State Administration of Foreign Exchange.
agency that controls foreign exchange market activities in the People's Republic of China
China Urges Banks to Boost Corporate Yuan Hedging
Chinese regulators including SAFE and the PBOC are pressuring banks to raise corporate yuan hedging, moving toward a 40% target through window guidance to shield exporters from ongoing yuan volatility and encourage use of forwards, swaps, options, and other hedging tools. Hedging activity has surged, with corporate derivatives around $1.4 trillion in the first half of 2026 and the overall hedging ratio climbing from roughly 22% in 2020 to about 35% in H1 2026, as banks offer subsidies and expanded access to hedging services.
Finance · 6 sources · Sep 14, 2026Read itThe journal
Open the journal →The conversation starts in the journal — be the first to post.
About State Administration of Foreign Exchange
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which as of April 2026 stood at $3.41 trillion for the People's Bank of China. The current director is Zhu Hexin.
Everything about State Administration of Foreign Exchange →- Country
- People's Republic of China
- Headquarters
- Beijing
- Inception
- 1978
- Website
- https://www.safe.gov.cn/