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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

China’s SAFE eyes American real estate, reports say

Posted on 29 May 2013

China’s official overseer of foreign-currency reserves is considering real estate and other investments in the United States. Bloomberg News on Monday cited two people with direct knowledge of the situation as saying that the State Administration of Foreign Exchange, or SAFE, began studying the possibility of investing in US real estate after noting signs of a recovery in the country’s property market.
China may acquire real estate, invest in real estate funds or buy stakes in property companies, according to Bloomberg’s sources, who requested anonymity because they weren’t authorized to speak publicly about the matter. The safety of the investments will be SAFE’s top priority, the sources said………………………………………..Full Article: Source


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