【导读】央行发布《银行间外汇市场管理规定》 中国基金报记者 忆山 12 月 26 日，央行官网发布消息称，为规范和发展外汇市场，扩大高水平对外开放，保障各 方合法权益，防范相关风险，促进外汇市场 更好服务 实体经济，中国人民银行对《银行间外 汇市场管理暂行规定》（银发〔 1996 〕 423 号）进行修订，发布《银行间外汇市场管理规 定》（中国人民银行令 〔 2025 〕第 13 号 ），自 2026 年 2 月 1 日起施行。 第二条 本规定所称银行间外汇市场是指通过中国外汇交易中心（以下简称外汇交易中心）进 行人民币与外币交易的市场。 据介绍，新规定立足我国银行间外汇市场发展变化和监管实践，统筹整合有关制度规定，形 成系统性的监管框架和监管要求。 主要内容包括：第一，加强银行间外汇市场监管，从交易场所、资质条件、报价规范、交易 清算规则、信息管理、数据服务、自律管理等领域明确相应要求，实现业务监管全覆盖。第 二，维护外汇市场稳健运行，规范银行间外汇市场基础设施、境内外金融机构、货币经纪公 司、金融信息服务商权利和义务，要求遵循公开、公平、公正和诚实信用原则，保护市场参 与者合法权益。第三，推动银行间外汇市 ...

【大河财立方消息】12月26日，中国人民银行发布《银行间外汇市场管理规定》。 新规定立足我国银行间外汇市场发展变化和监管实践，统筹整合有关制度规定，形成系统性的监管框架 和监管要求。 主要内容包括： 一是加强银行间外汇市场监管，从交易场所、资质条件、报价规范、交易清算规则、信息管理、数据服 务、自律管理等领域明确相应要求，实现业务监管全覆盖。 二是维护外汇市场稳健运行，规范银行间外汇市场基础设施、境内外金融机构、货币经纪公司、金融信 息服务商权利和义务，要求遵循公开、公平、公正和诚实信用原则，保护市场参与者合法权益。 三是推动银行间外汇市场高质量发展，支持外汇市场基础设施根据市场需求不断丰富交易和清算品种、 币种、方式等，便利金融机构为客户提供外汇服务。 第三条 具有结汇、售汇业务经营资格的境内金融机构之间开展人民币与外币交易应通过外汇交易中心 进行。 境外金融机构参与银行间外汇市场应遵守中国人民银行和国家外汇管理局有关规定。 第四条 境内金融机构可选择双边清算或通过银行间市场清算所股份有限公司（以下简称上海清算所） 进行集中清算。 第五条 中国人民银行和国家外汇管理局负责监督管理银行间外汇市场。 第六条 银 ...

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are revising the interim regulations on the interbank foreign exchange market to enhance regulation and better serve the real economy, reflecting the need for updated frameworks in response to changing economic and financial environments [1][2]. Group 1: Regulatory Framework - The revised regulations aim to establish a comprehensive market supervision system, enhancing the forward-looking nature of foreign exchange market management [1][3]. - The interim regulations, first implemented in 1996, have been crucial for maintaining market order and protecting institutional rights, but require updates to meet current practical demands [2][3]. Group 2: Structure of the New Regulations - The new management regulations consist of four chapters: general provisions, management of market participants, business supervision, and supplementary provisions, totaling 35 articles [3]. - The regulations emphasize comprehensive supervision of all types of market participants by the People's Bank of China and the State Administration of Foreign Exchange, with clear management requirements and penalties [3]. Group 3: Market Infrastructure and Services - The regulations outline responsibilities and collaborative mechanisms for the infrastructure of the interbank foreign exchange market, including management of trading and clearing qualifications [3]. - Financial institutions are given autonomy in deciding participation in risk mitigation services, with a clear path for conducting RMB foreign exchange derivative transactions through domestic currency brokerage firms [3]. Group 4: Market Development - The management regulations propose to continuously enrich trading varieties and currencies based on market demand, adhering to market principles in providing data services [3].

Group 1 - The State Administration of Foreign Exchange (SAFE) Liaoning Branch focuses on supporting the real economy and enhancing cross-border trade and investment facilitation to provide strong financial support for high-quality foreign economic development [1] - In the first half of the year, foreign-related enterprises utilized RMB foreign exchange derivatives to manage exchange rate risks amounting to 3.22 billion USD, with a foreign exchange hedging ratio of 22.3% and 97 new enterprises engaging in exchange rate hedging for the first time [1] - The cross-border financial service platform has seen 7 banks assist 26 enterprises in conducting RMB foreign exchange derivative transactions, with a total signed amount of 130 million USD, improving the efficiency of these transactions [1] Group 2 - The SAFE Liaoning Branch promotes banks to provide foreign exchange settlement and related fund payment services for cross-border e-commerce enterprises, enhancing the convenience of foreign exchange settlements in this new trade format [2] - In the first half of the year, 17 direct export cross-border e-commerce transactions were processed, totaling 31,180 USD [2] - The branch has established 5 demonstration zones for payment services for foreign visitors, with 2,046 bank outlets and 53 authorized currency exchange institutions available to meet various cash exchange needs [2]

Group 1 - The core viewpoint of the article highlights the significant growth in the use of RMB foreign exchange derivatives by foreign-related enterprises in Liaoning Province, with a scale reaching 3.22 billion USD and a foreign exchange hedging ratio of 22.3% in the first half of 2025 [1] - The Liaoning branch of the State Administration of Foreign Exchange (SAFE) has been actively promoting the participation of banks and enterprises in facilitating trade foreign exchange receipts and payments, particularly for high-quality enterprises in specialized, green, and small foreign trade sectors [1] - In the first half of 2025, there were 11 new convenience enterprises established, including 10 small and medium-sized enterprises in specialized sectors, with a total convenience business transaction amount of 7.274 billion USD, accounting for 39.29% of total trade receipts and payments [1] Group 2 - The SAFE Liaoning branch has supported the healthy and standardized development of new trade formats such as cross-border e-commerce, with 17 transactions of direct bank collection for cross-border e-commerce exports totaling 31.18 thousand USD in the first half of 2025 [1] - The branch has also facilitated cross-border financing for small and medium-sized enterprises, with 42 enterprises receiving export accounts receivable financing amounting to 37.293 million USD [1] - As of the end of June 2025, there are 2,046 bank outlets in the region providing foreign currency exchange services for foreign personnel coming to China, along with 53 licensed institutions and 2 self-service exchange machines [2]