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央行隱性購金渠道及推測依據-行業數據

央行隱性購金渠道及推測依據
央行隱性購金渠道及推測依據
官方口徑之外，或有隱性購金渠道。盡管官方數據顯示 2024年全年中國央行僅增持黃金 44噸，但我們認為，通過中介購買、海關進口、交易所提取等非公開渠道，中國央行隱性增持黃金規?？赡苓h超官方披露數據，實際儲備增量遠超預期。
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央行隱性購金渠道及推測依據_第1頁
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央行隱性購金渠道及推測依據_第2頁
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央行隱性購金渠道及推測依據_第3頁
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央行隱性購金渠道及推測依據_第4頁
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央行隱性購金渠道及推測依據_第5頁
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央行隱性購金渠道及推測依據_第6頁
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央行隱性購金渠道及推測依據_第7頁
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央行隱性購金渠道及推測依據_第8頁
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央行隱性購金渠道及推測依據_第9頁
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央行隱性購金渠道及推測依據_第10頁
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央行隱性購金渠道及推測依據_第11頁
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央行隱性購金渠道及推測依據_第12頁
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央行隱性購金渠道及推測依據_第13頁
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央行隱性購金渠道及推測依據_第14頁
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央行隱性購金渠道及推測依據_第15頁
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央行隱性購金渠道及推測依據_第17頁
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央行隱性購金渠道及推測依據_第18頁
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所屬報告： 有色、鋼鐵行業黃金系列報告之一：央行購金空間廣闊投資需求推動金價中期上漲-250327（18頁）.pdf
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