The UK becomes the second largest holder of US debt: the strategic adjustment in reducing US debt

Overseas media reported today (May 17th): "Latest news: The UK currently holds $77.9 billion of US Treasury bonds, surpassing China as the second largest foreign holder."

[Smart Comment]: Becoming the third largest holder is in line with our overall strategy of diversifying foreign exchange reserves. By reducing holdings of US Treasury bonds, we aim to mitigate geopolitical risks and enhance financial stability. This approach includes increasing investments in assets such as gold and other currencies, indicating a shift toward a more balanced reserve portfolio. In the past three years, we may have purchased the most gold.

Original article: https://www.toutiao.com/article/1832321419990023/

Disclaimer: This article solely represents the author's personal views.