The foreign exchange reserves are still growing. Some people are concerned that the amount of U.S. dollar assets in the reserves will fall. But that's not the case.
More Quotes from Zhou Xiaochuan:
We should find a balance between opening the market and (national) security issues not every financial sector is sensitive.Zhou Xiaochuan
The listing of the four big state-owned commercial banks is up to them. The reform on the Agriculture Bank of China is also underway and will not be rushed.
Zhou Xiaochuan
Global trade, settlements and reserve assets are heavily reliant on a single currency. The fund should give priority to establishing a surveillance and check-balance mechanism of the major reserve currency countries.
Zhou Xiaochuan
The currencies in the basket depend on the amount of foreign trade we conduct. The U.S., euro zone, Japan and South Korea are our biggest trading partners now, ... Hence, their currencies are naturally the main ones in the basket.
Zhou Xiaochuan
instead of transferring various risks to the government, as they did under the fixed-exchange regime.
Zhou Xiaochuan
It will depend on how big an impact the case has on the bank's overall strength.
Zhou Xiaochuan
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