Geopolitical Strategy - China seeks to increase global influence by attracting foreign gold reserves to the Shanghai Gold Exchange (SGE) [1] - The People's Bank of China (PBOC) is encouraging friendly nations' central banks to purchase and store gold within China [1] - At least one Southeast Asian country has expressed interest in this initiative [1] Operational Details - Gold reserves will be held in SGE international board-linked vaults [1] - These gold purchases will be counted as new additions to foreign reserves [1] - The gold will not be transferred from existing stockpiles [1]