State Administration of Foreign Exchange (Safe)

China stockpiling gold

China has increased its gold reserves by 76% since 2003, said Hu Xiaolian, a vice president of People's Bank of China and the administrator of the State Administration of Foreign Exchange, on Friday.

Assets are better kept with SWFs

Countries with a large foreign asset base tend to establish sovereign wealth funds as central banks' portfolio diversification tends is limited, says a new paper from the San Francisco Federal Reserve.

China clamps down on hot money

The authorities in Beijing have announced new measures to curb the inflow of speculative money, which is adding to the booming economy's increasing inflation problem.

New China investment chief to be named

China is set to name a new head of the investment arm of the central bank, as it prepares to open a new agency to help manage the country's foreign currency reserves of more than $1 trillion, Reuters reported from Shanghai on Monday 26 February.

China raises renminbi value

China has raised the value of the renminbi even as its central bankers rule out major reductions in the dollar share of the country's foreign exchange reserves.

SAFE spokesman says China central bank 'sound'

The People's Bank of China is "in sound financial condition," as a result of its strategies and achievements in managing the country's foreign exchange reserves, according to a spokesman for China's State Administration of Foreign Exchange (SAFE) on…

Gold price soars on war talk concerns

Worries that US Secretary of State Colin Powell's speech on Iraq could be a harbinger of war sent gold soaring to a six-and-a-half year high on Wednesday as investors piled into the traditional safe haven in times of trouble.

Speech by T P Naranubala, Bank of Thailand, 4 Sep

SPEECH - In the speech titled 'The Role of Non-Bank Financial Institutions in relation to Monetary Policy' Naranubala said that the task of the central bank in monetary policy is to ensure that it sets the right policy, and that its policy is transmitted…

Speech by Ulrich Kohli, Swiss Nat Bank, 26 Feb

SPEECH - Kohli concludes in a speech titled 'Will the Euro Make the Swiss Franc Obsolete?' that as long as the SNB maintains an independent course of action, it will uphold the reputation of the Swiss franc as a safe and sound currency, and it will…

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