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China to keep tweaking make-up of its FX reserves

Published 07/02/2010, 04:58 AM
Updated 07/02/2010, 05:04 AM

BEIJING, July 2 (Reuters) - China will continuously adjust the currency composition of its official foreign exchange reserves, the State Administration of Foreign Exchange said on Friday.

SAFE said its $2.45 trillion in reserves was invested in the dollar, yen, euro and currencies of unnamed emerging markets.

The sheer size of those reserves, the world's largest stockpile, meant China had to be prudent in disclosing information about its portfolio lest it trigger waves in global markets, SAFE said on its website, www.safe.gov.cn (Reporting by Zhou Xin and Langi Chiang; Editing by Alan Wheatley)

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