Sunday, 28 June 2009

BIS-China's Zhou says forex reserve policy stable

BASEL, Switzerland, June 28 (Reuters) - China has always maintained a stable foreign exchange reserves policy and there are no changes to its goal of trying to ensure safe returns, its central bank governor said on Sunday.

Speaking on the sidelines of an annual gathering at the Bank for International Settlements, Zhou Xiaochuan said:

"Our foreign exchange reserve policy is always quite stable and consistent, that is to say for the purpose of liquidity and safety and the returns."

"So I think you should realise that it is very stable. There aren't any sudden changes," he told reporters. (Reporting by Tamora Vidaillet; Editing by Ruth Pitchford)

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