PANews reported on February 12th that the World Gold Council released its "Monthly Review of the Chinese Gold Market." The report indicates that China's upstream physical gold demand remained robust in January: Gold outflows from the Shanghai Gold Exchange (SGE) totaled 126 tons, a slight increase of 1 ton year-on-year and 11 tons month-on-month; strong gold bar sales and increased restocking by jewelry dealers before the Spring Festival jointly supported gold demand. In January, inflows into Chinese gold ETFs reached RMB 44 billion (approximately US$6.2 billion, or 38 tons), a record high for the start of the year, with both total assets under management (AUM) and total holdings setting new historical records. In 2026, the People's Bank of China continued to issue gold purchase announcements, increasing its gold reserves by 1.2 tons to 2,308 tons, accounting for 9.6% of its total foreign exchange reserves.