This is becoming even more important as we strive to deal more effectively with the complex challenges we face today and respond to the evident unequal effects of the pandemic. It is in times of change and uncertainty when qualities such as resilience and innovative thinking are essential, and the value of diversity of background, thought and experience are all the more important.
China has transferred funds from its international reserves, held with the Peoples’ Bank of China (PBC) to a new company, Central Huijin Investment Company (CHIC), set up in 2003 and jointly managed by the government, PBC and the State Administration of Foreign Exchange. In the PBC's balance sheet, the said amount of reserves was replaced by claims on the CHIC.