财经深一度丨外汇管理，何以“更加智慧”？

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference emphasizes the construction of a "more convenient, more open, more secure, and more intelligent" foreign exchange management system, with the addition of "more intelligent" reflecting the integration of technology in financial services [1]. Group 1: Technological Integration - The new focus on "more intelligent" foreign exchange management involves the use of artificial intelligence and big data to enhance the digital and intelligent level of foreign exchange management [1]. - The cross-border financial service platform launched by the State Administration of Foreign Exchange integrates blockchain technology with cross-border financial services, providing a credit service system for foreign trade enterprises, especially small and micro enterprises [1]. - As of now, the platform has expanded to 15 application scenarios, serving over 160,000 enterprises, facilitating financing exceeding $450 billion, and supporting convenient payment exceeding $2.5 trillion [1]. Group 2: Policy Implementation and Achievements - In 2025, the State Administration of Foreign Exchange implemented a package of policies to support stable foreign trade development and deepened cross-border investment and financing reforms, processing over 1 billion online foreign exchange transactions for new trade formats like cross-border e-commerce [2]. - The foreign exchange management department plans to continue enhancing the application of intelligent technologies in foreign exchange management, combining technological empowerment with innovative development to respond to enterprise needs [2]. - In the first 11 months of 2025, the foreign exchange market transaction volume exceeded $39 trillion, with the corporate foreign exchange hedging ratio reaching 30.2%, both setting historical highs [2]. Group 3: Governance and Regulatory Framework - The emphasis on "more intelligent" foreign exchange management aims to enhance the foresight, coordination, and effectiveness of foreign exchange management, which is a foundational and comprehensive requirement [3]. - The foreign exchange management work should be scientifically effective in policy formulation, transmission, and evaluation, while also improving capabilities in statistical monitoring, trend analysis, and non-site supervision [3]. - The four dimensions of "more convenient, more open, more secure, and more intelligent" are interconnected, reflecting a comprehensive improvement in the governance system and capability in the foreign exchange sector [3].