An interesting article about China and gold. Of particular interest to me is this last phrase.

Media reports have said that the PBOC plans to create a fund worth $300 billion to invest the country's foreign reserves in the US and European markets. The fund will reportedly seek to invest in real assets and company shares, rather than government securities.

http://www.chinadaily.com.cn/bizchina/2011-12/27/content_14332766.htm