ecns [expanded by feedex.net]: China sets up office on trusted loans of forex reserves

ecns [expanded by feedex.net]

ecns

China sets up office on trusted loans of forex reserves
http://www.ecns.cn/business/2013/01-14/45266.shtml
Jan 14th 2013, 07:37

















2013-01-14 16:37 Xinhua     Web Editor: Gu Liping
comment


China's central bank and foreign exchange regulator announced Monday the setting up of an office in charge of handling trusted loans of the country's foreign exchange reserves.


The office, named SAFE Co-Financing, will be an important part of innovating the use of the foreign exchange reserves to avoid value contraction, according to the State Administration of Foreign Exchange (SAFE).












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