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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Beijing is urged to lend reserves to China banks

Posted on 23 December 2009

From WSJ: China should consider lending some of its foreign-exchange reserves to Chinese commercial and policy banks, which could use the funds to finance overseas investment by Chinese companies, Industrial & Commercial Bank of China Ltd. Chairman Jiang Jianqing said Tuesday.

His comments highlight the debate among government and industry officials about how Beijing can make better use of its huge foreign-exchange reserves, which would help prevent risks from a too-heavy concentration on holdings in dollars………………………………….Full Article: Source

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