November 16, 2017 / 3:33 AM / a year ago

China should let finance ministry play key role in FX reserves management - finance official

BEIJING (Reuters) - China should let the country’s finance ministry play a key role in the management of its foreign exchange reserves, Huang Qifan, deputy chairman of the economic and finance committee under the National People’s Congress, said at a conference on Thursday.

Huang earlier said that China needs to reform its foreign exchange reserves system.

China’s foreign exchange reserves, the world’s largest, are managed by the central bank.

Reporting by Kevin Yao; Editing by Shri Navaratnam

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