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China denies two of its best-kept forex backup secrets @ Forex Factory



From scmp.com

Beijing first announces its return on investment in its foreign exchange reserves and the share of US dollar-denominated assets in stocks. China's foreign exchange reserves generated an average annual return of 3.68% from 2005 to 2014, according to an annual report for 2018 published by the State Administration of Currency (Safe) on Sunday. The Agency did not provide any newer data. By the end of 2014, US dollar assets account for 58% of China's total foreign exchange reserves, down from 79% in 2005, the administration said, adding that the share of US dollar assets is ( full story )


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