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Official: China forex reserve investments remain profitable

(chinadaily.com.cn)
Updated: 2009-04-24 16:50

China said Friday that its investments of foreign exchange reserves remained profitable last year despite the global financial crisis that sent financial assets shrinking in value, dispelling concerns of huge losses with such investments.

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"We managed to get some proceeds from managing the country's foreign exchange reserves last year, while at the same time maintaining the safety and liquidity of the assets," Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE),said...

The full text is available in the April Issue of China Banking. Please visit publications for more subscription details.