Strengthening the Management of China's Foreign Exchange Reserves
China Forex: What progress was made in the management of China's foreign exchange reserves in 2017?
Li Hongyan: At the end of 2017，China’s foreign exchange reserves stood at US$3.1399 trillion，up US$129.4 billion or 4.3% over a year earlier. Over the course of the year，foreign exchange reserves climbed every month year on year after January's decline to US$2.9982 trillion. In 2017，China’s overall macroeconomic performance remained stable as a whole and that helped create more balanced cross-border capital flows. That allowed the steady improvement in the nation's foreign exchange reserves.
The year was an important one for the implementation of the 13th Five-Year Plan and a deepening of supply-side structural reforms. Facing the complicated reform tasks and the complex economic and financial situation both at home and abroad，under the correct leadership of the Communist Party of China's Central Committee and the State Council，the Investment Center of State Administration of Foreign Exchange pushed ahead with policies that embraced the spirit of the 19th National Congress of the Communist Party，the Central Economic Work Conference and the National Financial Work Conference. It closely followed the guidelines of serving the real economy，preventing and controlling financial risks，deepening the key tasks of financial reform，steadily promoting all aspects of operation and management，guaranteeing the safety，liquidity and appreciation of assets，and making new and important contributions to serving the national development strategy and ensuring economic and financial security.
China Forex: What is the plan for managing foreign exchange reserves in 2018?
Li Hongyan: 2018 marks the first year of implementing the spirit of the Communist Party's 19th National Congress and the 40th anniversary of the reform and opening up program. This is a crucial year for building a prosperous society and implementing the 13th Five-Year Plan. The task ahead of us is an arduous one and our responsibilities are great.
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