Wang Qing, Chief Macro Analyst of Oriental Jincheng: In the future, the central bank's increase in gold holdings is still the general direction

September 7th news, September 7th, the People's Bank of China announced data show that China's gold reserves at the end of August 74.02 million ounces, gold reserves at the end of July reported 73.96 million ounces, which is the 10th consecutive month of China's central bank holdings of gold. In this regard, Wang Qing, chief macro analyst of Oriental Jincheng, said that the central bank's holdings of gold are still the general direction. Wang Qing believes that as of the end of August, the proportion of gold in our country's official international reserve assets was 7.3%, significantly lower than the global average of about 15%. From the perspective of optimizing the international reserve structure, it is necessary to continue to increase gold reserves and moderately reduce US debt holdings in the future. In addition, gold is a globally widely accepted means of final payment, and the central bank's increased holdings of gold can enhance the credit of sovereign currencies and create favorable conditions for the steady and cautious promotion of RMB internationalization.