SAFE
could invest part of Forex reserves in US real estate
The
Chinese State Administration of Foreign Exchange (SAFE) is studying an option
to invest part of its US $3.4 trillion in foreign-exchange reserves in US
realty. SAFE made this move after noticing recovery signs in the US property
market. Actions by China may include purchasing properties, investing in realty
funds, or acquiring stakes in property firms. China has already put together a
New York operation to make alternative investments, constituting an attempt by
SAFE to branch out from only purchasing US government debt, according to
Chinese State run media.
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