Straits Exchange Foundation

The Straits Exchange Foundation (SEF; Chinese: 海峽交流基金會; pinyin: Hǎixiá Jiāoliú Jījīnhuì; often abbreviated as 海基會) is a semiofficial organization set up by the Government of the Republic of China (Taiwan) to handle civil and business matters with the People's Republic of China (PRC). Though technically a private organization, it is funded by the government and under the supervision of the Mainland Affairs Council of the Executive Yuan.

Source: Wikipedia — Straits Exchange Foundation (CC BY-SA 4.0)