Comments by State Administration of Foreign Exchange (SAFE), which manages the bulk of China’s forex assets, likely reflect Beijing’s rising concerns about international uncertainties, according to analysts. Photo: Reuters
China’s forex reserves strategy to be ‘dynamically optimised’ amid uncertain external conditions
- From November to December, China’s foreign exchange reserves rose by 1.23 per cent, or US$38 billion, to US$3.22 trillion – the highest level since April 2016
- But China’s holdings of US Treasury securities have fallen to the lowest level since January 2017
Comments by State Administration of Foreign Exchange (SAFE), which manages the bulk of China’s forex assets, likely reflect Beijing’s rising concerns about international uncertainties, according to analysts. Photo: Reuters
