China: No plan to sell dollar assets, buy oil

China has no plan to sell off its US dollar assets, the head of the People's Bank of China, Zhou Xiaochuan, was quoted as saying in the official Shanghai Securities News.

The central bank governor also said he does not know of any plan to buy oil using China's foreign exchange reserves, according to the newspaper.

"(China) has no plan to sell off the dollar assets, neither (have I) heard of plan to buy oil using the foreign exchange reserves," the newspaper quoted Zhou as saying.

Citing a source

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: