Coming to America: Safe expands its horizons

Hong Kong, Singapore, London, and now New York. The world’s biggest currency reserves manager has reportedly opened its first US office: Wall Street executives will be rubbing their hands in anticipation. But China’s $3.4 trillion State Administration of Foreign Exchange (Safe) – or more specifically its $500 billion investment arm – may be as focused on gathering knowledge as it is on awarding mandates. Safe reportedly now has 12 staff on Fifth Avenue, most of whom are likely t…