国家外汇管理局：深化外汇领域改革开放

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has outlined key tasks for foreign exchange management in the second half of 2025, focusing on deepening reforms and supporting stable development of foreign trade [1] Group 1: Foreign Trade Management - Implementation of a comprehensive policy package to optimize foreign exchange management for new foreign trade entities and facilitate centralized management of overseas funds for contracting enterprises [1] - Support for the stable development of foreign trade through various reforms [1] Group 2: Cross-Border Investment and Financing - Promotion of cross-border investment and financing facilitation, including the cancellation of registration for reinvestment by foreign-invested enterprises and easing cross-border financing for technology enterprises [1] - Nationwide implementation of multinational corporate cash pool management policies and pilot programs for green foreign debt policies [1] Group 3: Banking and Market Development - Reform of bank foreign exchange operations to expand and improve quality [1] - Continued development of the foreign exchange market and enhancement of enterprise exchange rate risk management services [1] Group 4: Regional Development Support - Support for regional open development tailored to local conditions, including backing for the strategic enhancement of free trade pilot zones and innovations in foreign exchange management in regions like Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [1]