China News Service, September 12. On the 11th, the website of the State Administration of Foreign Exchange released the "Notice of the Party Group of the State Administration of Foreign Exchange of the Communist Party of China on the Eighth Round of Inspection, Rectification and Improvement of the Nineteenth Central Committee".
Regarding the next work plan, the State Administration of Foreign Exchange pointed out that it will adhere to the general principle of seeking progress while maintaining stability, coordinate development and security, unswervingly follow the path of financial development with Chinese characteristics, and combine solving outstanding problems with improving governance capabilities. Solidly promote the high-quality development of foreign exchange management in the new era.
Further strengthen the prevention and control of financial risks.
From a political perspective, we will recognize, prevent and resolve risks in the foreign exchange field, and continue to track and monitor the impact of changes in macroeconomic policies of major economies, international economic and financial situations, and the evolution of international situations on my country's foreign exchange market, so as to maintain the stability of the foreign exchange market.
Improve the micro-supervision of the foreign exchange market, severely crack down on illegal cross-border financial activities with a "zero tolerance" attitude, strengthen collaborative governance, comprehensive governance, and root-source governance, and gradually establish a method of authenticity auditing of foreign exchange business that is substantive, diversified, responsible, and safe and efficient. , to maintain the healthy order of the foreign exchange market.
Further strengthen the political responsibility for reform.
Coordinate the financial services for epidemic prevention and control and economic and social development, implement the foreign exchange support policies that have been introduced, and further promote the facilitation of cross-border trade, investment and financing.
We will steadily and orderly advance the high-level opening of the capital account.
Support regional opening up and innovation, and steadily advance the pilot program of high-level opening up of cross-border trade and investment.
Vigorously cultivate and develop the foreign exchange market, enrich foreign exchange hedging products, guide enterprises to establish the concept of exchange rate risk neutrality, and better manage exchange rate risks.
Enrich and expand the application scenarios of the cross-border financial service platform to facilitate cross-border financing of small and medium-sized foreign trade enterprises.
Improve the management level of foreign exchange reserves, and promote the building of professional investment capacity, technological operation capacity, and market-oriented institutional governance capacity.
Accelerate the revision of the "Regulations on Foreign Exchange Administration" and consolidate the legal foundation in the foreign exchange field.
(Zhongxin Finance)