The State Administration of Foreign Exchange (hereinafter referred to as SAFE) is a financial institution in the State Council, People's Republic of China (PRC), and a vice-ministerial State Bureau managed by the People's Bank of China, which is responsible for the management of foreign exchange receipts and payments, transactions, lending, transfer, international settlement, foreign exchange rate and foreign exchange market. The foreign exchange bureau consists of seven functional departments, including comprehensive department, balance of payments department, current account management department, capital account management department, management inspection department, reserve management department and personnel department (internal audit department). In addition, it also has a central foreign exchange business center, an information center, an agency service center and China Foreign Exchange magazine.

The foreign exchange bureau has set up 34 branches in all provinces, autonomous regions and municipalities directly under the Central Government, as well as in Shenzhen, Dalian, Qingdao, Xiamen and Ningbo. Set up two foreign exchange management departments in Beijing and Chongqing. The branches of the foreign exchange bureau and the branches of the People's Bank of China use office facilities. Central Huijin Investment Co., Ltd. is a wholly state-owned company authorized by the State Council, exercising the rights and fulfilling the obligations of investors on behalf of the state according to law. Financial institutions with direct shareholding include six commercial banks, four securities companies, two insurance companies and four other institutions. So the two are not completely unrelated.