# gold reserves
Latest news and articles about gold reserves
Total: 3 articles found
China’s Central Bank Keeps Buying Gold as Reserves Top $3.4 trillion — A Bid to Hedge the Dollar
China’s foreign‑exchange reserves rose to $3.4278 trillion at the end of February 2026 while the People’s Bank of China extended a 16‑month streak of gold purchases, bringing its holding to 74.22 million ounces. Beijing’s strategy reflects reserve diversification amid de‑dollarisation pressures, geopolitical uncertainty and a desire to shore up long‑term external stability.
China’s Central Bank Keeps Buying Gold — Small Steps, Strategic Shift
China’s central bank increased its gold holdings for the 15th month in a row to 74.19 million ounces at end-January 2026, adding roughly 40,000 ounces. Foreign-exchange reserves rose to $3.399 trillion, helped by a weaker dollar and asset price gains; analysts see Beijing’s modest, persistent gold buying as a cautious move to diversify reserves.
From County Mine to Trillion‑RMB Powerhouse: How Chen Jinghe Built China’s Gold Empire
Zijin Mining, under founder Chen Jinghe, has grown from a indebted county mine into a multi‑trillion‑RMB metals conglomerate by combining technical innovation, corporatisation and opportunistic, counter‑cycle acquisitions. Recent large purchases and a global uptick in commodity prices have dramatically expanded its reserves and market value, while Chen personally retains only a small share of the company he built.