What is State Administration of Foreign Exchange?
{{Infobox Government agency |agency_name = State Administration of Foreign Exchange |nativename = |nativename_a = |nativename_r = |logo = |logo_width = |logo_caption = |seal = |seal_width = |seal_caption = |formed = 1978 |jurisdiction = [[People's Republic of China]] |headquarters = [[Beijing]] |preceding1 = |preceding2 = |chief1_name = [[Yi Gang]] |parent_agency = [[People's Bank of China]] |website = [http://www.safe.gov.cn/ www.safe.gov.cn] |footnotes = }} {{Infobox Chinese|s=国家外汇管理局|t=國家外匯管理局|p=Guójiā wàihuì guǎnlǐ jú}} The '''State Administration of Foreign Exchange''' of the [[People's Republic of China]] is agency that controls [[foreign exchange market]] activities, and manages Chinese [[foreign exchange reserves]] valued at $3.2 [[trillion]]. The current director is [[Yi Gang]].<ref>{{cite web| url=http://english.gov.cn/2005-10/09/content_75318.htm| title=State Administration of Foreign Exchange| access-date=2013-03-17| archive-date=2012-10-15| archive-url=https://web.archive.org/web/20121015065218/http://english.gov.cn/2005-10/09/content_75318.htm| url-status=dead}}</ref> ==Role== SAFE's was kept in secret from world and its actions were often anonymous. In last decade the agency became so big it it had to come out from hiding and open up for media. SAFE is making a lot of investing on forex and commodity market.<ref>{{Cite web |url=http://forexgrowthbot.org/ |title=Archived copy |access-date=2021-01-30 |archive-date=2015-02-09 |archive-url=https://web.archive.org/web/20150209042801/http://forexgrowthbot.org// |url-status=dead }}</ref> The head office is located in Bejing and it is closely connected to ruling party.<ref name=emerges>Jamil Anderlini, [http://www.ft.com/cms/s/0/fd0b7e6e-bb2f-11dc-9fbc-0000779fd2ac.html China investment arm emerges from shadows], ''[[Financial Times]]'', 5 January 2008</ref> ==References== {{reflist}} {{politics-stub}} [[Category:Agencies]] [[Category:1978 establishmen