State Administration of Foreign Exchange

State Administratiun of Foreign Exchange (Safe) is a sovereign wealth fund based in Beijing, China. Established in 1978, Safe is a deputy-ministerial-level state administration. The institution provides foreign exchange reserves management services. Additionally, the fund offers foreign exchange administration laws and regulations drafting services. The assets of the firm are managed by the executive management team.State Administration of Foreign ExchangeAos investment portfolio is valued at $4.7 trillion with investments in equities and private equity.