国家外汇管理局将有序扩大跨境贸易高水平开放试点

Core Insights - The 2026 National Foreign Exchange Management Work Conference has outlined key priorities for foreign exchange management, focusing on deepening reform and expanding high-level institutional openness in the foreign exchange sector [1][2] Group 1: Foreign Exchange Reform Initiatives - The foreign exchange management department will continue to optimize trade foreign exchange business management and expand cross-border trade pilot programs [1] - There will be increased support for the development of new trade formats such as cross-border e-commerce and improvements in enterprise trade credit reporting management [1] - The financial sector will focus on enhancing cross-border financial service platforms and developing user-friendly foreign exchange risk hedging products for small and medium-sized enterprises [1] Group 2: Banking Sector Reforms - The banking foreign exchange business reform, initiated in December 2024, aims to streamline processes and allow enterprises to benefit from policy reforms in cross-border trade and investment [1] - By the end of 2025, 30 banks will have participated in this reform, processing foreign exchange transactions worth $440 billion [1] Group 3: Policy Implementation and Support - In 2026, the foreign exchange management department will guide reformed banks to expand their services nationwide and promote the integration of business reforms with facilitation policies [2] - New policies regarding overseas lending and domestic foreign exchange loan fund management will be introduced, along with cross-border fund management for multinational companies [2] - The conference emphasized the importance of maintaining a robust regulatory framework to safeguard foreign exchange reserves and enhance regulatory capabilities [2]