By the end of June,2006,the balance of China's foreign exchange reserves has reached 941.115 billion US dollars and China is the economic body which owns biggest foreign exchange reserve.This paper firstly introduces the multiple-management systems for the foreign exchange reserves management in Singapore and Norway,then introduces the double-management system in U.S.and Japan,compares the management systems of the four countries,at last gives some recommendations about how to reform China's management system of foreign exchange reserves.