SAFE: Focus on building an open, diverse, functional, and competitive foreign exchange market

The State Administration of Foreign Exchange reported on March 3 that the State Administration of Foreign Exchange attaches great importance to the handling of proposals by deputies to the National People's Congress and members of the National Committee of the Chinese People's Political Consultative Conference. It regards the handling of proposals as an important measure for the government to perform its duties according to law, consciously accept supervision, and promote scientific and democratic decision-making. It carefully organizes and pays close attention to implementation. In 2022, the State Administration of Foreign Exchange handled a total of 23 proposals by deputies to the National People's Congress and 29 proposals by members of the National Committee of the Chinese People's Political Consultative Conference. Since the first session of the 13th National People's Congress and the first session of the 13th National Committee of the Chinese People's Political Consultative Conference, the State Administration of Foreign Exchange has handled a total of 129

Over the past five years, the delegates have continued to pay attention to the reform and development of the foreign exchange sector, focusing onforeign exchange marketOver the past five years, the State Administration of Foreign Exchange has adhered to the "one game of chess" arrangement of the handling of proposals and proposals with the work of the Foreign Exchange Administration Center, steadily promoted the high-level opening up of capital accounts, supported the pilot free trade zone and other open highlands to the outside world to try first, and strive to build an open, diverse, functional, and orderly competition foreign exchange market. Continuously improve the level of cross-border trade and investment and financing facilitation, continue to streamline administration and delegate power, optimize services, facilitate the handling of real compliance foreign exchange business, better meet the diverse foreign exchange needs of the people, and actively serve the high-quality development of the real economy.

In the process of handling proposals and proposals, the State Administration of Foreign Exchange actively communicates with the deputies, fully negotiates, enhances consensus, and responds realistically. At the same time, it deeply analyzes and studies the new viewpoints and new ideas in the proposals and proposals, so that the handling of proposals and proposals can become an important driving force for improving and perfecting foreign exchange management and enhancing the level of foreign exchange services. For example, Proposal No. 1946 of the National Committee of the Chinese People's Political Consultative Conference in 2022 proposes to build and improve a financial service system, continue to increase financial support, and promote the rapid growth and growth of "specialized and special" small and medium-sized enterprises. The State Administration of Foreign Exchange attaches great importance to continuously expanding cross-border financing channels for relevant enterprises, and supports enterprises to make better use of both domestic and international markets and resources. In May 2022, it issued the "Notice of the State Administration of Foreign Exchange on Supporting High-tech and" Specialized Special New "Enterprises to Carry out Cross-border Financing Facilitation Pilots", carried out cross-border financing facilitation pilots for high-tech and "Specialized Special New" enterprises in 17 provinces (cities) including Shanghai and Jiangsu, and allowed qualified relevant enterprises to borrow foreign debt independently within a certain amount. At the same time, it issued the "Guidelines for Cross-border Financing Facilitation Pilot Operations for High-tech and" Specialized Special New "Enterprises (Trial) " to promote the implementation of relevant pilot work and effectively benefit enterprises.

The first session of the 14th National People's Congress and the first session of the 14th National Committee of the Chinese People's Political Consultative Conference are about to be held. The State Administration of Foreign Exchange will deeply study and implement the spirit of the 20th National Congress of the Communist Party of China, do a solid job in handling the proposals and proposals of the National Two Sessions, and draw ideas and wisdom from the valuable suggestions of the deputies and members to help the high-quality development of the economy and society.