Core Viewpoint - China's foreign exchange reserves have increased, with the central bank continuously adding to its gold reserves for the 11th consecutive month [1][2][4]. Group 1: Foreign Exchange Reserves - As of September 2025, China's foreign exchange reserves reached $33,387 billion, an increase of $165 billion from the end of August, marking a 0.5% rise [1][2]. - The reserves have remained above the $3.2 trillion mark for 22 consecutive months [1][2]. - The increase in reserves is attributed to factors such as exchange rate adjustments and changes in asset prices [2][4]. Group 2: Gold Reserves - The central bank's gold reserves stood at 7,406 million ounces (approximately 2,303.523 tons) at the end of September, with a month-on-month increase of 40,000 ounces (about 1.24 tons) [2][4]. - The continuous increase in gold reserves reflects a broader trend among global central banks, with expectations of net purchases averaging 80 tons in 2025 and 70 tons in 2026 [4]. Group 3: Market Context - The rise in foreign exchange reserves and gold holdings occurs against a backdrop of fluctuating global financial asset prices and a stable economic environment in China [4]. - The gold price has surged recently, reaching historical highs due to factors such as anticipated interest rate cuts by the Federal Reserve and ongoing geopolitical tensions [5][6][9].