外汇局局长朱鹤新：近期将发布实施跨国公司本外币一体化资金池、境内企业境外上市资金管理等政策｜快讯

Core Insights - The People's Bank of China announced that the foreign exchange market transaction volume in 2024 is expected to grow by 37% compared to 2020, while the scale of foreign-related income and expenditure is projected to increase by 64% [2] - In the first three quarters of this year, China's foreign-related income and expenditure reached a record high of 11.6 trillion USD, indicating that high-level openness has become a strong driving force for China's economic development [2] Group 1 - The focus is on building a foreign exchange management system that is "more convenient, more open, safer, and smarter" while ensuring systemic risk is avoided [2] - The foreign exchange policy system is being improved to enhance convenience for businesses, with the number of companies able to conduct transactions based on instructions increasing more than fivefold since the end of 2020 [2] - Nine new policy measures will be introduced to promote trade facilitation, including expanding the pilot scope for high-level cross-border trade openness and optimizing foreign exchange fund settlement for new trade entities [2] Group 2 - A comprehensive package of cross-border investment and financing policies was launched in September, with upcoming policies for multinational companies' integrated currency pools and management of funds for domestic companies listed abroad [3] - The regulatory framework for foreign exchange will be enhanced under conditions of increased openness, utilizing macro-prudential and micro-regulatory approaches, along with AI and big data for smart regulation [3] - There will be a focus on monitoring and early warning of cross-border capital flows to effectively prevent external risk shocks and enhance the resilience of economic and trade cooperation [3]