| 国家外汇管理局 Guójiā wàihuì guǎnlǐ jú | |
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| Agency overview | |
|---|---|
| Formed | June 1979 |
| Jurisdiction |  China |
| Headquarters | Beijing |
| Agency executive | |
| Parent agency | People's Bank of China |
| Website | www |
| State Administration of Foreign Exchange | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 国家外汇管理局 | ||||||
| Traditional Chinese | 國家外匯管理局 | ||||||
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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.