The central bank has increased its gold holdings for the 17th consecutive month

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April 7th, the State Administration of Foreign Exchange website released data showing that China’s gold reserves at the end of March were 74.38 million ounces (about 2,313.48 tons), an increase of 160k ounces (about 4.98 tons) from the previous month, with 74.22 million ounces (about 2,308.5 tons) at the end of February, marking the 17th consecutive month of gold accumulation.

As of the end of March 2026, China’s foreign exchange reserves totaled $3.3421 trillion, a decrease of $85.7 billion from the end of February, a decline of 2.5%.

The State Administration of Foreign Exchange stated that in March 2026, influenced by global macroeconomic conditions, monetary policies and expectations of major economies, the US dollar index rose, and prices of major global financial assets fell. Factors such as exchange rate conversion and asset price changes collectively contributed to the decline in foreign exchange reserves that month. China’s economic operation remained generally stable and progressing steadily, with new achievements in high-quality development, supporting the overall stability of foreign exchange reserves.

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Editor: Zhu Hennan