国家外汇局部署下半年工作：开展绿色外债政策试点

Core Points - The State Administration of Foreign Exchange (SAFE) of China held a video conference to discuss foreign exchange management work for the second half of 2025, emphasizing the need to promote cross-border investment and financing facilitation [1] - A series of measures were proposed, including the cancellation of registration for reinvestment by foreign-invested enterprises and facilitating cross-border financing for technology enterprises [1] - The meeting highlighted the importance of supporting stable foreign trade development and implementing a package of policies for trade foreign exchange management [1] Group 1 - The meeting outlined key foreign exchange management tasks, such as deepening reform and opening up in the foreign exchange sector, preventing external shock risks, and enhancing regulatory capabilities under open conditions [1] - It was mentioned that there will be support for regional open development, particularly in free trade pilot zones and areas like Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The conference also stressed the need for enhanced monitoring and analysis of foreign exchange conditions, macro-prudential management of cross-border capital flows, and timely counter-cyclical adjustments to maintain market stability [1] Group 2 - The meeting called for the improvement of the management of foreign exchange reserves to ensure asset safety, liquidity, and value preservation [2] - There is a focus on enriching the application scenarios of cross-border financial service platforms [2]