Economy

    SAFE: Europe is still a key investment market

    By Xiao Xin (China Daily)
    Updated: 2010-07-07 09:07
    Large Medium Small

    SAFE: Europe is still a key investment market

    A pedestrian walks through the entrance of the State Administration of Foreign Exchange. [Nan Shan / for China Daily]

    BEIJING - Europe would remain one of the major markets for China's more than $2.4 trillion foreign exchange reserves despite the continent's sovereign debt woes, the country's foreign exchange regulator said on Tuesday.

    "Europe was, is, and will be one of the major investment markets for China's foreign exchange reserves," the State Administration of Foreign Exchange (SAFE) said in a statement.

    The regulator remained confident that Europe will overcome its current financial difficulties, the statement said. "We support the series of financial stability measures taken by the European Union and the International Monetary Fund," it said.

    Europe is part of SAFE's investment portfolio because it adopts a diversified investment strategy, which ensures stable returns.

    Related readings:
    SAFE: Europe is still a key investment market China will not target huge forex reserves or long-term payment surplus
    SAFE: Europe is still a key investment market Europe still key investment market, says forex regulator
    SAFE: Europe is still a key investment market China's forex reserves rise to $2.45t
    SAFE: Europe is still a key investment market 
    China eases FX rules for banks to venture abroad

    China has kept its foreign exchange reserve assets "generally safe" during the global financial crisis. "We have had quite good returns in 2008 and 2009, when the crisis was hitting (the global economy) the hardest," the statement said.

    Book gains from rising asset prices have far outweighed valuation losses caused by the appreciation of the yuan, the agency said.

    None of China's foreign exchange reserves were invested in high-risk assets such as the US subprime mortgage-backed bonds, which helped ensure the safety of its investment security, the SAFE said.

    "China's foreign exchange reserves withstood the severe test of the global financial crisis," it said.

    US mortgage finance giants Fannie Mae and Freddie Mac were taken over by the US government during the financial crisis and delisted from the New York Stock Exchange last month. Since then there had been criticism that China's investment in them was unwise.

    But SAFE said its investments in bonds of the two companies have not been affected. "The reserves have not been invested in stocks of Fannie Mae and Freddie Mac and the interest and principal repayment of their bonds are proceeding normally; prices are stable," it said.

    "We will closely monitor developments regarding them to safeguard the security of foreign exchange reserve assets," said the SAFE statement.

    无码人妻精品一区二区三区99性| 影音先锋中文无码一区| 制服在线无码专区| 国产亚洲精品无码拍拍拍色欲| 中文字幕人成乱码在线观看| 精品无码综合一区| 色噜噜综合亚洲av中文无码| 久久久久亚洲AV无码观看| 制服丝袜中文字幕在线| 99久久无码一区人妻| 无码人妻品一区二区三区精99| 制服丝袜日韩中文字幕在线| 性色欲网站人妻丰满中文久久不卡| 久久亚洲av无码精品浪潮| 人妻无码视频一区二区三区 | 欧洲人妻丰满av无码久久不卡| 亚洲AV无码一区二区三区牛牛| 西西4444www大胆无码| 无码视频一区二区三区在线观看| 无码任你躁久久久久久老妇App | 狠狠躁天天躁无码中文字幕 | 国产V亚洲V天堂无码| 无码人妻AV一二区二区三区| 中文字幕AV中文字无码亚| 最近中文字幕大全2019| 精品久久久无码中文字幕| 精品久久久久久无码中文字幕一区| 亚洲人成无码网WWW| 黑人无码精品又粗又大又长| 精品国产毛片一区二区无码| 国产V片在线播放免费无码| 变态SM天堂无码专区| 国产a级理论片无码老男人| 超清无码一区二区三区| 好硬~好爽~别进去~动态图, 69式真人无码视频免 | 天堂中文8资源在线8| 在线免费中文字幕| 中文在线最新版天堂8| 久久久久久无码国产精品中文字幕 | 午夜无码中文字幕在线播放| 五月婷婷在线中文字幕观看|