State Administration of Foreign Exchange

State Administration of Foreign Exchange (SAFE)
国家外汇管理局
Guójiā wàihuì guǎnlǐ jú
Agency overview
Formed1978
JurisdictionChina China
HeadquartersBeijing
Agency executive
Parent agencyPeople's Bank of China
WebsiteSAFE.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

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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