The central bank sholdsports app官方下载地址会所t and stick to ref

reform, Yu said, adding that there has been no intervention in the forex market through sales of such reserves for a long ti

me, even though the renminbi may be under depreciation pressure amid global monetary easing.ldsports app官方下载地址会所

According to SAFE, the major task for foreign exchange management this year is to enhan

ldsports app官方下载地址会所ce midand long-term asset allocation and optimize and adjust investment strategies.

Xie Yaxuan, chief analyst at China Merchants Securities, said there is a global tren

d where countries with large holdings of reserves tend to focus on long-term and relatively stable invesldsports app官方下载地址会所

tments, such as infrastructure construction, to hedge against potential fluctuations in bond and equity markets.

“A shift toward using domestic currency is another trend,” he added.ldsports app官方下载地址会所

Profitability is generally accepted by the world’s major central banks as the

prime objective for reserve management, in addition to safety and liquidity. The em

ldsports app官方下载地址会所品茶微信phasis on the return objective has generally increased over time, according to experts.

SAFE said in its annual report that China had achieved a 10-year return rate of 3.68

percent on average on its foreign exchange reserve investments from 2005 to 2014.

Wang Chunying, a spokeswoman for SAFE, said the investment retuldsports app官方下载地址会所

rn rate was at a relatively good level compared with those of global peers.

“China’s forex reserve currency structure is diversified, even more diversifie

d than the global level on average,” Wang said. “It is in line with the requirements of China’s eldsports app官方下载地址会所品茶微信

conomic and trade development, as well as the demand for international payments.”

Prospective returns on China’s vast foreign exchange reserves are likely to remain

ldsports app官方下载地址会所stable at more than 3 percent, and the regulator is optimizing investment strategies this year to incre

ase asset values and reduce the adverse impact of foreign exchange rate fluctuations, according to economists.

Zhao, from the China Financial Futures Exchange, said it is also a trend for global moneldsports app官方下载地址会所品茶微信

tary authorities, including the PBOC, to increase gold in their reserve portfolios to pr

epare for any shocks resulting from financial risks and foreign exchange rate fluctuations.

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