On January 2, 2014, governor of the People's Bank of China (PBC), Zhou Xiaochuan, accompanied by Hu Xiaolian, deputy governor of the PBC, and Yi Gang, deputy governor of the PBC and administrator of the State Administration of Foreign Exchange (SAFE), paid a visit to the SAFE Central Foreign Exchange Business Center to call on officials devoted to administering foreign exchange reserves.
On behalf of the Chinese Communist Party Committee of the Zhou Xiaochuan expressed his concern and care for all officials devoted to administering foreign exchange reserves and confirmed their achievements in 2013. As Zhou put it, in the complex global economic and financial situations in 2013, officials administering the foreign exchange reserves revealed an enormous sense of mission and accountability by carrying out the Chinese Communist Party’s mass line in educational practice and they conscientiously performed their responsibilities, thus ensuring the security, liquidity, and preservation and increases in the value of foreign exchange reserves assets, and making administration of foreign exchange reserves more regulated, professional, and globalized.
According to Zhou, over the past several years, SAFE officials have been very low-key, down-to-earth, dedicated, and hardworking in terms of administering foreign exchange reserves and they have steadily strengthened their administration and management skills, have made new achievements in innovative uses of foreign exchange reserves, and have continuously improved risk controls and internal operations, thus ensuring the efficient management and use of foreign exchange reserves and making significant contributions to accomplishing China’s reform and development objectives as well as its China's economic and financial security.
As Zhou emphasized, because the year 2014 marks the first year to implement the spirit of the Third Plenary Session of the 18th CPC Central Committee and to deepen the reforms in an all-round way, officials devoted to administration of foreign exchange reserves must rigorously implement the spirit of the 18th National Congress of the CPC, the Third Plenary Session of the 18th CPC Central Committee, and the Central Economic Work Conference, further strengthening their sense of mission and accountability, enhancing their confidence and cohesion, and working assiduously, despite the difficulties, to push ahead with the administration of foreign exchange reserves and to make foreign exchange reserves better serve the real economy and the reforms, thereby contributing to fulfillment of the Chinese dream of revitalizing the nation.
