China's banking leaders have said that major banks with

estimated foreign currency assets of up to $ 80 billion

would face the risk of losing money if the yuan continues
to rise.
Pang Xiusheng, chief financial officer of China
Construction Bank, said that banks holding US dollar
assets would be hurt by the yuan's continued appreciation.
. Mr. Zhu Min, an assistant to the president of the Bank of
China (BOC), said BOC would closely monitor the
exchange rate of the yuan and its impact on financial
management. BOC's foreign currency reserves are
considered to be the largest among domestic banks, a long
time of concern for stock investors, especially as the yuan
continues to rise. Under China's currency control policy,
banks are forced to buy large amounts of foreign currency
from exports, adding to the value of the dollar and other
foreign currency assets. Producers in the United States
argue that undervalued yuan makes Chinese goods
cheaper to US exports and more expensive US goods to
China, damaging the US labor market. Last July, China
raised the yuan by 2% against the dollar and quit the
policy against the dollar. Since then, the yuan has gained
3.7% against the dollar. Last week, the yuan rose sharply,
rising to 123 points on Wednesday. At that time, the
official exchange rate was 7.9703 yuan / USD. The report
by the China Banking Regulatory Commission said that
when the renminbi appreciates, though slowly, banks will
increasingly find buyers of foreign currencies to share
risks through currency exchange or Other financial
instruments.
2 China's banking leaders have said that major banks with
estimated foreign currency assets of up to $ 80 billion
would face the risk of losing money if the yuan continues
to rise.
Pang Xiusheng, chief financial officer of China
Construction Bank, said that banks holding US dollar
assets would be hurt by the yuan's continued appreciation.
.
Mr. Zhu Min, an assistant to the president of the Bank of
China (BOC), said BOC would closely monitor the
exchange rate of the yuan and its impact on financial
management.
BOC's foreign currency reserves are considered to be the
largest among domestic banks, a long time of concern for
stock investors, especially as the yuan continues to rise.
 Under China's currency control policy, banks are forced
to buy large amounts of foreign currency from exports,
adding to the value of the dollar and other foreign
currency assets.
Producers in the United States argue that undervalued
yuan makes Chinese goods cheaper to US exports and
more expensive US goods to China, damaging the US
labor market.
Last July, China raised the yuan by 2% against the dollar
and quit the policy against the dollar.
Since then, the yuan has gained 3.7% against the dollar.
Last week, the yuan rose sharply, rising to 123 points on
Wednesday. At that time, the official exchange rate was
7.9703 yuan / USD.
The report by the China Banking Regulatory Commission
said that when the renminbi appreciates, though slowly,
banks will increasingly find buyers of foreign currencies
to share risks through currency exchange or Other
financial instruments.
The leaders of China banking industry has said the country's largest bank with foreign
currency assets estimated at up to $ 80 billion will be faced with the risk of losses if the
yuan continues to appreciate.

Interview with Xinhua, Mr Pang Xiusheng, Chief Financial Officer of Bank of China
Construction said banks holding assets that the dollar will be great damage if the yuan
continues to rise as today .

Zhu Min, an assistant president of Bank of China (BOC) said BOC will closely monitor
the yuan exchange rate and its impact on the financial management activities.

Foreign currency reserve assets of BOC is considered to be the largest among domestic
banks, long a concern of investors' shares of the bank, especially if the yuan continues
to rise.

Under the control of the monetary policy of China, banks are forced to buy a large
amount of foreign currency earned from export activities, increase the value of the
dollar and trading assets in other currencies.

US manufacturers say the yuan is undervalued makes Chinese goods exported to the
US cheaper and US goods more expensive in China, causing damage to the US labor
market.
July last year, the Chinese renminbi has appreciated by 2% against the dollar and give
policy hard pinned against the dollar.

Since then, the yuan has risen 3.7% against the dollar. Last week, the yuan has risen
sharply, up to 123 points on Wednesday (16/8). Meanwhile the official exchange rate is
7.9703 yuan / dollar.

Report of the Executive Committee Bank of China said the yuan appreciation, albeit
slow, banks will be increasingly difficult to get people to buy foreign currency in order to
share the risk through active currency exchange or other financial instruments.