SAFE Investment Company, the Hong Kong-based entity responsible for managing a third of China’s US$3.227 trillion foreign exchange reserves, is hiring.
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According to a job posting on HKCampusRecruitment on the WeChat social media platform, the operator of the world’s third-largest sovereign wealth fund is seeking trainees who could advance to investment analysts or traders after completing a two-year programme.
The firm is seeking trainees for fundamental research and systematic trading, which would give them exposure to global financial markets, according to the advertisement. The successful candidates’ responsibilities include analysing index changes, forecasting potential liquidity events and day-to-day portfolio management.
Founded in June 1997, a month before Hong Kong’s formal return to China’s sovereignty, SAFE Investment, Hua’an in Chinese, is one of the “four golden flowers” – a quartet of investment firms under the country’s State Administration of Foreign Exchange (SAFE). SAFE manages the largest foreign exchange reserves in the world at more than US$3.227 trillion.
In January, Pan Gongsheng, governor of the People’s Bank of China (PBOC), said in Hong Kong that China would “significantly increase” the allocation of the nation’s reserves to Hong Kong, alluding to the role that SAFE Investment might play.
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