SAFE Investment Company

China US$ 567.9 Billion
Established: 1997
Transparency Rating: 4
View Sovereign Fund Transaction Data
View Asset Allocation
Origin: Non-Commodity
Firm Investment Style: Index – Passive
Entity Structure: Company
Population Est.: 1.354 billion – 2012
Wealth Per Capita Est.: $420
SAFE Investment Company

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 Hong Kong subsidiary opened in 1997 with US$ 20 billion in capital. The SAFE Investment Company is organized as a privately held firm; however, SAFE officials serve on its board.

Background
The government of China created the State Administration of Foreign Exchange (SAFE) in 1955. It is a subsidiary of the People’s Bank of China. The SAFE Investment Center runs the SAFE Investment Company along with other investment entities

The investment company created as another avenue to manage China’s foreign exchange reserves.

Strategy & Objectives

SWF Asset Allocation

Direct Investments

Equity Managers

Key Executives and People


Main Office
Huarong Plaza
No. 18 in Fucheng Road
Haidian District
Beijing, 100048
China
Tel: +86 (10) 6840 2265

Other Offices[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Governance
The entity operates under China’s State Administration of Foreign Exchange.

Sovereign Wealth Enterprises

These sovereign wealth enterprises are under China’s State Administration of Foreign Exchange (SAFE).[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Estimating the Size

End of Year 2005 2004 2007 2008 2009 2010
Direct investment abroad (1) 645 906 1160 1857 2458 3108
Portfolio investment (2) 1167 2652 2846 2525 2428 2571
Equity securities 0 15 196 214 546 630
Debt securities 1167 2637 2650 2311 1882 1941
Total (Rows 1 + 2) 1812 3558 4006 4382 4886 5679

Updated July 20, 2011 – USD Millions – Source: SAFE

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