Forex reserves set to pass US$1tn

China's foreign currency reserves are expected to reach the US$1 trillion mark at some point during September or October, Reuters reported, citing state media. "China's forex reserve is growing at a pace of US$20 billion a month with the increasing foreign investment and trade surplus," Fan Gang, who takes an academic seat on the monetary policy committee, told the Securities Times. Fan noted that it wasn't certain the yuan would appreciate in value due to the large forex reserves and suggested that regulators monitor foreign investments into China as closely as they do capital leaving the country.