Safe held a video conference on foreign exchange management in the second half of 2020

category:Finance
 Safe held a video conference on foreign exchange management in the second half of 2020


The meeting stressed that in the second half of 2020, the foreign exchange administration departments should fully implement the spirit of the Political Bureau meeting just held by the CPC Central Committee, closely follow the goal and task of building a moderately prosperous society in an all-round way, better coordinate the work of epidemic prevention and control and economic and social development, do a solid job in the six stability work, comprehensively implement the six guarantees task, and accelerate the work of foreign exchange management.

The meeting laid out the key work of foreign exchange management in the second half of 2020. First, we must firmly adhere to the two safeguards and promote the in-depth development of comprehensively and strictly administering the party. Taking the opportunity of building a model organ that can reassure the Party Central Committee and satisfy the people, we should constantly enhance the awareness of political organs, continue to promote the rectification of discipline and discipline, and implement the partys leadership in all aspects and links. Second, we will deepen reform and opening up in the field of foreign exchange, and coordinate support for normalized epidemic prevention and control and economic and social development. We will implement all kinds of foreign exchange facilitation measures to the letter, expand the pilot projects of trade income and expenditure facilitation, and promote the electronic filing of foreign exchange payment in service trade. We will explore the reform of cross-border investment management of private equity funds. We will continue to steadily expand the two-way opening and interconnection of financial markets. Third, we should continue to fight the battle of preventing and resolving major financial risks in the field of foreign exchange and guard against the risk of cross-border capital flow. We will strengthen macro Prudential Management of cross-border capital flows, improve foreign exchange market supervision, and protect the legitimate rights and interests of foreign exchange consumers and investors. We will crack down on illegal foreign exchange activities such as underground banks and cross-border gambling with a zero tolerance attitude, and maintain the healthy order of the foreign exchange market. Fourth, improve the operation and management of foreign exchange reserves with Chinese characteristics to ensure the safety, flow, value maintenance and appreciation of assets. Fifthly, we should strengthen the research on major issues such as the reform and development of foreign exchange management during the 14th five year plan period, deepen the reform of release, management and service, improve the multi-level statistical system of balance of payments, and promote the construction of digital foreign control and safe foreign management.

Cadres at or above the Deputy Secretary level of all departments and units of the State Administration of foreign exchange attended the meeting at the main venue. The peoples Bank of China and the Commission for Discipline Inspection of the peoples Bank of China were invited by the Commission for Discipline Inspection of the peoples Bank of China. All branches (foreign exchange management department) attended the meeting at the local branch venues. (end)