深化外汇便利化改革 着力增强高质量发展活力动力

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference was held to summarize the 2025 work and outline key tasks for 2026, emphasizing the integration of domestic and international strategies and the importance of high-quality development in foreign exchange management [1][2]. Group 1: Key Achievements in 2025 - The foreign exchange management department effectively implemented the decisions of the central government, achieving new results in various areas, including enhancing the quality of foreign exchange services for the real economy and deepening reforms in the foreign exchange sector [1][2]. - The foreign exchange reserve scale remained basically stable, indicating effective management practices [1]. Group 2: 2026 Work Focus - The work in 2026 will be guided by Xi Jinping's thoughts and will focus on creating a more convenient, open, safe, and intelligent foreign exchange management system [2][3]. - Key tasks include strengthening the Party's leadership in financial work, promoting strict governance, and enhancing the quality of party-building efforts [3][9]. Group 3: Reform and Development Initiatives - The conference highlighted the need for deepening foreign exchange facilitation reforms to enhance high-quality development, including optimizing trade foreign exchange management and supporting new trade formats like cross-border e-commerce [3][9]. - There will be a steady push for high-level institutional opening in the foreign exchange sector, including reforms in bank foreign exchange operations and policies for cross-border capital management [3][9]. Group 4: Regulatory Enhancements - The conference emphasized the importance of maintaining a robust regulatory framework to ensure the stability of the foreign exchange market, including macro-prudential management and the analysis of market conditions [4][10]. - Strengthening foreign exchange supervision and enhancing regulatory capabilities were also key points, with a focus on combating illegal cross-border financial activities [4][10]. Group 5: Future Directions - The management of foreign exchange reserves will prioritize asset safety, liquidity, and value preservation [5][11]. - The revision of the Foreign Exchange Management Regulations and the development of a higher standard international balance of payments statistical system are planned to improve the digitalization of foreign exchange management [5][11].