The Optimization Of China Management Model Of Foreign Exchange Reserves

China present management model of foreign exchange reserves is take Central Bank as the leadership, National Foreign Exchange Bureau and the special organization carries on the concrete operations, such management model exposes some problems at a time when our country is having RMB appreciation and the shrinkage of the value of the foreign exchange reserves. The problems expressed in the form of a single form of foreign exchange reserves, is not conducive to the implementation of monetary policy, not to optimize the portfolio perfect, the low rate of investment income and so, therefore, optimization of management model of foreign exchange reserves is imperative.This article systematically expounds the management model of foreign exchange reserves of Japan,Korea,Norway and Singapore, including introduction of the functions, its activities of the management of foreign exchange reserves and investment. It deeply analyses the institutional background of the management model. It makes constructive suggestions such as establishing tiered management system of foreign exchange reserves, establishing the Foreign Exchange Equalization Fund,diversifying investment channels, improving relevant laws, increasing the holding of the foreign exchange reserves by residents, reforming mandatory exchange settlement and sales increasing the floating range of RMB exchange rate and so on.