Monday, February 25, 2013

China invests reserves in U.K. property.

China's State Administration of Foreign Exchange (SAFE) - charged with managing most of the country's $3.31T in foreign-exchange reserves - has been actively but discreetly picking up real estate in the U.K, with $1.6B in recent deals. It's a significant shift for the secretive manager and shows it branching out beyond its typical holdings of "low-risk" government paper.