China Increased Its Holdings Of US Treasury Bonds In January By US $7 Billion 600 Million.

　　 US finance Data released yesterday night showed that as of January 2012, China held US Treasuries totaling 1 trillion and 159 billion 500 million US dollars, an increase of 7 billion 600 million US dollars from 1 trillion and 151 billion 900 million US dollars at the end of 12 last year. The increase in January broke the reduction of US debt for half a year.

Since last July, China's US debt investment has been on the decline. In 2011, 7 US dollars were cut from US $163 billion, compared with 59 billion 400 million US dollars last year.

In this regard, the Ministry of Commerce International Trade and economic cooperation research fellow Mei Xin Yu It is pointed out that some of the small holdings may come from last year's holdings of US debt investment earnings, not necessarily how much new US debt investment has been added.

The Treasury Department's holdings of US debt data can reflect the changes in the position of China's foreign exchange reserve management to a certain extent. However, because the data includes the total amount of three parts held by the government, enterprises and residents, the industry generally believes that this does not fully reflect the changes in official holdings of US debt.

On the other hand, with the improvement of China's balance of payments in recent years, it is widely believed that the pressure of maintaining the value of foreign reserves has eased.

The central bank statistics show that at the end of last year, China had a total foreign exchange reserves of US $31811 trillion and 480 billion, up 8.5% from 2 trillion and 931 billion 674 million US dollars at the beginning of last year. But data also show that since last October, foreign exchange reserves have been declining for two consecutive months, with the year-end year-end decline of US $92 billion 600 million compared with October.

However, Mei Xin Yu It is also pointed out that the growth of foreign exchange reserves this year is not necessarily less than that of the previous years, because China's foreign direct investment will continue to maintain a relatively high growth rate, which will result in more investment returns than in previous years.

"However, the new increase in foreign exchange reserves will probably result in a lot less capital, which is mainly due to trade surpluses and capital inflows. They will be affected by the uncertainty of the world economy and decrease this year." Mei Xin Yu said, "of course, in general, the absolute amount of foreign exchange reserves will still maintain a relatively rapid growth."

Under this situation, the foreign exchange administration has not slowed down the pace of diversification of foreign exchange reserves. In recent days, Yi Gang, director of the State Administration of foreign exchange, said that China's investment in foreign exchange reserves has always adhered to diversified currencies and asset allocation. "Since the European debt crisis, we have not changed the principle of allocation, continue to adhere to the diversified configuration, continue to invest in the European market, the euro market." Yi Gang said.

At the end of last year, the Bank of Japan's data also showed that China bought 541 billion 400 million yen of Japanese bonds last year.