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Company Overview of State Administration of Foreign Exchange
State Administration of Foreign Exchange provides foreign exchange and balance of payments management services. The institution also designs and implements balance of payments statistical system. Additionally, it offers balance of payments analysis and foreign exchange market policy drafting and transactions monitoring services. The institution also provides foreign exchange reserves management services. Additionally, it offers foreign exchange administration laws and regulations drafting services. State Administration of Foreign Exchange is based in Beijing, China.
No.18 Fucheng Road
Key Executives for State Administration of Foreign Exchange
Compensation as of Fiscal Year 2014.
State Administration of Foreign Exchange Key Developments
SAFE Reportedly Seeks To Acquire Beaugrenelle Shopping Center
Oct 15 13
State Administration of Foreign Exchange (SAFE) is seeking to acquire Beaugrenelle shopping center in Paris from Gecina SA (ENXTPA:GFC) and APSYS Group. The approximate value of the potential acquisition is at least €700 million. The other four potential bidders are Altarea SCA (ENXTPA:ALTA), Hammerson plc (LSE:HMSO), Rockspring Property Investment Managers LLP and Union Investment Corp. p.l.c. (ASE:UINV), according to the report. One person with knowledge of the deal was quoted by Le Figaro as saying that SAFE has a good chance to win the bid, as the other candidates will find it difficult to convince their shareholders to pay more than €700 million with a yield of less than 4.5%. Gecina and APSYS declined to comment when contacted by China Daily. No comment was available from SAFE either.
State Administration of Foreign Exchange Presents at The China Global Investment Summit: Hangzhou, Oct-16-2013 10:10 AM
Sep 20 13
State Administration of Foreign Exchange Presents at The China Global Investment Summit: Hangzhou, Oct-16-2013 10:10 AM. Venue: Hyatt Regency Hangzhou, 28 Hu Bin Road, Hangzhou 310006, Zhejiang Province, China. Speakers: ZHANG Jianhua, President.
State Administration of Foreign Exchange Establishes an Investment Operation in the New York City
May 23 13
China's foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), has established an investment operation in the New York city. The New York operation will have the responsibility of investment in real estate, private equity as well as other U.S. assets. The new operation has nearly 12 staffers and officials met with Wall Street banks on prospective investment opportunities, but it wasn't clear if any deals have been signed until now. Furthermore, the new operation has also not been apportioned a fixed amount of money to invest but it gets funds from the exchange on a deal-by-deal basis. The Chinese currency reserve regulatory body has another office in the U.S. which primarily focuses on government debt purchases. This move comes as SAFE, which oversees the stockpile of foreign-exchange holdings, accelerates diversification away from U.S. government debt.
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