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China Directs State Banks to Reduce US Treasury Holdings Amid BRICS Strategy Shift
China Directs State Banks to Reduce US Treasury Holdings Amid BRICS Strategy Shift
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BTCCSquare news:
Chinese regulators have instructed state-run banks to curtail their exposure to US Treasuries, citing concentration risks and market volatility. The MOVE signals a strategic divergence within BRICS, as India pivots toward US trade ties while China reduces dollar-denominated assets.
Bloomberg reports Beijing's guidance targets $298 billion in foreign exchange reserves, though the Treasury allocation remains undisclosed. The People’s Bank of China and financial regulators appear to prioritize diversification over geopolitical posturing—a sentiment echoed by global fund managers rebalancing debt portfolios.
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