推动银行外汇展业改革提质扩面，相关银行全年凭客户指令办理外汇业务4400亿美元；推进资本项 目开放，全国推广跨国公司本外币一体化资金池政策，统一境内企业境外上市本外币资金管理政策，有 序发放合格境内机构投资者（QDII）投资额度；积极支持重点区域发展，实施外汇支持自贸试验区建 设一揽子便利化政策，联合印发进一步提升上海国际金融中心跨境金融服务便利化行动方案，支持海南 自贸港封关运作……回首2025年，外汇领域改革开放进一步深化拓展。 日前召开的2026年全国外汇管理工作会议对2025年外汇管理工作进行了总结，并对2026年重点工作 作出部署。国家外汇局党组书记、局长朱鹤新近日撰文指出，下一阶段，要稳步推进银行外汇展业改 革，促进金融机构顺畅高效办理外汇业务。积极支持新质生产力发展，强化对重大战略、重点领域、薄 弱环节的外汇服务。探索资本项目开放的新内涵、新路径、新举措，切实提升资本项目改革与涉外经济 发展和人民币国际化进程的协同性、匹配度。支持区域开放创新和特殊区域建设，打造对外开放新高 地。不断完善开放多元、功能健全、竞争有序的外汇市场。 推动银行外汇展业改革提质扩面 银行外汇展业改革是国家外汇管理局扩大外 ...

二是深化外汇便利化改革，着力增强高质量发展活力动力。优化贸易外汇业务管理，有序扩大跨境贸易 高水平开放试点，加大力度支持跨境电商等贸易新业态发展，完善企业贸易信贷报告管理。建设开放多 元、功能健全、竞争有序的外汇市场，支持金融机构开发简单好用的汇率避险产品，降低中小微企业汇 率避险成本，提升外汇市场基础设施服务水平。继续做好金融"五篇大文章"，拓展跨境金融服务平台应 用场景。强化外汇政策传导和评估，提高政策实施效果。 三是稳步推进外汇领域高水平制度型开放，助力多领域合作共赢。稳妥有序推进银行外汇展业改革，指 导已改革银行向全国范围的分支行扩围，稳步推动更多银行启动改革，加强展业改革与便利化政策融 合。出台境外放款、国内外汇贷款资金管理等政策，在全国实施跨国公司本外币跨境资金集中运营管理 政策。加强自贸试验区外汇政策集成式改革创新，支持上海、香港国际金融中心建设，支持海南自贸 港、粤港澳大湾区建设。 四是坚持底线思维，筑牢外汇市场"防波堤""防浪堤"。加强外汇形势分析研判，根据形势变化强化宏观 审慎管理和预期管理，维护外汇市场稳健运行。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ ...

会议部署了2026年外汇管理七方面重点工作：一是持之以恒推进全面从严治党；二是深化外汇便利化改 革；三是稳步推进外汇领域高水平制度型开放；四是坚持底线思维，筑牢外汇市场"防波堤""防浪堤"； 五是进一步巩固和强化外汇监管，提升开放监管能力和水平；六是保障外汇储备资产安全、流动和保值 增值；七是推进《外汇管理条例》修订，建设更高标准国际收支统计体系，稳步探索建设"智慧外管"。 ◎记者 范子萌 2026年全国外汇管理工作会议于1月5日至6日在京召开。会议深入学习贯彻党的二十届四中全会和中央 经济工作会议精神，总结2025年外汇管理工作，分析当前金融外汇形势，研究部署2026年重点工作。国 家外汇管理局党组书记、局长朱鹤新作工作报告。 会议强调，2026年，外汇管理工作要坚持稳中求进、提质增效，更好统筹发展和安全，着力构建"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，推动外汇领域深层次改革和高水平开 放，有效保障各类主体用汇需求，防范化解外部冲击风险，进一步加强事中事后监管，努力营造既"放 得活"又"管得好"的外汇政策环境，为"十五五"开好局、起好步贡献外汇力量。 针对进一步巩固和强化外汇监管，会 ...

本报讯 1月6日，据国家外汇管理局官网消息，2026年全国外汇管理工作会议1月5日至6日在京召开。会 议总结2025年外汇管理工作，分析当前金融外汇形势，研究部署2026年重点工作。 会议指出，2026年要稳步推进外汇领域高水平制度型开放，助力多领域合作共赢。稳妥有序推进银行外 汇展业改革，指导已改革银行向全国范围的分支行扩围，稳步推动更多银行启动改革，加强展业改革与 便利化政策融合。出台境外放款、国内外汇贷款资金管理等政策，在全国实施跨国公司本外币跨境资金 集中运营管理政策。加强自贸试验区外汇政策集成式改革创新，支持上海、香港国际金融中心建设，支 持海南自贸港、粤港澳大湾区建设。同时，坚持底线思维，筑牢外汇市场"防波堤""防浪堤"。加强外汇 形势分析研判，根据形势变化强化宏观审慎管理和预期管理，维护外汇市场稳健运行。（齐宣） （文章来源：期货日报网） ...

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference outlined seven key priorities for foreign exchange management, emphasizing the need for a more convenient, open, secure, and intelligent foreign exchange management system to support economic development and risk prevention [1]. Group 1: Deepening Foreign Exchange Facilitation Reform - The conference highlighted the need to deepen foreign exchange facilitation reform to enhance the vitality of high-quality development, including optimizing trade foreign exchange business management and expanding cross-border trade pilot programs [3]. - Support for cross-border e-commerce and new trade formats was emphasized, with over 10 billion online foreign exchange transactions processed, benefiting over 1.8 million small and micro businesses [4]. - The goal is to build a diverse and competitive foreign exchange market, reducing hedging costs for small and micro enterprises and improving service levels in foreign exchange market infrastructure [3]. Group 2: High-Level Institutional Opening in Foreign Exchange - The conference aims to steadily advance high-level institutional opening in the foreign exchange sector, facilitating multi-field cooperation [5]. - The reform of bank foreign exchange operations will be guided to expand coverage nationwide, with 30 banks participating and handling foreign exchange business worth $440 billion [5]. - Policies for cross-border capital management for multinational companies will be implemented, benefiting nearly 5,000 member enterprises [5]. Group 3: Strengthening Foreign Exchange Regulation - Strengthening foreign exchange regulation and maintaining a stable foreign exchange market are key focuses for 2026, with an emphasis on macro-prudential management and expectation management [8]. - The conference noted the importance of enhancing regulatory capabilities and maintaining strict enforcement, with over 1,100 illegal activities addressed in 2025 [8]. - As of November 2025, China's foreign exchange reserves stood at $33,464 billion, remaining stable, with plans to revise the Foreign Exchange Management Regulations [8].

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference emphasizes the need for high-level institutional opening in the foreign exchange sector to promote multi-field cooperation and win-win outcomes [1] Group 1: Key Initiatives - The conference plans to steadily advance reforms in bank foreign exchange operations, guiding reformed banks to expand their branches nationwide [1] - Policies will be introduced for overseas lending and domestic foreign exchange loan fund management, implementing cross-border capital centralized operation management for multinational companies [1] - There will be a focus on integrated reform and innovation of foreign exchange policies in free trade pilot zones, supporting the development of international financial centers in Shanghai and Hong Kong, as well as the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 2: Risk Management - The conference emphasizes maintaining a bottom-line thinking approach to strengthen the "breakwater" and "wave dam" of the foreign exchange market [1] - There will be an enhancement in the analysis and assessment of foreign exchange conditions, with a focus on macro-prudential management and expectation management to ensure the stable operation of the foreign exchange market [1]

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference emphasizes the importance of advancing high-level institutional openness in the foreign exchange sector to facilitate multi-field cooperation and mutual benefits [1] Group 1: Key Initiatives - Steady promotion of foreign exchange business reform in banks, guiding reformed banks to expand their branches nationwide [1] - Gradual initiation of reforms in more banks, enhancing the integration of business reform with facilitation policies [1] - Introduction of policies for overseas lending and domestic foreign exchange loan fund management, implementing cross-border centralized operation management for multinational companies' funds in both domestic and foreign currencies [1] Group 2: Support for Regional Development - Strengthening integrated reform and innovation of foreign exchange policies in free trade pilot zones [1] - Supporting the construction of international financial centers in Shanghai and Hong Kong [1] - Backing the development of Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [1]

Core Viewpoint - The meeting emphasized the importance of aligning foreign exchange management with the directives from the Central Economic Work Conference and the National Financial System Work Conference, focusing on enhancing economic work for 2026 and beyond [1][3][4]. Group 1: Economic Context and Goals - The year has been significant, with the Chinese government successfully navigating economic challenges, achieving key development goals, and preparing to conclude the "14th Five-Year Plan" [2]. - The year 2026 marks the beginning of the "15th Five-Year Plan," making effective economic management crucial [3]. Group 2: Key Focus Areas for Foreign Exchange Management - Enhance high-quality development by reforming bank foreign exchange operations and facilitating cross-border trade and investment, with a focus on supporting technological innovation and small and medium-sized enterprises [3]. - Expand high-level institutional openness in the foreign exchange sector, aligning with international trade rules and improving foreign investment management [3]. - Maintain stable operation of the foreign exchange market by ensuring the stability of the RMB exchange rate and balancing international payments [3]. - Strengthen regulatory oversight using advanced technologies like AI and big data to combat illegal activities in the foreign exchange sector [3]. - Improve management of foreign exchange reserves to ensure asset safety and value appreciation [3]. - Reinforce the leadership of the Communist Party in foreign exchange management and promote strict governance practices [3].

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are committed to implementing reforms in the foreign exchange sector, focusing on convenience, openness, security, and intelligence in the management system [1][2] Group 1: Policy Enhancements - The foreign exchange policy system will be improved to promote a "more trustworthy, more convenient" environment, with the number of enterprises able to conduct business via instructions increasing over five times since the end of 2020 [1] - Nine new policy measures will be introduced to enhance trade facilitation, including expanding the pilot scope for high-level cross-border trade openness and optimizing foreign exchange fund settlements for new trade entities [1] Group 2: Institutional Opening - High-level institutional opening in the foreign exchange sector will be promoted, with a focus on the internationalization of the Renminbi and high-quality capital account opening [1] - Recent policies include a comprehensive package for cross-border investment and financing, as well as new regulations for multinational companies' integrated currency pools and management of domestic companies' overseas listing funds [1] Group 3: Risk Management and Supervision - The foreign exchange market will adopt a "macro-prudential + micro-regulation" management approach, utilizing AI and big data for smart regulation and enhancing monitoring of cross-border capital flows [2] - The State Administration of Foreign Exchange will support innovative foreign exchange policies in Beijing, aiming to enhance the city's role in global economic stability and growth [2]

Core Points - The meeting led by Zhu Hexin emphasized the importance of the 20th Central Committee's Fourth Plenary Session, highlighting its role in guiding the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" for China's modernization efforts [1][2] - The meeting recognized the significant achievements during the "14th Five-Year" period, attributing them to the leadership of the Communist Party and the guiding principles of Xi Jinping's thought [2] - The "15th Five-Year" period is deemed crucial for solidifying the foundation of socialist modernization, with a focus on financial stability and high-quality development [2][4] Financial Management Strategies - The meeting outlined the need for centralized leadership in foreign exchange management, emphasizing the importance of the "two establishments" and the "four consciousnesses" [3] - It stressed the necessity of supporting high-quality economic development through reforms in foreign exchange policies and enhancing the financial services for the real economy [3] - The meeting called for expanding high-level openness in foreign exchange, promoting the internationalization of the Renminbi, and supporting trade innovation [3] Market Stability and Security - The meeting highlighted the importance of maintaining stability in the foreign exchange market and ensuring the safety of the national economy and financial system [4] - It proposed a dual management approach combining macro-prudential and micro-regulatory measures to monitor cross-border capital flows and maintain the Renminbi's stability [4] - The meeting emphasized the need for strict enforcement against illegal activities in the foreign exchange sector and the importance of safeguarding foreign exchange reserves [4]