SAFE Investment Company
|China||US$ 567.9 Billion||Origin: Non-Commodity|
Transparency Rating: 4
View Sovereign Fund Transaction Data
|Firm Investment Style: Index – Passive
Entity Structure: Company
Population Est.: 1.354 billion – 2012
Wealth Per Capita Est.: $420
Other Offices[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
The entity operates under China’s State Administration of Foreign Exchange.
The State Administration of Foreign Exchange (SAFE) is responsible for managing China’s foreign exchange reserves. SAFE has a subsidiary in Hong Kong called the SAFE Investment Company which has made purchases in foreign equity investments. The Hong Kong subsidiary opened in 1997 with US$ 20 billion in capital. The SAFE Investment Company is organized as a privately held firm; however, SAFE officials serve on its board.
Background on SAFE Investment Company
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 was created as an alternative avenue to manage China’s foreign exchange reserves.
China – Total Reserves including Gold
Source: Government of China – Billions USD, Annual Series
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
Updated July 20, 2011 – USD Millions – Source: SAFE