Yining: Concern about the security of foreign exchange reserves to increase gold reserves

"Financial" comprehensive report, according to the Shanghai Securities Daily reported that the CPPCC Economic Committee deputy director Yining 8th at the second plenary meeting of the CPPCC four meetings to address the General Assembly, stressed that we should pay attention to the security of foreign exchange reserves. Yining said that at present, in the international economy is still volatile situation, to prevent the continued depreciation of China's foreign exchange reserves is a matter of concern.　　Theoretically, the devaluation of foreign currency affects the security of foreign exchange reserves, while the depreciation of some foreign currency may be the result of domestic economic fluctuations. Yining put forward six suggestions: first, optimize the structure of foreign exchange reserves. According to the actual situation, timely adjustment, overall consideration. Secondly, to increase the gold reserves appropriately. Third, we can use foreign exchange assets that can be quickly realizable as reserves. Choose high quality foreign exchange assets such as land, mines, forests and good performance listed companies. Four, use foreign exchange reserve as foreign funds. The key to using a living foreign exchange reserve is how to use it. One is to encourage domestic enterprises to go out, the second is to increase the import of advanced machinery and equipment, shortages of raw materials and fuel, the third is to establish overseas investment funds.　　We should pay equal attention to the importance of "hiding in the country" and "hiding in the people". The overall scale of China's foreign exchange reserves surpassed Japan for the first time at the end of February 2006.