Foreign Exchange Reserves To Remain Stable - SAFE

China’s foreign exchange reserves will remain stable as the economy rebounds, according to the State Administration of Foreign Exchange. The country’s FX reserves have increased for seven consecutive months, as implemented policies stabilised exports and attracted foreign capital into domestic financial markets. Looking forward, reserves will be resilient as international investors increase exposure in China and yuan assets become more attractive. The Peoples’ Bank of China has also increased its gold holdings in recent months to optimise its international reserves risk profile, one expert said. (Source: Securities Daily)