PBOC's Wu says FX reserves to be used vigorously

A new state investment company in charge of investing China's vast foreign exchange reserves will be established, said Wu Xiaoling, vice governor of the People's Bank of China on Monday 5 March.

Wu said preparations for the new company has just started, the exact date for its founding depends on the preparatory progress and the way it operates is yet to be studied.

She said the China Central Huijin Investment Co. will be a component department under the new company, but the role it plays is un

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