Safe: firmly hold the bottom line of no systemic financial risk

 Safe: firmly hold the bottom line of no systemic financial risk

The foreign exchange administration should take the spirit of the important speech of general secretary Xi Jinping as the NPC and CPPCC during the next two years as an important political task at present and in the future. We should conscientiously study and understand and thoroughly implement the plan and put the ideas and actions into consideration in the decision making and deployment of the Party Central Committee and the State Council. We should enhance the Four Consciousnesses, strengthen the four confidence and make the two maintenance. To truly transform the learning achievements into the actual results of promoting the construction of the rule of law government and serving the overall economic and social development.

The meeting stressed that the foreign exchange management department should fully grasp the deployment requirements of the government work report, do a good job in implementation, focus on six stability and six guarantees to accelerate the work of foreign exchange management.

First, adhere to the two-wheel drive of reform and opening up, deepen the reform of deregulation services, further improve the level of cross-border trade and investment facilitation, steadily promote the opening of capital projects, serve the new pattern of comprehensive opening up, and promote high-quality economic development.

Second, we will resolutely fight against and resolve major financial risks in the field of foreign exchange, guard against cross-border capital flow risks, keep the exchange rate of RMB (7.0917, - 0.0191, - 0.27%) basically stable at a reasonable and balanced level, maintain the basic balance of international payments, firmly hold the bottom line of no systemic financial risks, maintain the stability of the foreign exchange market and the national economic and financial security.

Third, we will accelerate the improvement of the macro Prudential + micro regulatory two in one management framework of the foreign exchange market that meets the requirements of effective prevention and control of financial risks under high-level opening conditions.

Chinas one belt, one road, four, we should improve the management of foreign exchange reserves with Chinese characteristics, prudently and prudently promote diversified application, and serve the quality development of one belt and one road, so as to ensure the safety, mobility and value preservation of foreign exchange reserve assets.

Fifth, we firmly support the establishment and improvement of the legal system and implementation mechanism of the Hong Kong Special Administrative Region to safeguard national security, unswervingly uphold the one country, two systems, unswervingly support the construction and development of Hong Kongs international financial center, and maintain Hong Kongs economic and financial stability and prosperity.

Members of the Party group, chief economist of the safe and main responsible comrades of relevant units attended the meeting. (end)