摘要
China looks to be taking a new tack in managing its massive currency reserves： setting up a foreign-exchange management agency. On the sidelines of the annual session of the National People＇s Congress, Finance Minister Jin Renqing said that the government is looking to effectively manage the country＇s currency reserves -currently the largest in the world- by instituting a separate agency. Jin said that one reason for setting up the agency is that the government intends to draw a line between ownership and management of the money. Under China＇s current policy, the State Administration of Foreign Exchange controls and owns the huge store of foreign currency.
