| China's foreign-exchange regulator has been actively but discreetly investing in U.K. property and infrastructure, marking a significant shift in how the secretive manager of the world's largest foreign-currency reserves uses its funds.
In recent years SAFE, which is responsible for investing most of China's $3.31 trillion worth of foreign-exchange reserves, has mainly kept a low profile, taking very small positions in blue-chip stocks or allocating funds to third-party asset managers to invest on its behalf. But SAFE's recent U.K. investments signal a new willingness to take significant direct ownership stakes, following in the footsteps of China Investment Corp., the better-known investor of Beijing's sovereign wealth...............................................Full Article: Source |