at around 60,000 to 70,000 ounces since April, reflecting a strategic balance between optimizing reserve structure and controlling acquisition costs [2] - It is anticipated that countries will continue to increase their gold reserves in the medium term, with a long-term strategy of diversifying international reserves and dynamically adjusting gold holdings [2]

Group 1 - As of the end of July 2025, China's foreign exchange reserves stood at $329.22 billion, a decrease of $25.2 billion from the end of June, representing a decline of 0.76% [1] - The decline in foreign exchange reserves was influenced by macroeconomic data, monetary policy, and expectations from major economies, leading to an increase in the US dollar index and a mixed performance in global financial asset prices [1][2] - The US dollar index rose by 3.4% in July, reaching a peak of 100.1042 on July 31, marking the highest level since May 23 [1] Group 2 - The depreciation of non-US currencies against the dollar resulted in a negative valuation effect on foreign exchange reserves, as the reserves are denominated in dollars [1] - The People's Bank of China has increased its gold reserves to 7.396 million ounces as of the end of July, adding 60,000 ounces since the end of June, continuing a trend of increasing gold holdings for nine consecutive months [2] - The long-term outlook for gold remains positive due to its advantages in hedging against risks, inflation, and maintaining value, with central banks expected to continue increasing gold investments amid global uncertainties [3]