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China’s foreign exchange regulator disclosed the returns on investment of its FX reserves for the first time on July 28, as it aims to increase transparency and boost confidence in the country’s finance system.

FX reserves generated an annual average return of 3.68%, from 2005 to 2014, according to an annual report released by the State Administration of Foreign Exchange (Safe). It did not provide figures for the period between 2015 and 2018.

The report showed a declining ratio of US dollar

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