Since Russia's Euro reserves and US dollar reserves have reduced a lot in 2014, Moscow has been buying gold. ANBOUND research team believes that Russia’s purchase of gold results from financial sanctions imposed by America and Europe. China could learn from foreign exchange reserves diversification of Russia. China should use its huge foreign exchange reserves to guarantee the development of domestic bonds market and actively promote RMB Internationalization. It should also decide investment priorities of foreign reserves based on national strategy and the need of economic and social development, optimize foreign exchange reserves investment structure, help Chinese enterprises to "go global" and serve the Chinese economic structure adjustment and industrial upgrade.