China News Service, July 29. According to the website of the State Administration of Foreign Exchange, on July 28, the State Administration of Foreign Exchange held a conference on foreign exchange management in the second half of 2022 in the form of video. The meeting deployed the key tasks of foreign exchange management in the second half of 2022.

  The first is to deeply understand the decisive significance of the "two establishments", resolutely implement the "two maintenances", and use the inspection and rectification as an opportunity to promote comprehensive and strict governance of the party to develop in depth.

Adhere to and strengthen the party's overall leadership over financial and foreign exchange work, consolidate the effectiveness of centralized rectification, deepen long-term rectification tasks, continue to strengthen a strict atmosphere, and build a team of high-quality professional cadres who are loyal, clean and responsible.

  The second is to deepen the reform and opening up in the foreign exchange field and stimulate the vitality of market players.

Continue to promote the implementation and effect of cross-border trade and investment facilitation policies, and actively serve the work of promoting exports, expanding imports, and introducing technology and foreign capital.

Expand the coverage of high-quality enterprises' facilitation of foreign exchange receipts and payments in trade, support the standardized and healthy development of new foreign trade formats, and optimize personal foreign exchange services.

Improve the management of funds invested by foreign investors in the domestic bond market, and expand the pilot program of cross-border financing facilitation.

Optimize foreign exchange services with a focus on small, medium and micro enterprises, and support enterprises to better manage exchange rate risks.

  The third is to maintain the stable operation of the foreign exchange market and improve the micro-supervision of the foreign exchange market.

Strengthen the monitoring and response to cross-border capital flow risks, and maintain national economic and financial security.

Establish and improve the authenticity management mechanism that is substantive and authentic, diversified in ways, responsible for due diligence, safe and efficient.

Severely crack down on illegal activities in the foreign exchange field.

  The fourth is to promote the construction of foreign exchange reserve management capabilities to ensure the safety, flow, and value preservation and appreciation of foreign exchange reserve assets.

  Fifth, consolidate the basic work of foreign exchange management.

Accelerate the revision of the "Regulations on Foreign Exchange Administration", improve the high-level balance of payments statistics system, and deepen the construction of "digital foreign exchange management" and "safety foreign exchange management".

(Zhongxin Finance)

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