Relevant:
- China Central Bank absorbing substantial amounts of gold without disrupting market
- China's gold demand -- surmise and reality
- Koss Jansen: Chinese Gold Demand 1063 Tonnes for 2014 YTD; Chinese Reserves Estimated At Nearly 15k Tonnes
- China could match U.S. gold reserves inside 10 years
- China gold imports in 2011 - implements policy controlling the price?
2013-03-16 — sprottgroup.com
...
We also believe China's current gold reserves are significantly more than the stated 1,054 tonnes. Given that the entirety of China's domestic gold production remains held in-country, the escalating level of gold imports through Hong Kong (which have totaled a cumulative 1,051 tonnes since 2010), and the sheer size of China's US dollar reserves, it seems highly probable that a large portion of that gold is making its way to the PBOC. The fact that Chinese officials seek to deny this should not be surprising, as any suggestion to the contrary has the strong potential of moving the gold price higher
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