China announces no change in FX reserve policy

Chinese assistant central bank governor Ma Delun said China had made no changes to the way it manages its FX reserves since revaluing the Yuan in July. He added that this move had not prompted China to sell U.S. Treasury bonds. He also added that China would not, in the future, be looking to sell Treasures. Mr Delun said that the guiding principles of China’s FX management remained unchanged. These are first security, Second liquidity and third the possibility of making money.