How a China gold vault network could promote the yuan’s international reach - South China Morning Post
How a China gold vault network could promote the yuan’s international reach - South China Morning Post
Source: South China Morning Post
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DW NOTE
China holds 2,264 tonnes of gold in official reserves — half what it likely holds unofficially through state banks and sovereign vehicles. A vault network that settles yuan claims against physical metal would let Beijing monetise that position without formally revaluing reserves or breaking the peg. The template isn't Fort Knox, it's the London Bullion Market: you create liquidity by never moving the bars.