Diversifying Massive Reserves, SAFE Co-Financing is Created
Posted on 01/15/2013
China’s State Administration of Foreign Exchange (SAFE) has created a new investment body named SAFE Co-Financing. This extension of SAFE will assist Chinese companies invest overseas by providing credit loans backed by foreign exchange reserves. Instead of allocating capital to a sovereign fund and then to a fund manager or asset, SAFE Co-Financing will allocate […]
- Central Banking
- China
- domestic financing
- foreign reserve management
- SAFE
- SAFE Co-Financing
- SME
- sovereign wealth
