Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are committed to implementing the policies from the 20th National Congress, focusing on developing a more convenient, open, secure, and intelligent foreign exchange management system while preventing systemic risks [1][3]. Group 1: Foreign Exchange Policy Enhancements - The foreign exchange policy system will be improved to promote a "more trustworthy, more convenient" framework, with the number of enterprises able to conduct business with instructions increasing over five times since the end of 2020 [1][3]. - Nine new policy measures will be introduced to enhance trade facilitation, including expanding the pilot scope for high-level cross-border trade openness and optimizing foreign exchange fund settlements for new trade entities [1][3]. Group 2: High-Level Institutional Opening - There will be a focus on high-level institutional opening in the foreign exchange sector, with reforms in direct investment, cross-border financing, and securities investment management [4]. - A comprehensive policy package for cross-border investment and financing was launched in September, with upcoming policies for integrated currency pools for multinational companies and management of funds for domestic companies listed abroad [4]. Group 3: Risk Management and Regulatory Enhancements - The foreign exchange market will adopt a "macro-prudential + micro-regulation" dual management approach, utilizing AI and big data for smart regulation and enhancing monitoring of cross-border capital flows [2][4]. - The State Administration of Foreign Exchange will continue to support innovative foreign exchange policies in Beijing, promoting high-level openness in cross-border trade and investment [2][4].
国家外汇管理局局长朱鹤新:近期将发布境内企业境外上市资金管理等政策
Sou Hu Cai Jing·2025-10-28 00:07