PBOC Plans to Add 4000 Tonnes of Gold Reserves, Diversify the Risk of High Foreign Exchange Reserves - Dayu Aimei Forum

by uuimei on 2008-11-20 11:17:08

Because the proportion of dollar assets in our foreign exchange reserves has been very high, since the outbreak of the financial crisis, the risk issues exposed by excessively high foreign reserves have been frequently questioned. The other day, it was reported that, in view of the uncertainties in the financial market, the People's Bank of China is considering increasing its gold reserve by 4000 tons, which seems to be an attempt to diversify investment risks.