Asia Plans to Double Reserve Pool
Policymakers in Asia are laying the groundwork to double the region's own reserve pool to $240 billion as a hedge against financial shocks.
China Encourages Capital Inflows through Expedited QFII
China has broadened approvals for its Qualified Foreign Institutional Investor program since October, reversing a previous approval freeze that held investors at bay from May to October; according official data that were released Thursday.
China to Kick Off $300 Billion Investment Vehicle for FX
China is on the verge of launching a new $300 billion investment vehicle that would boost returns on foreign exchange reserves by setting up funds targeting the U.S. and Europe.
China Pushes U.S. to Resolve Debt Ceiling Dispute
China's currency regulator on Wednesday urged the U.S. to take steps to keep confidence in the dollar and avoid default. The message, posted on the regulator's website, was a response to questions about whether Beijing would be unloading Treasuries in the event of a downgrade of U.S. Treasuries.