State Administration of Foreign Exchange

The State Administration of Foreign Exchange (SAFE) is a regulatory body in China responsible for managing the country's foreign exchange market and currency reserves. Its main duties include overseeing foreign investments, regulating currency transactions, and safeguarding the stability of the Chinese yuan. By controlling how foreign currencies flow in and out of China, SAFE helps maintain economic stability, manage trade balances, and ensure that the country's exchange rate remains manageable. Essentially, SAFE ensures that China’s financial interactions with the rest of the world are orderly and compliant with national policies.