Yi Gang: China's foreign exchange reserves have grown rapidly to the point where it is the largest in the world today. We have been diversifying our foreign exchange reserves.
In terms of currencies, China holds foreign exchange reserves in a currency basket, including major convertible currencies, reserve currencies and emerging market currencies. In terms of the varieties of assets, only if the assets conform to the requirements of safety, liquidity and rate of return, will China consider investing with strict requirements meant to prevent risks.
China will consider U.S. treasury bonds, gold and other kinds of reserves to diversify its foreign exchange reserves, but the investment will be made prudently after measuring the safety, market prospect and rate of return of various assets.
Such a diversified composition has actually ensured the safety and stable returns of our foreign exchange reserve assets.