PBOC may sacs à main raise gold reserves

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PBOC may sacs à main raise gold reserves
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2011/11/23 12:44:40

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PBOC may sacs à main raise gold reserves

PBOC may sacs à main raise gold reserves

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PBOC may raise gold reservesPublished: 21 Nov 2008 02:08:49 PST<p class="authorInfor"]</p]<!--begin CK content--]
Nov. 21, 2008 (China Knowledge) - The People's Bank of China (PBOC) is mulling lifting its gold reserve by 4,000 tons from 600 tons, in a bid to diversify risks resulted from the country's huge foreign exchange reserves, sources reported, citing unnamed industry insider in Hong Kong, as saying.</p]
However, the insider didn't provide detailed information on the plan. </p]
China has the largest foreign exchange reserves in the world. As of end-September this year, the country's foreign exchange reserves amounted to US$1.9056 trillion. </p]
A large proportion of China's foreign exchange reserves were contributed by U.S. dollar-denominated assets, including U.S. treasury bonds and mortgage agency bonds, as per industry sources.<br /]</p]<br /]Copyright © 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]�F�� ^ ��쥸�åȥ��`�� F�� Waterproof socks