China has reduced its holdings of U.S. Treasury securities to roughly $682.6–$688.7 billion in recent months, the lowest level since 2008, official U.S. Treasury data show. The month-by-month snapshots place holdings at $688.7 billion in October 2025 and $682.6 billion in November 2025, marking the continuation of a near-decade decline as Beijing accelerates diversification of its foreign-exchange reserves. The downward move is part of a broader strategy to rebalance reserve portfolios toward gold and overseas equities. People’s Bank of China disclosures indicate gold reserves reached 74.15 million ounces at end-December 2025, an increase of 30,000 ounces from the prior month and the 14th consecutive monthly rise in reported gold holdings. Nonetheless, the data depict a notable shift in the composition of the world’s largest official foreign-exchange reserve holdings.

Source: Mint January 17, 2026 14:00 UTC