South China Morning Post - by layer3.news
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The latest breaking news from China.
?itok=DZ5c206K✍️ SAFE Investment Company, a Chinese fund manager, plays a significant role in global financial markets, managing a third of China's foreign exchange reserves.
👉 SAFE Investment Company manages a third of China's US$3.227 trillion foreign exchange reserves.
👉 The company is one of four 'golden flowers' set up by the State Administration of Foreign Exchanges to diversify China's reserves and maximize returns.
👉 The allocation of reserves to Hong Kong is expected to increase significantly, with some estimates suggesting a tripling of the current allocation.
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