(Yicai Global) July 29 -- China's foreign exchange reserves, the world's largest, earned a 3.68 percent return on investment in the 10 years through 2014, the country's forex market regulator said in an unprecedented release of information.
The ROI compares well with other global forex reserve management institutions, the State Administration of Foreign Exchange said in a report yesterday, having followed an investment strategy of "safe, mobile, value-preserving and value-added."
Since the end of 2017, China's forex reserves have been stable at around USD3 trillion, public data show. At the end of last year, they fell 2 percent to USD3.07 trillion from the previous year.
The core functions of China's forex reserves are to maintain the balance of payments, exchange rate stability, and national financial security, Wang Chunying, spokesperson for SAFE, said in the announcement.
The People's Bank of China increased its gold reserves recently, as the SAFE adjusted its international reserve configuration "from a long-term and strategic perspective" intended to guarantee the safety, liquidity and value of its holdings.
China held 1,852 tons of gold at the end of last year, according to public data. The tally had risen 4 percent to about 1,926 tons by the end of June.
Editor: Emmi Laine