Further rapid fx reserve rise undesirable - PBOC

A further rapid increase in Chinese foreign exchange reserves is undesirable, an official with the People's Bank of China told Market News.

"It's not very desirable to see foreign exchange reserves rise to such a high level," said Zhang Tao, deputy director general of the research department of the PBOC, China's central bank.

"Current foreign exchange reserve growth is mainly due to the surplus in the trade and capital accounts. And I think foreign exchange reserves will continue to grow but the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account