According to the World Gold Council, as of October 25, 2024, the total holdings of China's gold ETF exceeded 100 tons. Although there was a slight outflow of funds in the third quarter, the total holdings and asset management scales of China's gold ETF in the first three quarters increased by 49% and 91% year-on-year respectively. Analysts attribute the driving factors of the above phenomenon to the strong performance of the renminbi gold price and the increasing demand from investors to hedge uncertainties in other assets. (Zi Shi Tang)