Wu, Friedrich; Korthals, Robbert-Jan; Khai, Ng Kuan - In: World Economics 14 (2013) 2, pp. 19-36
This paper examines whether the State Administration of Foreign Exchange (SAFE) and its subsidiary SAFE Investment Company (SIC), the sole managers of China’s gargantuan official foreign exchange reserves (OFER) until 2007, have shifted their investment behaviour since the inception of...