China finance official may head reserves body

China's vice-minister of finance is seen taking charge of the new body planned to manage part of China's massive foreign exchange reserves, the Financial Times reported Wednesday 14 February.

Lou Jiwei has been in discussions to take a position which could see him overseeing a 200 bln usd global investment fund, the FT said, citing advisers to the Chinese government.

However, the final form of the fund remains unsettled, and is unlikely to be finalized before the annual meeting of the National