Caixin
Dec 08, 2022 03:58 AM
FINANCE

China Reports First Rise in Gold Reserves Since 2019

China’s central bank has the seventh-biggest bullion hoard in the world.
China’s central bank has the seventh-biggest bullion hoard in the world.

China’s central bank added 32 tons of gold worth around $1.8 billion to its reserves, the People’s Bank of China said Wednesday, the first increase it has disclosed in more than three years.

The addition brought China’s total gold reserve to 1,980 tons, the seventh-biggest central bank bullion hoard in the world, data from the State Administration of Foreign Exchange (SAFE) showed Wednesday.

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