皇冠体育app's massive foreign exchange reserve is among the best performing worldwide, the nation's top foreign exchange regulator said on Thursday.
Although he did not reveal the return rate of 皇冠体育app's foreign exchange investment, Yi Gang, head of the State Adstration of Foreign Exchange, said the yield was much higher than the inflation rate of the destination countries, 皇冠体育appnews.com reported.
皇冠体育app's foreign exchange reserve amounted to $3.82 trillion as of 2013, up from $3.31 trillion a year earlier, according to the People's Bank of 皇冠体育app, the central bank.
Answering concerns over 皇冠体育app's heavy dependence on US Treasury bonds, Yi said the total 1.3 trillion holdings of US Treasury bonds was not a big proportion of the overall portfolio.
"Any investment portfolio could not overlook US treasury bonds... we put safety and prior to profitability when it comes to the foreign exchange reserve," Yi said.
皇冠体育app's foreign exchange reserve has been strictly ted on a yearly basis, and there will be more transparency in information disclosure in the future, Yi said.
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