2nd UPDATE: China: To Keep Way Of Managing Forex Reserves

By Terence Poon and Li Liu

Of DOW JONES NEWSWIRES

BEIJING (Dow Jones)--China on Friday sought to reassure the outside world it is taking a conservative approach to managing its massive foreign-exchange reserves, with the government saying it hasn't made big changes to its strategy and the U.S. dollar remains a central asset.

China holds the world's biggest reserves of foreign currency--US$2.27 trillion at the end of September--and so is under intense scrutiny from both global investors concerned about its moves in financial markets and Chinese citizens worried about their nation's wealth