The central bank's "17 consecutive increases" in gold reserves: continuously strengthening the diversification of foreign exchange reserves

On April 7th, the People’s Bank of China released official reserve asset data showing that by the end of March 2026, China’s gold reserves had reached 74.38 million ounces (approximately 2,313.48 tons). The Chinese central bank has achieved 17 consecutive months of gold accumulation. In the midst of this “people getting off the train” noise, why does China’s central bank choose to “buy more against the trend”? What deep signals are being sent by this “national game” regarding gold?

For ordinary investors, increasing gold holdings often indicates confidence in rising gold prices.

This is a defensive hedge against the US dollar credit system. In recent years, dollar-related operations have made non-US economies worldwide feel uneasy. Against this backdrop, gold, as a “hard currency” that is not subject to any single country’s sovereignty intervention, has its safe-haven attributes surpassing mere inflation resistance.

As international partners’ willingness to hold RMB increases, a strong credit backing is needed. Physical gold, as the last resort for international payments, with its increasing reserves, effectively adds a layer of “heavy metal” backing behind the RMB, helping to boost confidence among emerging market countries in holding RMB assets.

Market Game: Is a Pullback a “Gold Pit”?

According to the World Gold Council, even in February 2026, when prices were high, global central banks still achieved net purchases, mainly from countries committed to diversifying their foreign exchange reserves.

Risk warning: Any information or opinions provided in this article are for reference only and do not constitute investment advice for anyone. Investors should not make buy or sell decisions based solely on this information, and they shall bear the investment risks themselves.