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State Administration of Foreign Exchange (China)

State Administration of Foreign Exchange (China)
The State Administration of Foreign Exchange (SAFE) is a prominent Beijing-based governmental body in China, operating as an administrative agency under the State Council and part of the People’s Bank of China. Its primary mission is to manage the nation’s vast foreign exchange reserves and regulate foreign exchange market activities. SAFE’s main areas of focus include drafting foreign exchange policies, supervising transactions, monitoring balance of payments, and promoting Renminbi convertibility. The institution is significant for its role in maintaining China’s financial stability, facilitating cross-border investment, and contributing to major initiatives like the Belt and Road.
Banking & finance

China’s new golden rule: dig deeper mines, boost reserves and hedge global risks

China Gold Association vows tech breakthroughs in deep mining and nanogold, and a state-owned miner seeks a fourfold increase in gold output from mineral deposits.

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China has logged a US$1 trillion trade surplus. Where is all that money going?

China expands ‘circle of friends’ as overseas investors boost domestic assets

With foreign capital helping to add US$3 trillion in value to Chinese equities in 2025, head of central bank affirms ‘self-determined’ monetary policy.

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