SAFE Unit Played Stabilization Role in Chinese Equities
Posted on 04/04/2016
China’s State Administration of Foreign Exchange (SAFE) had provided a level of market support when it used vehicles to invest in mainland China’s A-share market. Formed in 2014, Wutongshu Investment Platform Co Ltd. is owned by SAFE. Wutongshu purchased shares in a number of “blue chip” Chinese companies such as of Bank of Communications Co, […]
- Asia
- Central Banking
- China
- China Development Bank
- China Investment Corporation
- Peoples Bank of China
- SAFE Investment Company
