SAFE Investment Company
Country: China
Established: 1997
US$ Billion: $311.6; Hard to estimate, and the size can grow as it can shift funds from SAFE
Origin: Non-commodity
Transparency Rating: 2
Summary:
The State Administration of Foreign Exchange (SAFE) is responsible for managing China's foreign exchange reserves. SAFE has a subsidiary in Hong Kong called the SAFE Investment Company which has made purchases in foreign equity investments. The SAFE Investment Company is organized as a privately held firm; however, SAFE officials serve on its board.
At year end of 2006, the SAFE held around $1.5 billion in foreign securities and $227.8 billion in foreign debt securities. This totals $229.2 billion dollars in SAFE’s foreign investment portfolio ending year 2006. In addition, another $82.4 billion is invested directly abroad which would bring the total to $311.6 billion in foreign non-reserve assets.
Strategy & Objectives:
News and Updates
4/10/2008
Total CEO: Chinese sovereign fund, SAFE holds around 1.3 percent
Dow Jones writes that, “Total SA Chief Executive Christophe de Margerie Thursday said the stake taken in the company by a Chinese sovereign fund is around 1.3%.” Is SAFE trying to establish itself as a sovereign investor?
read more: Dow Jones
Location
China
Websites
State Administration of Foreign Exchange
Major Direct Foreign Investments (Public)
| Company |
Country |
Industry |
% Ownership |
Comments |
| Total |
France |
Oil |
~1.3% |
|
| BP |
United Kingdom |
Oil |
~1% |
|
|
Major Direct Foreign Investments (Private)
| Company |
Country |
Type |
% Ownership |
Comments |
|
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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