China fears depreciation of $2.45 trillion of reserves still heavy in dollars

``The Chinese Government holds the largest stockpile of currency reserves at $2.45 trillion (£1.59 trillion), with 65pc held in dollars, 26pc in euros, 5pc in pounds, and 3pc in yen. The report was published in official newspaper the China Securities Journal and confirmed analysts' estimates that about two-thirds of the reserves are invested in dollars. Until now the allocation of China's foreign exchange reserves was considered a state secret. ''