State Administration of Foreign Exchange

The State Administration of Foreign Exchange of the People's Republic of China is agency that controls foreign exchange market activities, and manages Chinese foreign exchange reserves valued at $3.2 trillion. The current director is Yi Gang.

Role
SAFE's was kept in secret from world and its actions were often anonymous. In last decade the agency became so big it it had to come out from hiding and open up for media. SAFE is making a lot of investing on forex and commodity market. The head office is located in Bejing and it is closely connected to ruling party.Jamil Anderlini, China investment arm emerges from shadows, Financial Times, 5 January 2008

References

Category:Agencies
Category:1978 establishments in Asia
Category:20th-century establishments in China
Category:Organizations based in the People's Republic of China