Chinese Government Contemplates New Agency to Help Manage FX Reserves
Posted on 08/07/2013
How does one efficiently manage US$ 3.5 trillion in foreign exchange reserves? People’s Bank of China (PBOC) Governor Zhou Xiaochuan assigned a division of China’s State Administration of Foreign Exchange (SAFE) to analyze the feasibility of creating a new agency to help manage China’s gargantuan pool of reserves. This would be in addition to the […]
