财经深一度|外汇管理，何以“更加智慧”？

Core Insights - The 2026 National Foreign Exchange Management Work Conference emphasizes building a "more convenient, more open, more secure, and more intelligent" foreign exchange management system, adding "more intelligent" to the previous three focuses from 2025 [1] Group 1: Technological Integration - The integration of financial technology is reshaping global financial services, presenting both challenges and opportunities for the foreign exchange management system [1] - The concept of "more intelligent" involves leveraging artificial intelligence and big data to enhance the digital and intelligent level of foreign exchange management, as explained by the Deputy Governor of the People's Bank of China [1][2] - The cross-border financial service platform, which combines blockchain technology with cross-border financial services, has expanded its application scenarios to 15, serving over 160,000 enterprises and facilitating financing exceeding $450 billion [1] Group 2: Policy Implementation and Support - In 2025, the State Administration of Foreign Exchange implemented a package of policies to support stable foreign trade development and deepen cross-border investment and financing reforms, processing over 1 billion online foreign exchange transactions for cross-border e-commerce [2] - The foreign exchange management department plans to continue enhancing the application of intelligent technologies in 2026, combining technological empowerment with innovative development to respond to enterprise needs [2] - The foreign exchange market demonstrated resilience with a trading volume exceeding $39 trillion in the first 11 months of 2025, and the foreign exchange hedging ratio for enterprises reached 30.2%, both setting historical highs [2] Group 3: Regulatory Enhancements - The emphasis on "more intelligent" management aims to enhance the foresight, coordination, and effectiveness of foreign exchange management, requiring a comprehensive approach across all aspects of foreign exchange work [3] - The foreign exchange management department is focused on improving risk identification and business supervision through advanced technological means, while also maintaining macro-prudential management of cross-border capital flows [2][3] - A total of over 1,100 illegal activities related to foreign exchange were investigated and dealt with, highlighting the commitment to combating illegal practices in the sector [2]