The central bank has been increasing its gold reserves for 19 consecutive months, with the scale of increases expanding in the last three months

Odaily Planet Daily News According to data released by the State Administration of Foreign Exchange on June 7, as of the end of May 2026, China's foreign exchange reserves stood at $3,442.2 billion, an increase of $31.7 billion, or 0.93%, from the end of April. Gold reserve data released on the same day showed that China's gold reserves have increased for 19 consecutive months.

Official reserve asset data updated on June 7 shows that as of the end of May 2026, China's gold reserves were 74.96 million ounces, an increase of 320,000 ounces from 74.64 million ounces at the end of April. The People's Bank of China's current round of gold accumulation began in November 2024, and by the end of May 2026, it had been increasing reserves for 19 consecutive months.

Between March 2025 and February 2026, the PBOC's monthly gold reserve increase remained below 100,000 ounces. Since March, the central bank's monthly gold purchases have been 160,000, 260,000, and 320,000 ounces respectively, indicating a growing pace of accumulation.

Data shows that by the end of 2025, gold accounted for approximately 8.8% of China's official international reserves, which primarily consist of foreign exchange reserves and gold reserves. According to data released by the European Central Bank on June 2, gold's share of total reserve assets held by global central banks reached 27% by the end of 2025, up from 20% at the end of the previous year. This suggests that the current proportion of gold in China's reserves is significantly low, leaving ample room for future increases. (Chang'an Street News)