State Administration of Foreign Exchange information
Chinese State-owned Agency
State Administration of Foreign Exchange (SAFE)
国家外汇管理局 Guójiā wàihuì guǎnlǐ jú
Agency overview
Formed
1978
Jurisdiction
China
Headquarters
Beijing
Agency executive
Zhu Hexin [zh]
Parent agency
People's Bank of China
Website
SAFE.gov.cn
State Administration of Foreign Exchange
Traditional Chinese
國家外匯管理局
Simplified Chinese
国家外汇管理局
Transcriptions
Standard Mandarin
Hanyu Pinyin
Guójiā wàihuì guǎnlǐ jú
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which at the end of December 2016 stood at $3.01 trillion for the People's Bank of China. The current director is Zhu Hexin.
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