Core Viewpoint - As of August 2025, China's foreign exchange reserves reached $33,222 billion, marking a month-on-month increase of $299 billion, or 0.91%, following a previous rise in June [1][7]. Group 1: Foreign Exchange Reserves - The increase in foreign exchange reserves in August was influenced by the decline in the US dollar index and the overall rise in global financial asset prices [2][7]. - The US dollar index fell approximately 2.2% in August, contributing to the appreciation of non-dollar assets within China's foreign reserves [7]. - China's foreign exchange reserves have remained above $32 trillion for 21 consecutive months, supported by the resilience and vitality of the domestic economy [8]. Group 2: Gold Reserves - As of August 2025, China's official gold reserves stood at 7.402 million ounces, with an increase of 6,000 ounces from the previous month, marking ten consecutive months of gold accumulation by the central bank [3][10]. - The rise in international gold prices, driven by geopolitical and economic uncertainties, has led to a growing demand for gold as a means to optimize the international reserve structure [10]. - The proportion of gold in China's official international reserves is significantly lower than the global average, indicating a potential for further accumulation in the future [10].

Core Viewpoint - China's foreign exchange reserves stood at $32,922 billion as of the end of July 2025, marking a decrease of $252 billion or 0.76% from the end of June, while remaining above $3.2 trillion for the 20th consecutive month [1][5]. Group 1: Foreign Exchange Reserves - The decline in foreign exchange reserves in July was influenced by macroeconomic data, monetary policy expectations, and a rising US dollar index, which led to mixed performance in global financial asset prices [2][5]. - The US dollar index rebounded in July, ending a five-month decline, driven by trade agreements and reduced expectations for Federal Reserve rate cuts, which affected the valuation of non-dollar currencies [5]. - Despite the decrease, the overall stability of China's foreign exchange reserves is supported by a strong economic foundation and favorable long-term trends [5]. Group 2: Gold Reserves - As of the end of July 2025, China's official gold reserves increased to 7,396 million ounces, with a monthly addition of 6,000 ounces, marking nine consecutive months of gold accumulation by the central bank [2][6]. - The central bank's strategy of increasing gold reserves reflects a balance between optimizing reserve structure and controlling acquisition costs during a period of technical adjustments in gold prices [6]. - Global central banks are expected to continue increasing their gold reserves in the coming year, driven by economic and geopolitical uncertainties, with 95% of surveyed central banks anticipating further increases [6].

Group 1 - Gold is recognized as a special asset with multiple attributes, serving as an important component of international reserves for various countries, providing benefits such as hedging, anti-inflation, and long-term value preservation [1] - According to the World Gold Council's survey, over 95% of central banks believe that global central banks will continue to increase their gold holdings in the next 12 months, with nearly 43% planning to increase their gold reserves within the year [1] - As of the end of June, China's gold reserves reached 73.9 million ounces, an increase of 70,000 ounces from the end of May, marking the eighth consecutive month of gold accumulation by the central bank [1] Group 2 - China's foreign exchange reserves rose to $33,174 billion as of the end of June, an increase of $32.2 billion or 0.98% from the end of May, maintaining above $3.2 trillion for 19 consecutive months [2] - The increase in foreign exchange reserves in June was influenced by macroeconomic policies and growth prospects of major economies, alongside a 2.5% decline in the US dollar index, which reached a three-year low [2] - The rise in global financial asset prices, including a 1% increase in the dollar-denominated global bond index and a 5% rise in the S&P 500 index, contributed to the increase in foreign exchange reserves [2]

Group 1 - As of the end of May 2025, China's foreign exchange reserves reached $328.53 billion, an increase of $3.6 billion from the end of April, marking a 0.11% rise and a continuous growth since the beginning of 2025 [1] - The increase in foreign exchange reserves is attributed to the impact of major economies' policies and growth prospects, with the dollar index experiencing slight fluctuations and global financial asset prices showing mixed trends [1] - The current level of foreign exchange reserves is considered moderately sufficient, providing a buffer against external shocks, with expectations for stability in the short term [1] Group 2 - As of the end of May 2025, the central bank's gold reserves stood at 7.383 million ounces (approximately 2,296.37 tons), with a month-on-month increase of 60,000 ounces, marking seven consecutive months of accumulation [3] - The total increase in gold reserves amounts to 1.03 million ounces, with an estimated cumulative increase value of approximately $341 million (around 2.45 billion yuan) based on the latest gold prices, although the pace of increase has slowed in May [3] - The central bank's strategy to increase gold reserves is seen as a long-term direction to enhance the credibility of the sovereign currency and facilitate the internationalization of the renminbi [3]

Core Viewpoint - The article discusses the recent increase in China's foreign exchange reserves and the central bank's continued gold purchases, highlighting the impact of external economic factors and the volatility in gold prices [1][2][4]. Group 1: Foreign Exchange Reserves - As of the end of April, China's foreign exchange reserves reached approximately $32,817 billion, an increase of $41 billion from the end of March, representing a growth rate of 1.27% [2]. - The rise in foreign reserves is attributed to a significant drop in the US dollar index by about 4.4% due to the introduction of "reciprocal tariffs" by the Trump administration, which led to an increase in the value of non-dollar assets in China's reserves [2][1]. - The political bureau meeting emphasized the need to stabilize employment, enterprises, markets, and expectations in response to the rapidly changing external environment, with financial policies being implemented to support these goals [2]. Group 2: Gold Reserves - As of the end of April, China's gold reserves stood at 7,377 million ounces, marking an increase of 70,000 ounces, continuing a six-month trend of gold accumulation by the central bank [4][3]. - There are indications of structural changes in gold allocation, with more countries expected to increase their gold purchases, projected at around 1,000 tons by 2025 [4]. - Recent fluctuations in gold prices have been significant, with prices reaching a peak of $3,500 per ounce before falling to around $3,372.28 per ounce, indicating a volatile market environment [4][5]. Group 3: Investment Outlook - Experts warn that the current volatility in gold prices presents increased risks for investors, suggesting a conservative investment approach, especially for non-professional investors [5]. - The ongoing geopolitical uncertainties and tariffs are expected to provide support for gold prices, although short-term pressures may arise from potential Federal Reserve interest rate decisions [5].