China News Agency, Beijing, January 4 (Reporter Xia Bin) The State Administration of Foreign Exchange of China held the 2023 National Foreign Exchange Management Work Conference in the form of video on the 4th, and studied and deployed key tasks for 2023.
These include: deepening reform and opening up in the field of foreign exchange; steadily and orderly promoting high-level opening up of capital accounts, and improving the pilot project of integrated domestic and foreign currency capital pools for multinational companies.
The meeting emphasized that in 2023, foreign exchange management work should deepen the reform and opening up of the foreign exchange field to promote high-quality development, prevent external shocks and risks, guard the bottom line of safety, ensure the safety, flow, and value preservation and appreciation of foreign exchange reserve assets, and start a good start for the comprehensive construction of a socialist modern country Great support for a good start.
Specifically, the meeting put forward five key tasks for this year: Persevere in promoting comprehensive and strict party governance, deepen reform and opening up in the field of foreign exchange, prevent cross-border capital flow risks, improve the management of foreign exchange reserves, and consolidate the basic work of foreign exchange management.
The meeting stated that it is necessary to expand the coverage of high-quality enterprises' trade foreign exchange receipts and payments facilitation policies, and support the innovative development and standardized development of new trade formats.
Optimize the exchange rate hedging services for small, medium and micro enterprises, and explore and enrich the application scenarios of cross-border financial service platforms.
Innovate and optimize foreign exchange management policies, and actively serve the country's major regional development strategies.
The meeting mentioned that it is necessary to strengthen the monitoring and analysis of the foreign exchange situation, strengthen macro-prudential management and guidance of expectations, and enrich the macro-prudential policy toolbox.
Improve the micro-supervision of the foreign exchange market, and accelerate the establishment of an authenticity management mechanism that is "authentic in substance, diverse in methods, conscientious and exempt from responsibility, safe and efficient."
Strengthen off-site capacity building, and severely crack down on illegal foreign exchange activities.
In addition, it is necessary to promote the construction of specialized investment capabilities, scientific and technological operation capabilities, and market-oriented institutional governance capabilities to ensure the safety, flow, and value preservation and appreciation of foreign exchange reserve assets; strengthen the construction of the rule of law for foreign exchange management, build a high-level balance of payments statistical system, and deepen The construction of "digital foreign exchange management" and "safe foreign exchange management" has improved the level of foreign exchange research.
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