中国人民银行副行长、国家外汇局局长朱鹤新： 坚定推进外汇领域深层次改革和高水平开放

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are committed to deepening reforms and high-level openness in the foreign exchange sector, introducing supportive policies to enhance cross-border investment and financing convenience in response to external challenges [1][2]. Group 1: Policy Initiatives - The State Administration of Foreign Exchange has proposed nine policies to deepen cross-border financing foreign exchange management reform, aiming to enhance the convenience of cross-border investment and financing [1][5]. - Policies include the cancellation of pre-registration for domestic direct investment expenses, allowing foreign exchange profits from foreign direct investment to be reinvested domestically, and simplifying cross-border financing registration requirements [5]. Group 2: Economic Context - Since April, international economic and trade order has faced severe shocks, leading to significant fluctuations in international financial markets. However, the foreign exchange market in China has remained stable overall [1]. - The RMB has appreciated by 1.6% against the USD this year, with increased foreign investment in domestic bonds and stocks [1]. Group 3: Future Outlook - The foreign exchange market in China is expected to maintain stable operations, supported by a recovering economy and balanced international payments [1]. - The State Administration of Foreign Exchange plans to implement a series of supportive policies to stabilize employment, businesses, markets, and expectations [3][4]. Group 4: Technological Integration - The State Administration of Foreign Exchange aims to enhance the digital and intelligent level of foreign exchange management through the use of artificial intelligence and big data [3]. Group 5: Support for Trade and Investment - The administration will deepen trade foreign exchange business management reform and implement high-level open pilot projects for cross-border trade, facilitating more entities in trade to benefit from these policies [3][4]. - A series of innovative foreign exchange policies will be implemented in free trade pilot zones, including optimizing international trade settlement and expanding pilot programs for qualified foreign limited partners [4].