China’s main sovereign wealth fund for investing its foreign reserves has emerged as the fifth-biggest shareholder in Euroclear, one of the world’s largest central securities depositories.
The State Administration of Foreign Exchange (Safe), a unit of China’s central bank, owns a 4.26 per cent stake in the Belgian company, according to recently-published filings on Euroclear’s website.
It has held the stake for at least four years but has only come to light in recent weeks because Euroclear is making more information publicly available as a prelude to changing its shareholding structure.
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