PBOC official says China not pursuing reserve rise

China is not deliberately pursuing expansion of its foreign exchange reserves or any particular level of reserves, a vice head of the central bank said in comments published on Wednesday 5 April.

China's forex reserves amounted to US$853.6 billion at the end of February, exceeding Japan for the first time to become the biggest forex reserves in the world. Japan's forex reserves stood at $850.1 billion at the end of February.

Wu Xiaoling, vice governor of the People's Bank of China or the centra

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: