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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China says to press ahead with FX reserves

Posted on 28 July 2011

China will press ahead with diversification of its $3.2 trillion in foreign exchange reserves, and does not pursue large-scale currency holdings, the State Administration of Foreign Exchange said on Thursday.
“We will continue to diversify the asset allocation of our reserve assets and continue to optimize the holdings based on market conditions,” the foreign exchange regulator said in a statement, responding to questions from the public……………………………………….Full Article: Source


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