Greater China Banks Daily "China's forex reserve and gold holdings furth..."

Research evidence excerpt

Greater China Banks Daily "China's forex reserve and gold holdings furth..."

Global Research

9 June 2026ab

Greater China Banks Daily Equities

ChinaChina's forex reserve and gold holdings further

rose in May; PBOC overhauls deposit & loan rate Banks

rules; MMF ‘T+1’ settlement takes effect MayAnalystYan

may.yan@ubs.com

+852-2971 7157

China's forex reserve and gold holdings further rose in May Alex Ye

Analyst

Yicai, Jun 8: China's forex reserves increased by 0.9% to USD3.4422 trillion in May, up S1460522090005

USD3.17trn (+0.93%) MoM, as announced by the State Administration of Foreign alex.ye@ubs.com

Exchange. The inflation pressure driven by the crude oil supply crisis strengthened the +86 755 2215 8858

rate hike outlook, as well as US dollar exchange rate. The AI technology boom in US

Catherine Yang, CFA

stock market in May further fueled the appreciation trend in USD, leading to the Analyst

valuation improvement of China's forex reserve. In addition, the gold reserve held by the S1460526010003

central bank also reported a rise by 0.4% to 74.96 million ounces, marking the 19th catherine-za.yang@ubs.com

month of consecutive gold reserve increase. +86-755-2215 8860

Helen Li, CFA

PBOC overhauls deposit & loan rate rules Analyst

Sina, Jun 8: On June 5th, 2026, PBOC issued the new draft of Renminbi Loans and helen-za.li@ubs.com

Deposits Rate Regulation open for comments till July 5, replacing the old framework of +852-2971 6066

2003. Several highlights: 1) a red line on high-rate deposit soliciting activities, formally

defining illicit manual interest rate subsidies as violations; 2) unified interest accrual on

actual calendar days, switching the day rate from annual/ 360 to annual = day x 365

(366 in leap years); 3) market-based penalty interest, freeing penalty terms for