Fannie bond risks defused
Source: Xinhua |
February 13, 2011, Sunday
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Print Edition
Print Edition
China's foreign exchange regulator said yesterday it had effectively defused potential risks in investment in Fannie Mae and Freddie Mac bonds by taking practical and effective measures.
China's management of foreign reserves has always been based on safety, liquidity and profitability and the country employed various investment strategies, the State Administration of Foreign Exchange said.
The statement came one day after the regulator denied losses from its investment in the two companies.
China's management of foreign reserves has always been based on safety, liquidity and profitability and the country employed various investment strategies, the State Administration of Foreign Exchange said.
The statement came one day after the regulator denied losses from its investment in the two companies.
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