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China’s foreign assets and other reserves rose 19% last year, with the gain led by a jump in Chinese holdings of gold, according to data released Monday.The government’s holdings of overseas financial assets climbed to $4.126 trillion in 2010, according to the State Administration of Foreign Exchange.
The figure included reserve assets of $2.914 trillion, investments in securities, direct investments and gold, SAFE said in the statement.
The foreign-exchange regulator said China’s gold holdings totalled $48.1 billion, rising nearly 30% for the year, SAFE said.
Holdings of securities totaled $257.1 billion, while direct investments totaled $310.8 billion, rising 5.8% and 26.4%, respectively, from a year earlier, SAFE said. -MarketWatch