Core Insights - As of the end of October, China's foreign exchange reserves reached $33,433 billion, an increase of $47 billion from the previous month, marking three consecutive months of growth [1][4] - The increase in reserves is attributed to expectations regarding monetary policies of major economies and macroeconomic data, despite a stronger dollar and depreciation of non-dollar currencies [4] - The People's Bank of China continues to slightly increase gold reserves, which reached 7,409 million ounces, reflecting a strategy to optimize international reserve structure [1][4] Summary by Category Foreign Exchange Reserves - China's foreign exchange reserves stood at $33,433 billion at the end of October, up 0.14% month-on-month [1] - The reserves have shown a recovery trend for three consecutive months after a brief decline in July [4] Gold Reserves - Gold reserves reached 7,409 million ounces, marking the 12th consecutive month of increase [1] - The People's Bank of China is actively increasing gold holdings to optimize the structure of international reserves [1][4] Economic Factors - The growth in foreign exchange reserves is supported by the overall rise in global financial asset prices, which mitigated the negative impact of currency depreciation [1][4] - China's strong economic fundamentals, including resilience and potential, are key factors in maintaining stable foreign exchange reserves [4]

Core Insights - The People's Bank of China reported an increase in gold reserves, reaching 73.96 million ounces by the end of July, marking the ninth consecutive month of gold accumulation [1] Group 1: Gold Reserves - As of the end of July, China's gold reserves stood at 73.96 million ounces, an increase of 60,000 ounces from the previous month [1] - This increase in gold reserves reflects a continued strategy of accumulation over the past nine months [1] Group 2: Foreign Currency Reserves - The foreign currency reserves for China were reported at approximately $32,090.36 million in January 2025, with a slight increase to $32,272.24 million in February and further to $32,406.65 million in March [2] - The total foreign currency reserves reached $32,816.62 million by April 2025, indicating a consistent upward trend [2] Group 3: Other Reserve Assets - The IMF reserve position was reported at $100.48 million in January 2025, with a slight increase to $100.87 million in February [2] - Special Drawing Rights (SDRs) also showed an upward trend, increasing from $527.12 million in January to $550.51 million by April 2025 [2]

Core Viewpoint - The People's Bank of China reported an increase in gold reserves, marking the ninth consecutive month of accumulation, with reserves reaching 7.396 million ounces (approximately 2300.41 tons) as of the end of July [2]. Group 1: Foreign Currency Reserves - As of July, China's foreign currency reserves stood at approximately $3.292 trillion, showing a slight increase from the previous month [2]. - The IMF reserve position for China was reported at $109.28 billion, reflecting a decrease from the previous month [2]. Group 2: Special Drawing Rights (SDRs) - The SDRs held by China were recorded at 552.69 million SDRs as of July, with a slight fluctuation observed in the preceding months [2]. Group 3: Gold Reserves - The gold reserves increased by 60,000 ounces (approximately 1.86 tons) from the previous month, continuing a trend of consistent growth [2]. - The value of gold reserves was reported at $2,439.85 per ounce, indicating a significant increase compared to earlier months [2]. Group 4: Other Reserve Assets - Other reserve assets showed a negative balance of -3.47 billion, indicating a slight improvement from the previous month [2].