2025-12-15 19:23:16
The State Administration of Foreign Exchange (SAFE) Party Group emphasized at the meeting that 2026 is the first year of the 15th Five-Year Plan, making economic work of great significance. The foreign exchange management department must be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, deeply understand the decisive significance of the "two establishments," resolutely uphold the "two safeguards," fully implement the deployment of the Central Economic Work Conference and the requirements of the National Financial System Work Conference, accurately grasp the "five musts," better coordinate development and security, and closely focus on the main line of preventing risks, strengthening supervision, and promoting high-quality development, striving to build a "more convenient, more open, more secure, and more intelligent" foreign exchange management system and mechanism. The following key tasks will be prioritized: First, focusing on enhancing the driving force and vitality of high-quality development. Deepening the reform of banking foreign exchange business and facilitating cross-border trade and investment, and increasing foreign exchange support for the real economy. Focusing on supporting technological innovation and small and micro enterprises, we will do a good job in the "five major articles" of finance. Deepening the development of the foreign exchange market, improving the efficiency of foreign exchange market resource allocation, and improving enterprise exchange rate risk management services. Actively supporting the development of new trade formats such as cross-border e-commerce. Second, steadily expanding high-level institutional opening-up in the foreign exchange field. We will adhere to the principle of both "flexible deregulation" and "effective management," aligning with high-standard international trade and economic rules, and strengthening the supply of high-quality foreign exchange policies. We will deepen the reform of foreign exchange management for foreign direct investment. We will optimize and upgrade foreign exchange management policies in free trade zones and free trade ports. Third, we will maintain the sound operation of the foreign exchange market. We will adhere to the bottom line, strengthen macro-prudential management and expectation guidance in the foreign exchange market, maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and maintain a basic balance of international payments. Fourth, we will further strengthen in-process and post-process supervision. We will utilize artificial intelligence, big data, and other technologies to empower intelligent supervision and accurately combat illegal and irregular activities in the foreign exchange field. Fifth, we will improve the management of foreign exchange reserves to ensure the safety, liquidity, and value preservation and appreciation of foreign exchange reserve assets. Sixth, we will strengthen the Party's overall leadership over foreign exchange management. We will persistently promote comprehensive and strict Party governance. We will consolidate and expand the results of the central inspection and rectification. We will promote the normalization and long-term effectiveness of style construction. We will build a high-quality, professional cadre team that is loyal, clean, and responsible. (State Administration of Foreign Exchange)