Asian central bank FX reserves not properly recognised by rating agencies, says Sheng

andrew-sheng

The size of foreign currency assets held by emerging Asian central banks relative to their advanced market peers is not fully recognised in the sovereign ratings given by rating agencies, according to Andrew Sheng, president of the Fung Global Institute and adviser to the China Banking Regulatory Commission.

Sheng, also previously chairman of Hong Kong's Securities and Exchange Commission, was describing the continuing imbalances in the global economy, and highlighted the wildly differing

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