China's Foreign Exchange Reserves, Sovereign Wealth Funds and "Going Out" Cause-New Exploration on Use of China's Foreign Exchange Reserves and SWFs to Investment Abroad

China's foreign exchange reserves has been the No.1 for 9 years in the world, astronomical reserves has far more than its original function and role, and its negative effect is obvious: increase the rate of inflation, the dollar bonds too much increase the risk of depreciation, RMB appreciation pressure increases, the only sovereign wealth company has many problems. It is good time for overseas investment or invests abroad. Has signed and promised many foreign economic cooperation projects by central government such as building "one route and one zone", that is "silk road" of land and maritime and other infrastructure construction projects, need a lot of financial support. To solve the problem of the contradiction, must reduce the country's foreign exchange reserves, a lot to hide sinks in people, should through multiple national special bonds, conversion of the excessive and low efficiency of operation of foreign exchange reserves to overseas investment capital, to build a few more similar CIC; Increase the National Import and Export Bank capital, convert the loan direction to overseas investment; Increasing foreign exchange loans of the enterprises; Similar fmancial institution's function, such as Asian Infrastructure Investment Bank should do innovation, strengthen supervision, the responsibility and right all unified, to convert more foreign currency reserves, for the great strategy of "going out".