high-quality development of foreign exchange reserves supports...
title: high-quality development of foreign exchange reserves supports chinese modernization
china forex: could you start by explaining some general information on where the foreign exchange reserves administration is in 2023?
jiao haisong: china's foreign exchange reserves have consistently prioritized safety, liquidity, and value preservation and appreciation as operational objectives, with risk prevention taking precedence. operating on market-oriented principles, we have pursued diversified and decentralized investments. in 2023, amid a complex and challenging global environment, with major central bank policy interest rates reaching their 15-year highs and increased downward pressure on the global economy, international financial markets experienced intense volatility, posing formidable challenges for foreign exchange reserve investments.
