China: Financial Account: Reserve Assets: Monetary Gold: USD by Quarter

Macro

2026-06-27

Description

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Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update

AI Data Insight

In Q1 2026, the net change in monetary gold under China's financial account was reported at USD 0.0 billion, flat compared to the previous quarter, indicating no cross-border flows. However, external data shows that the People's Bank of China (PBOC) has increased its gold holdings for 19 consecutive months up to May, reflecting that official gold purchases may be conducted through non-cross-border settlement channels such as domestic acquisitions. Its long-term strategy of de-dollarization and optimizing the reserve structure remains unchanged.

AI Data Insight

In Q1 2026, the net change in monetary gold under China's financial account was reported at USD 0.0 billion, flat compared to the previous quarter, indicating no cross-border flows. However, external data shows that the People's Bank of China (PBOC) has increased its gold holdings for 19 consecutive months up to May, reflecting that official gold purchases may be conducted through non-cross-border settlement channels such as domestic acquisitions. Its long-term strategy of de-dollarization and optimizing the reserve structure remains unchanged.

Description

-

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update