Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are set to introduce a series of foreign exchange facilitation policies to support high-quality economic development and enhance the resilience of the foreign exchange market [1][2]. Group 1: Economic Context - The foreign exchange market has been operating smoothly despite complex challenges, with the RMB appreciating by 1.6% against the USD and maintaining stability against a basket of currencies [1]. - China's foreign trade shows strong resilience, with a reasonable balance in the current account and increased foreign investment in domestic bonds and stocks [1]. Group 2: Policy Directions - The focus will be on creating a more convenient, open, safe, and intelligent foreign exchange management system to support economic development [2]. - Specific measures include enhancing the foreign exchange policy system for integrity, promoting high-level institutional openness, and strengthening macro-prudential and micro-regulatory management [2]. Group 3: Upcoming Policies - A series of trade facilitation policies will be introduced, including expanding cross-border trade pilot programs and optimizing foreign exchange fund settlement for foreign trade service enterprises [3]. - Cross-border investment and financing policies will be implemented to support research institutions in attracting foreign investment and facilitating cross-border financing for technology enterprises [3]. - A package of foreign exchange innovation policies will be rolled out in free trade pilot zones, including optimizing international trade settlement and expanding the Qualified Foreign Limited Partner (QFLP) pilot [3]. Group 4: Support for Shanghai International Financial Center - Continuous support will be provided for the construction of the Shanghai International Financial Center, enhancing its competitiveness and influence in international cooperation [4].
朱鹤新:积极推出多项支持性政策助力稳就业、稳企业、稳市场、稳预期
Jin Rong Shi Bao·2025-08-08 07:57