A Study on Optimal Scale of China Gold Reserves

Bingnan ZHANG, Yanfei WANG, Xiaoyan WANG


According to the data of 1992-2010 years, paper use optimal portfolio model to determine the weight of the great benefits law foreign exchange reserves, so as to obtain the optimal scale of gold reserves. Forecast the optimal gold reserve capacity in the next 20 years. The conclusion is: 2020, China’s gold optimal reserves should be 5787 tons - 6750 tons. 2030 should be 8995 tons - 10532 tons. Combination of the above quantitative measure and the forecast results, the thesis put some forward countermeasures and suggestions include increasing the gold reserves.

Key words: International reserve assets; Gold reserves; Foreign exchange reserves; Optimal scale


International reserve assets; Gold reserves; Foreign exchange reserves; Optimal scale


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DOI: http://dx.doi.org/10.3968/j.css.1923669720120804.Z0897


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