Foreign Exchange Bureau: Improving The Large-Scale External Storage And Management System

< p > annual report referred to < a href= "//www.sjfzxm.com/news/index_c.asp" > foreign exchange < /a > the main idea of reserve management is also to strengthen the construction of management capability, and strive to improve the operation period and profitability of foreign exchange reserves under the premise of ensuring the safety and mobility of assets.

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< p > continue to put risk prevention in the first place, optimize the risk prevention and control mechanism, enhance risk management measures, and maintain the security of foreign exchange reserve funds.

We should explore and expand multi-level channels and ways of foreign exchange reserves to better support economic restructuring and pformation and upgrading.

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< p > with the clue of human, wealth, material and flow, we continue to improve the method system of < a href= "//www.sjfzxm.com/news/index_c.asp > > scientific management < /a >.

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< p > in the foreign exchange management of capital account, the annual report puts forward that this year we should accelerate the realization of the "a href=" //www.sjfzxm.com/news/index_c.asp "RMB < /a > capital account convertibility as the center, continue to deepen the reform of key areas of foreign exchange management of capital account, and facilitate the facilitation of cross-border investment and financing activities.

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< p > establish and improve the management system of foreign debts and capital flows under the framework of macro Prudential Management, continuously strengthen the statistical monitoring and post supervision of capital projects, and effectively promote the pformation of the functions of foreign exchange management of capital projects.

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At the same time, this year, the foreign exchange bureau will also improve the policy of market access, derivative products management and so on, and integrate the relevant laws and regulations of P.

We will further promote the innovative business of foreign exchange financial products in the Bank of "sink the people in the people".

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< p > support banks to carry out hedging and hedging business.

We will continue to promote the business innovation of individual foreign currency exchange licensing agencies.

We should further improve administrative licensing management, simplify procedures and facilitate foreign exchange receipts and payments of insurance institutions.

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< p > continue to do well in the examination and approval of QDII quota, and further regulate the foreign exchange management of non bank financial institutions.

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< p > related links: < /p >

< p > the data released by the State Administration of foreign exchange on 20 may show that in April 2014, China's Bank settled 926 billion 700 million yuan (equivalent to 150 billion 600 million US dollars), selling 867 billion yuan (equivalent value of 140 billion 900 million US dollars), and selling foreign exchange surplus by 59 billion 700 million yuan (equivalent 9 billion 700 million US dollars).

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< p > this is the ninth consecutive month of surplus in the foreign exchange settlement and sale of banks, but the balance has declined for three consecutive months, and has dropped by more than 70% over the past month. This is the case in August.

In the first three months of this year, the favorable balance of foreign exchange settlement and sales was 447 billion 500 million yuan (equivalent to 73 billion 300 million US dollars), 279 billion 600 million yuan (equivalent value 45 billion 700 million US dollars) and 246 billion 500 million yuan (equivalent 40 billion 200 million US dollars).

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< p > analysis shows that the favorable balance of foreign exchange sale and sale of banks has declined sharply, indicating that the willingness of the market participants to settle their foreign exchange will gradually weaken after the expected appreciation of the RMB exchange rate weakens.

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