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CN SAFE: CN Foreign Exchange Reserves Scale Remains at US$3T+ w/ 40+ Tradable Currencies on Mkt
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The State Administrative of Foreign Exchange of China(SAFE) continued to promote the reform and opening up of the foreign exchange sector, which provided strong support for the high quality development of the economy and is mainly manifested in 5 aspects, Li Hongyan, deputy head of the SAFE, said. Of which, the depth and breadth of the foreign exchange market continued to expand. At present, China's foreign exchange market can be traded in over 40 currencies, and the trading varieties have also covered the international mainstream foreign exchange products. In addition, the operation and management of the foreign exchange reserve with Chinese characteristics became more sound. In recent years, the scale of China's foreign exchange reserves remained at above US$3 trillion, ranking first in the world for 19 consecutive years. AAStocks Financial News |
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