外汇局刘斌：鼓励在上海率先落地一些首创性、集成性探索政策

Core Insights - The State Administration of Foreign Exchange (SAFE) is encouraging innovative and integrated exploratory policies in Shanghai, focusing on the application of technologies like artificial intelligence and big data to enhance foreign exchange services [1] - Shanghai has become a hub for various financial markets, and the SAFE has been enhancing the interconnectivity of domestic and foreign financial markets, which has increased the attractiveness and activity of foreign investment in China [1] - The SAFE aims to improve the cross-border financial service capabilities in Shanghai by establishing a more convenient, open, secure, and intelligent foreign exchange management system [1] Group 1 - The SAFE plans to steadily expand high-level institutional openness in the foreign exchange sector, focusing on the integration of RMB internationalization and high-quality capital account opening [2] - There will be a push for the development of the foreign exchange market, addressing issues related to long-term, multi-variety, and small currency markets, while enhancing the capabilities of foreign exchange trading centers [2] - The SAFE will promote the convenience of cross-border trade and investment financing, encouraging innovative policies to be implemented in Shanghai [2] Group 2 - The relationship between financial openness and security will be carefully managed, ensuring that all openness and convenience measures are predicated on safety [2] - The SAFE will implement a dual management approach of "macro-prudential + micro-regulation" to prevent risks from spreading across regions, markets, and borders [2]