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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China seeks new ways to use FX reserves - official

Posted on 22 January 2010

From Reuters: China will look for new ways to invest the world’s largest foreign exchange reserves this year to generate higher returns, a senior regulatory official said on Thursday.

It would be a challenge for the country not just to preserve but to increase the value of the $2.4 trillion stockpile, said Guan Tao, head of the international balance of payment department at the State Administration of Foreign Exchange (SAFE)……………………………….Full Article: Source

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