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
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
Economy /  China Economy

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

Frank Tang
Frank Tang in Beijing

Updated: 10:53pm, 8 Jan, 2021

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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
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
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