Gold reserve refers to the gold held by a country's monetary authorities to balance the international payments and maintain or influence the exchange rate level, and is held as a financial asset. Gold reserves play a special role in stabilizing the national economy, curbing inflation and improving international reputation. The management significance of gold reserves lies in realizing the maximum possible liquidity and profitability of gold reserves.

Which country has the second largest gold reserve in the world?

A few days ago, the vice president of China Gold Association said that as of 20 16, China's proven gold reserves reached 1.2 1 10,000 tons, ranking second in the world after South Africa.

At present, the overall development of the gold industry in China is healthy and stable, with gold as the main industry and multi-metals simultaneously. In 20 16, the trading volume of China gold exchange reached 24,000 tons (unilaterally), futures exchange reached 39,000 tons (unilaterally), and commercial banks traded 7,000 tons, with a cumulative trading volume of 70,000 tons. He predicted that during the 13th Five-Year Plan period, this figure is expected to exceed 65.438 billion tons.

20 13 China overtook India to become the largest gold market in the world. The World Gold Council's report on the trend of gold demand in the second quarter of 20 17 shows that the demand for gold investment in China is outstanding in the second quarter of 20 17, and the market demand for gold bars and coins has increased by 56% compared with the same period of last year.

In terms of gold reserves, the latest data released by the central bank on September 7th showed that China's gold reserves were 59.24 million ounces in August, which has remained at this level since 20 16 and 10.

China has been the largest gold producer in the world for seven consecutive years! Awesome, my country!