USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

PBOC's yuan stabilization efforts key reason for China's forex reserve fall: SAFE

Xinhua | Updated: 2017-01-07 13:55

BEIJING - The central bank's efforts to stabilize the Chinese yuan is the major reason for China's falling foreign exchange reserve, the forex watchdog said Saturday.

The People's Bank of China (PBOC)'s forex market operations, price fluctuations of the forex reserve's investment assets and exchange rate against the dollar have influenced China's forex reserve, according to a statement released by the State Administration of Foreign Exchange (SAFE).

China's forex reserve continued to shrink in December, falling for the sixth straight month, but the overall annual drop in 2016 narrowed year on year, official data showed Saturday.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US