foreign reserves

China’s PBOC makes largest gold purchase since 2023

The People's Bank of China added 480,000 troy ounces of gold to its reserves in June, its largest monthly purchase since late 2023, as the central bank took advantage of a sharp drop in bullion prices to accelerate its diversification…

China’s US Treasury holdings hit 18-year low in April

China's holdings of US government debt slipped to their lowest level in more than 18 years in April, extending a years-long divestment trend even as overall foreign demand for Treasuries edged higher, according to data released by the US Treasury…