Core Viewpoint - The State Administration of Foreign Exchange (SAFE) emphasizes the need to enhance cross-border investment and financing facilitation, aiming to implement a series of measures to support foreign investment and optimize foreign exchange management for high-quality economic development [1][2]. Group 1: Key Measures for Foreign Exchange Management - The meeting outlines a comprehensive approach to strengthen cross-border investment and financing, including the cancellation of registration for foreign investment enterprises' domestic reinvestment and facilitating cross-border financing for technology enterprises [1][2]. - Implementation of multinational corporate cash pool management policies and pilot programs for green foreign debt is highlighted as a priority [1][2]. - The meeting stresses the importance of enhancing foreign exchange monitoring and analysis, as well as macro-prudential management of cross-border capital flows [2]. Group 2: Reform and Opening-up in Foreign Exchange - The meeting calls for deepening reforms in the foreign exchange sector to support stable foreign trade development and optimize foreign exchange management for new trade formats [2]. - It emphasizes the need for regional support in open development, particularly in free trade zones and regions like Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [2]. Group 3: Risk Management and Regulatory Enhancements - The meeting addresses the necessity of preventing and mitigating external shock risks through enhanced monitoring and timely counter-cyclical adjustments to maintain market stability [2]. - It highlights the importance of improving regulatory capabilities under open conditions, including legal construction in foreign exchange management and the use of technology to enhance regulatory efficiency [2]. Group 4: Development of Foreign Exchange Management Systems - The meeting emphasizes the need to improve the management of foreign exchange reserves to ensure asset safety, liquidity, and value preservation [2]. - It also discusses the construction of an international balance of payments statistical system and the implementation of the seventh edition of the "Balance of Payments and International Investment Position Manual" [2][3]. Group 5: Overall Improvement of Foreign Exchange Management - The meeting calls for a comprehensive enhancement of foreign exchange management work, including pre-policy evaluation and post-implementation tracking [3]. - It encourages the development of "digital foreign exchange management" and "smart foreign exchange management" to enrich cross-border financial service applications [3].

Group 1 - The core viewpoint emphasizes the establishment of a more convenient, open, secure, and intelligent foreign exchange management system to support high-quality economic development and modernization in China [1] Group 2 - The reform and opening up of the foreign exchange sector will support stable foreign trade development through a comprehensive policy package, including optimizing foreign exchange fund settlement for new foreign trade entities and facilitating centralized management of overseas funds for contracting enterprises [2] - The promotion of cross-border investment and financing facilitation includes measures such as canceling the registration of reinvestment by foreign-invested enterprises and easing cross-border financing for technology enterprises [2] - The implementation of a multinational corporate cash pool management policy and pilot programs for green foreign debt will enhance the management of funds for domestic enterprises listed abroad [2] - The banking sector will undergo reforms to expand and improve foreign exchange operations, while the foreign exchange market will continue to develop with enhanced services for enterprise exchange rate risk management [2] - There will be a focus on monitoring and analyzing foreign exchange conditions to mitigate external shocks, with macro-prudential management of cross-border capital flows and timely counter-cyclical adjustments to maintain market stability [2] - The regulatory capacity and level under open conditions will be improved, including strengthening the legal framework for foreign exchange management and utilizing technology to enhance regulatory efficiency [2] - The management of foreign exchange reserves will be refined to ensure asset safety, liquidity, and value preservation [2] - The construction of an international balance of payments statistical system will be advanced, with the implementation of the seventh edition of the "Balance of Payments and International Investment Position Manual" [2] - Overall enhancement of foreign exchange management work will include pre-policy evaluation and post-implementation tracking, alongside the development of "digital foreign exchange management" and "intelligent foreign exchange management" [2]

朱鹤新：将建立健全"更加便利、更加开放、更加安全、更加智慧"的外汇管理体制机制 金十数据6月18日讯，在2025陆家嘴论坛上，中国人民银行副行长、国家外汇管理局局长朱鹤新表示， 将建立健全"更加便利、更加开放、更加安全、更加智慧"的外汇管理体制机制，为我国经济高质量发展 提供更加有力的外汇支持。加强外汇管理改革创新，不断完善"越诚信越便利"的外汇政策体系，积极提 升外汇服务实体经济质效。加强改革整体谋划和系统集成，推动外汇领域高水平制度型开放，强化本外 币一体化管理。加强外汇市场"宏观审慎+微观监管"两位一体管理，维护外汇市场稳定和国家经济金融 安全。加强"智慧外管"建设，妥善运用人工智能、大数据等科技手段，提升外汇管理数字化智能化水 平。 （金融时报） ...