国家外汇局：适时开展逆周期调节 维护外汇市场稳定和国家经济金融安全

Core Points - The State Administration of Foreign Exchange (SAFE) held a video conference on August 1 to discuss foreign exchange management work for the second half of 2025, emphasizing the need to prevent and mitigate external shock risks [1][3] - The meeting highlighted the importance of deepening reforms and opening up in the foreign exchange sector to support stable foreign trade and facilitate cross-border financing [1][4] Group 1: Key Highlights from the Meeting - The meeting underscored the need for enhanced monitoring and analysis of foreign exchange conditions, as well as macro-prudential management of cross-border capital flows [1][6] - SAFE reported that since the beginning of 2025, it has made significant progress in supporting the real economy, including facilitating foreign exchange settlement for quality enterprises and expanding cross-border trade [4][6] - The foreign exchange market has shown resilience amid complex conditions, with the management maintaining a flexible RMB exchange rate [4][6] Group 2: Focus Areas for the Second Half of 2025 - The meeting outlined key tasks, including strengthening the Party's leadership in financial and foreign exchange work and modernizing governance capabilities in the foreign exchange sector [5][6] - Specific measures include optimizing foreign exchange management for new foreign trade entities, facilitating overseas fund management for engineering companies, and promoting cross-border financing for technology enterprises [1][6] - The meeting also emphasized the need to enhance regulatory capabilities under open conditions and improve the legal framework for foreign exchange management [6][7]