2023年12月29日，国家外汇管理局出台《银行外汇展业管理办法（试行）》，为银行外汇业务流程 再造提供了制度框架。作为城商行中的积极实践者，宁波银行以全流程管理为核心，通过矩阵式管理体 系构建、业务流程革新与金融科技深度赋能，实现了跨境便利化与风险防控的精准平衡，为中小民营企 业量身打造了"越诚信越便利"的外汇服务生态。 矩阵式管理织密风控网络 宁波银行创新构建总分支三级联动的矩阵式管理体系，为外汇展业改革筑牢组织根基。总行国际业 务部统筹规划，设立事中审核和事后监测专业团队，实施差异化客户管理策略；分行国际业务部通过市 场、单证、综合三大团队协同，将总行策略转化为具体操作；支行外汇业务经理深耕一线，提供个性化 客户服务。这种 "决策-执行-服务" 的垂直管理链条，实现了全行外汇业务的高效协同与信息共享。 为确保专业能力与合规要求落地，宁波银行建立严格的岗位资格准入机制，要求尽职调查、业务审 查及合规管理人员均需取得专业资格认证。在考核体系中嵌入外汇合规指标，对违规行为实施责任追 究，形成"专业准入-过程管控-结果考核"的全链条管理闭环。这一机制不仅保障了业务规范性，更推动 外汇展业深度融入日常运营，为改革 ...

浦发银行上海分行作为浦发银行系统内首批外汇展业试行分行，自2024年10月开展外汇展业改革以来， 在国家外汇管理局上海市分局指导下，认真落实《银行外汇展业管理办法（试行）》要求，持续推进数 智化赋能外汇业务管理，重构外汇业务事前、事中、事后全流程的智能风控体系，为符合条件的优质客 户凭支付指令直接办理外汇业务，兼顾业务风险防范和业务便利，打造浦发外汇业务高效服务新模式。 依托政策"红利"，打造浦发跨境人民币服务新模式 2025年9月人民银行和外汇局鼓励已改革银行参照《银行外汇展业管理办法（试行）》及配套制度要求 办理跨境人民币业务。浦发银行在外汇展业改革近一年后，依据《银行外汇展业管理办法（试行）》政 策问答（三），结合自身客群特点、风控流程和跨境人民币业务风险差异等因素确定本行优质客户可凭 指令办理的跨境人民币业务范围，并按规定对相关业务开展风险交易监测，依托外汇展业模式办理跨境 人民币业务。 落地跨境人民币展业改革新流程，节约企业"脚底成本" 9 月12日，浦发银行上海分行为某船厂优质客户办理了2笔共计约 2280万船用配件货款的跨境人民币极 速汇出业务。该业务属于货物贸易 - 人民币 - 纳入海关统计的 ...

Group 1 - The State Administration of Foreign Exchange (SAFE) has implemented three measures to promote stable development of foreign trade and foreign investment, including expanding trade facilitation, advancing cross-border investment and financing facilitation, and enhancing foreign exchange business reforms [1][2] - In the first half of the year, trade facilitation policies covered a wider range, with over $700 billion in related facilitation transactions processed, marking an 11% year-on-year increase [1] - The SAFE encourages banks and payment institutions to adopt technology for electronic order reviews, resulting in 5.1 billion related transactions processed in the first half of the year [1] Group 2 - In the cross-border investment and financing sector, SAFE has simplified processes, including the cancellation of domestic reinvestment registration for foreign-invested enterprises in 19 pilot areas by the end of 2024, benefiting over 600 companies [2] - The reform of foreign exchange business has allowed banks to process foreign exchange transactions for high-quality clients based on enterprise instructions, reducing processing time by over 50% [2] - Currently, 22 banks are participating in the foreign exchange business reform, with over 20,000 high-quality clients identified, representing a 23% increase compared to the end of 2024 [2]

Core Viewpoint - The Chinese foreign exchange market demonstrated resilience and stability in the first half of 2025, effectively responding to external shocks and maintaining a balanced supply and demand [4][6][7]. Summary by Sections Foreign Exchange Market Performance - In the first half of 2025, the total cross-border income and expenditure of non-bank sectors reached $7.6 trillion, a year-on-year increase of 10.4%, marking a historical high for the same period [5]. - The net inflow of cross-border funds for non-bank sectors was $127.3 billion, continuing the trend of net inflows since the second half of the previous year, with a 46% increase in the second quarter compared to the first [5][6]. Exchange Rate Stability - The RMB/USD exchange rate appreciated by 1.9% in the first half of 2025, fluctuating between 7.15 and 7.35, maintaining basic stability while serving as an automatic stabilizer for the macroeconomy and international balance of payments [7][8]. Cross-Border Trade and Investment Facilitation - The State Administration of Foreign Exchange (SAFE) is enhancing the convenience of cross-border trade and investment, with over $700 billion in related facilitation services processed in the first half of 2025, a year-on-year increase of 11% [9][10]. - The pilot program to simplify foreign investment registration for foreign enterprises has benefited over 600 companies, improving capital efficiency [9][10]. Foreign Exchange Management Reforms - SAFE is advancing reforms in foreign exchange management, allowing banks to process foreign exchange transactions for high-quality clients based on corporate instructions, reducing processing times by over 50% [10]. - The total foreign exchange reserves reached $33,174 billion by the end of June 2025, an increase of $115.1 billion from the end of 2024 [6][10].

Core Insights - The State Administration of Foreign Exchange (SAFE) has reported significant progress in foreign exchange business reform, with 22 banks now participating in the initiative, which aims to enhance cross-border trade and investment facilitation [1][2] Group 1: Bank Participation - The 22 participating banks include 4 large banks, 9 joint-stock banks, 4 city commercial banks, and 5 foreign banks, indicating a diverse representation across the banking sector [2] - New entrants to the foreign exchange business reform this year include major banks such as China Construction Bank and foreign banks like Standard Chartered and JPMorgan [2] Group 2: Reform Impact - The foreign exchange business reform has streamlined processes, reducing the average time for quality clients to complete foreign exchange transactions by over 50%, thus providing tangible benefits to enterprises [3] - The number of classified quality clients has increased by 23% compared to the end of 2024, with over $200 billion in cross-border payment transactions processed based on client instructions this year [3] Group 3: Policy Framework - The foreign exchange business reform is a key component of the "more integrity, more convenience" policy framework, which aims to enhance foreign exchange services for the real economy [4] - The reform includes a focus on supporting technology-driven and small enterprises, optimizing due diligence processes, and establishing evaluation mechanisms for foreign exchange management policies [4]

Core Insights - In the first half of this year, six new banks have initiated foreign exchange business reform, bringing the total number of participating banks to 22 [1] - The participating banks include large state-owned commercial banks, national joint-stock commercial banks, urban commercial banks, and foreign banks, with business operations expanding nationwide [1] - Over 20,000 first-class clients have been identified by the participating banks, representing a 23% increase compared to the end of 2024 [1] - Since the beginning of this year, over $200 billion in cross-border payment and receipt transactions have been processed for clients based on their instructions [1]

Core Insights - The State Administration of Foreign Exchange (SAFE) announced that six new banks have initiated foreign exchange business reform in the first half of this year, bringing the total number of participating banks to 22 [1] - The participating banks include large state-owned commercial banks, national joint-stock commercial banks, urban commercial banks, and foreign banks, indicating a broadening of the reform's reach [1] - The scope of business for these banks has expanded nationwide, with over 20,000 clients classified as first-tier customers, representing a 23% increase compared to the end of 2024 [1]

Core Viewpoint - The recent reforms in bank foreign exchange operations in China have led to increased participation from banks, enhancing efficiency and convenience for enterprises while maintaining risk control [1][2]. Group 1: Reform Progress - The number of banks participating in foreign exchange operations has increased from 4 to 18, covering a nationwide scope [1]. - The participating banks include 3 large banks, 9 joint-stock banks, 3 city commercial banks, and 3 foreign banks [1]. - New additions to the participating banks this year include Jiangsu Bank and JPMorgan Chase [1]. Group 2: Operational Changes - The reform emphasizes the identification of clients and risk monitoring, allowing high-quality clients to process foreign exchange transactions without document review [2]. - The pilot departments for foreign exchange operations in banks are typically the International Business Department and Transaction Banking Department [2]. - The reforms have significantly reduced the operational costs and improved efficiency in processing foreign exchange transactions [2]. Group 3: Policy Framework - The foreign exchange operation reform is a key component of the "more integrity, more convenience" policy framework [2]. - The People's Bank of China aims to enhance foreign exchange services for the real economy and has outlined three key areas of focus [3]. - The focus areas include supporting innovation and small enterprises, optimizing the management framework for foreign exchange operations, and establishing evaluation mechanisms for foreign exchange management policies [3].

Group 1 - The core viewpoint of the article emphasizes the need for efficient cross-border fund management solutions as traditional settlement models face challenges in complexity and timeliness [1] - Financial institutions are responding to market demands by innovating technology and optimizing processes to create more convenient cross-border fund "highways" for enterprises [1] Group 2 - The reform of foreign exchange operations has become a key focus for banks to enhance the quality and efficiency of cross-border financial services [3] - Several commercial banks have upgraded their foreign exchange business processes, replacing traditional models with a single instruction system, significantly reducing operational costs and improving fund flow channels for enterprises [3] - A cross-border logistics company benefited from a bank's premium enterprise recognition, allowing direct handling of cross-border freight payment business, saving considerable time in document preparation [3] Group 3 - The demand for cross-border fund management is becoming increasingly diversified as multinational companies expand globally [4] - There is a growing need for centralized management of funds scattered worldwide, leading to the development of a "one point access to the globe" management model [4] - Banks are providing personalized services to meet the differentiated needs of clients, enhancing the effectiveness and security of fund management for multinational corporations [4]

Group 1 - The core viewpoint emphasizes the importance of efficient cross-border fund settlement for companies going global, highlighting the need for simplified processes and faster transaction times [1][2] - Financial institutions are responding to the demand for improved cross-border financial services by optimizing business processes and enhancing technology, aiming to balance convenience and risk management [1][2] - The Shanghai International Financial Center's action plan aims to enhance cross-border settlement efficiency and facilitate global fund management for enterprises [1][2] Group 2 - The action plan proposes optimizing foreign exchange business management and streamlining operational processes, allowing banks to implement differentiated and convenient financial services for enterprises [2][3] - Since the pilot reform of foreign exchange business, banks have improved service efficiency by automating processes and reducing the time required for transactions, with some businesses seeing a 70% reduction in document preparation time and a 70% decrease in financial manpower input [2][3] - The automation of document review and settlement processes has enabled banks to meet the time-sensitive needs of enterprises operating globally [3] Group 3 - As companies expand globally, the demand for cross-border fund management becomes more diverse, necessitating effective management of funds from overseas subsidiaries [4][5] - Banks are tailoring their services to meet the specific needs of different client groups, including both outbound and inbound enterprises, by providing personalized financial solutions [5][6] - The introduction of the "3.0 version" of the integrated currency pool policy by the State Administration of Foreign Exchange in Shanghai aims to facilitate global fund allocation for multinational companies [5][6] Group 4 - The action plan highlights the need to improve the global fund management system for corporate groups, acknowledging the differences in fund management policies and financial environments across countries [6] - There is a growing demand from high-quality technology enterprises for preferential treatment in fund pool policies to support cross-border fund flows [6]