World Gold Council: China's gold ETF demand surges throughout 2024

On February 5th, the World Gold Council released the "Review and Trend Analysis of China's Gold Market for the Fourth Quarter and the Whole Year of 2024", stating that the demand for Chinese gold ETFs in the fourth quarter and the whole year of 2024 reached a historic high.

According to data released by the World Gold Council, in the fourth quarter of 2024, the demand for gold ETFs in the Chinese market turned positive, with inflows of approximately 15 billion yuan (about 2 billion US dollars, 7.5 tons), setting a record for the strongest quarterly performance in history. Throughout 2024, the demand for gold ETFs in the Chinese market surged, with a total inflow of approximately 31 billion yuan (approximately 4.4 billion US dollars, 55 tons). 2024 is the year with the strongest demand for gold ETFs in China, with the total asset management scale of gold ETFs in the Chinese market reaching 71 billion yuan (approximately 9.7 billion US dollars), soaring 150% this year and reaching a historic high. This year, the total holdings of gold ETFs in the Chinese market increased by 87% to 115 tons, breaking historical records.

Resource: 中国财富网