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$3.69 trillion foreign exchange reserve and 604 tons increased gold

(People's Daily Online)    16:28, July 20, 2015
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A shop assistant displays the gold bracelets. (Photo/Cankaoxiaoxi.com)

China released the updated foreign exchange reserve and gold reserve by the end of June 2015: China's foreign exchange reserve was 3.69 trillion dollars, and gold reserve was 53.32 million oz (1,658 tons).

Besides these two figures, the number of 232.9 million dollar other foreign currency assets was also published for the first time.

Compare with the figures released in April 2009, China's gold reserve has increased 604 tons in 6 years, almost takes a quarter of the total reserve.

Officials of the People's Bank of China and State Administration of Foreign Exchange (SAFE) told media that by gold value assessment and analyzing its price changes, China accumulated this amount of gold reserve through various channels both domestically and internationally without banging the market.

Officials also noted that China would be considering more about individuals owning gold since China now is already the No. 1 gold producer and consumer of the world. Because the limited scale of gold market, using foreign exchange reserve to purchase a great amount of gold would have an impact on the market. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Bianji)

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