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China's central bank is considering setting up new investment funds to diversify holdings in the country's swelling foreign exchange reserves, the world's largest stockpile, local media reported on Monday.
The proposed funds include one or more to invest a part of China's foreign reserves in energy and precious metal markets and another that could intervene in foreign exchange markets, the New Century Weekly said, citing sources close to the central bank.
The report left many questions unanswered, including the size of any such fund and the timing of their possible launch.