Q: Recent media reports say China is considering stopping buying or buying less US treasury bonds. Is this true?

A: We have noted it from some media reports. We believe this may be a citation from wrong sources or even false news.

China has always made investment with or managed foreign exchange reserves following the principle of diversification and fragmentation, in order to ensure the overall security, value preservation and growth of foreign exchange assets. Like other investments, investing in US treasury bonds with foreign exchange reserves is a market behavior that is subject to professional management based on market situations and investment needs. For both foreign exchange reserves and the market involved, China's foreign exchange reserves operation and management authorities are responsible investors, and their investing activities have boosted the stability of global financial markets and the value preservation and growth of China's foreign exchange reserves.