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The accidental trillionaire
4 Dec 2014

The accidental trillionaire

by Simon Taylor | posted in: China, Economics, Finance sector, International affairs | 0

China’s $3.9 trillion foreign exchange reserves were not planned but arose as a side effect of a strategy, now ended, of keeping the RMB exchange rate lower than the market would have set it. * Last week I visited the … Continued

China, foreign reserves, SAFE, sovereigns

About

Simon is Management Practice Professor of Finance at Cambridge Judge Business School. From 2008-2018 he was the first Director of the University of Cambridge Master of Finance (MFin) degree, and was later the first Director of the University's Global Executive MBA. An economist and former equities analyst at JPMorgan and Citigroup, he teaches on financial markets and institutions, infrastructure finance and the world financial system. He is a Fellow in Management at St Catharine's College, Cambridge, where he is a member of the investment committee, and a research associate of the Cambridge Energy Policy Research Group, where he specialises in nuclear finance.

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