# Gold strategy: how a Chinese vault network could bolster the yuan’s role

https://mins.news/en/item/31956

- South China Morning Post, 2026-08-25 02:30 UTC
- Economy
- Original: https://www.scmp.com/business/china-business/article/3365092/gold-strategy-why-chinese-global-network-vaults-would-bolster-yuans-trade-role?utm_source=rss_feed

> China is developing a worldwide network of gold vaults and speeding up central-bank purchases to strengthen the yuan’s role in international trade, according to an S&P Global Ratings report. Zijin Mining and Shandong Gold Mining are expected to expand faster than most global peers after Beijing classified gold as a “strategic mineral” in 2025.