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Chinese investors are reportedly selling gold ETFs and pivoting to local equities, while the government quietly accumulates more gold. The CSI 300 Index has surged nearly 5.5% in the past month, reflecting this shift.
- China's gold ETFs saw 3.2B yuan ($450M) in outflows as investors shift to equities.
- The CSI 300 Index rose 5.5% in a month, signaling strong local equity demand.
- Analysts claim PBOC's gold reserves may exceed official reports by over 2,700 tons.
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Related Tags: Gold
Other Tags: PBoC, Shanghai Stock Exchange