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To implement the spirit of the 19th National Congress of the CPC, further promote the reform of “delegation, administration and service” and drive the healthy development of foreign exchange insurance market, the State Administration of Foreign Exchange (SAFE) recently issued the Circular on Further Facilitating Insurance Companies in Settlement of Foreign Exchange Capital (Huifa No. 17 [2019], “the Circular”), in a bid to promote the facilitation of the exchange of insurance-related foreign exchange funds. The Circular mainly contains the following contents. The first is to cancel the approval for settlement of foreign exchange capital of insurance companies and implement the discretionary foreign exchange settlement system. An insurance company may handle the settlement of foreign exchange capital and funds raised through overseas IPO with a financial institution engaging in foreign exchange business (“financial institution”) according to the actual operating requirements. The second is to allow insurance intermediaries to conduct foreign exchange settlement or purchase for indemnities under insurance-related collection and payments for clients. Financial institutions shall examine the authenticity of foreign exchange settlement or purchase. The insurance agencies and insurance brokers that meet the requirements of the competent insurance authorities may directly handle foreign exchange settlement of indemnities under the insurance-related collection and payment for clients with a financial institution provided that the recipient of indemnities presents a power of attorney for foreign exchange settlement. The third is to improve the ongoing and ex-post regulation of foreign exchange insurance business. Business compliance requirements for insurance institutions such as reporting on negative issues shall be refined. The Circular will come into force on July 1, 2019. 2019-06-05/en/2019/0605/1521.html
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2019-09-04http://www.gov.cn/premier/2019-09/04/content_5427011.htm
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The State Administration of Foreign Exchange (SAFE) has recently disseminated the data on banks' foreign exchange settlement and sales and banks' foreign-related receipts and payments for customers for July 2019. SAFE Spokesperson and Chief Economist Wang Chunying answers media questions on foreign exchange receipts and payments for July 2019. Q: What were the characteristics of China’s foreign exchange receipts and payments in July 2019? What changes have occurred recently? A: Banks' foreign exchange settlement and sales and foreign-related receipts and payments were further balanced in July, indicating stable performance of the foreign exchange market. First, the deficit in banks' settlement and sales of foreign exchange registered a remarkable contraction. Banks' foreign exchange settlement and sales recorded a deficit of USD 6.1 billion in the month, down by 68% month on month. Other supply and demand factors e.g. forward settlement and sales of foreign exchange as well as options transactions indicate that supply and demand were basically balanced in the foreign exchange market. Second, non-banking sectors posted a balance in foreign-related receipts and payments. Non-banking sectors like enterprises and individuals recorded a slight deficit of USD 2.1 billion in foreign-related receipts and payments in July, versus a deficit of USD 9.1 billion in June. Moreover, expectations in the foreign exchange market remained stable, and cross-border capital flows through major channels were stable and growing. On the one hand, market players were more willing to settle than to buy foreign exchange. The foreign exchange settlement ratio that measures the willingness to settle foreign exchange, or the foreign exchange sold by customers to banks as a percentage of their foreign-related foreign exchange income, was 67%, up by 5 percentage points month on month. The foreign exchange sales ratio that measures the willingness to buy foreign exchange, or the ratio of foreign exchange purchased by customers from banks to the customer's foreign-related foreign exchange payments was 69%, down by 1 percentage point from the previous month. On the other hand, ongoing net cross-border capital inflows were recorded under enterprises' trade in goods and direct investment, and foreign exchange purchases by individuals were further stabilized. In July, foreign-related receipts and payments and foreign exchange settlement and sales under trade in goods represented higher month-on-month surpluses, foreign-related receipts and payments and foreign exchange settlement and sales under direct investment and portfolio investment registered stable surpluses, while foreign exchange purchased by individuals fell by 8% year on year. China's foreign exchange market has been in good order since the beginning of August. After the US unexpectedly announced the tariff measures at the beginning of August, global financial markets have responded dramatically and the RMB exchange rate also has undergone short-term adjustments. The foreign-related transactions by Chinese market players including enterprises and individuals show that banks' foreign exchange settlement and sales have registered a slight surplus, and cross-border receipts and payments have stayed basically stable since the beginning of August. This suggests that domestic economic fundamentals have played a significant role in underpinning the stability of China's foreign exchange market, and also indicates that as it becomes more mature and rational, China's foreign exchange market can better respond and adapt to the changing external environment. China will continue to ensure the continuity and stability of its foreign exchange administration policies, and step up efforts to liberalize and facilitate cross-border trade and investment, so as to lay a more solid foundation for stable performance of its foreign exchange market to serve the development of the real economy and the new landscape of comprehensive opening up. 2019-08-19/en/2019/0819/1548.html
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为贯彻落实党中央国务院有关深化金融供给侧结构性改革的决策部署，坚定不移推动外汇管理改革，促进非银行金融机构外汇业务发展，日前，国家外汇管理局批准中信证券股份有限公司、华泰证券股份有限公司和招商证券股份有限公司等3家证券公司结售汇业务试点资格，允许其在风险可控的前提下开展自身及代客即期结售汇业务，并按规定参与银行间外汇市场交易。 开展证券公司结售汇业务试点，有助于促进国内证券公司本币和外币业务均衡发展，加快培育国际一流投行，推动金融业高质量发展；有助于扩大外汇市场参与主体，丰富外汇交易品种，进一步提升外汇市场的深度、广度和活跃度，完善人民币汇率市场化形成机制。 下一步，国家外汇管理局将指导试点机构稳妥有序开展结售汇业务，适时总结试点经验，研究扩大外汇市场参与主体，促进非银行金融机构外汇业务健康发展。（完） 2019-09-05/safe/2019/0905/13992.html
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为进一步加强诚信宣传教育，提升全社会诚实守信意识，营造安全放心消费环境，优化营商环境，近日国家外汇管理局宁夏分局根据国家外汇管理局统一部署，并结合宁夏实际，制定印发了2019年“诚信兴商宣传月”活动方案。 宣传月活动从9月1日开始至9月30日结束，宣传主题为“建设诚信外汇市场，持续优化营商环境”。宁夏分局将组织辖区外汇局各市中心支局、支局及外汇银行借助社会公共宣传平台、网络社交平台、网络自媒体、公共交通载体等，通过印发宣传资料、现场培训宣讲、播放宣传片和短视频、微信公众号以及网络媒体宣传等方式，开展内容丰富、贴近实际的宣传活动，努力营造线上线下结合、多方主体参与的全方位宣传氛围。 2019-09-05/ningxia/2019/0905/1084.html
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为进一步拓宽对外金融资产负债及交易统计（以下简称“FAL”）申报主体范围，福建省分局在对福建省农村信用联合社（以下简称“省联社”）所辖机构相关业务进行摸底和评估的基础上，制定《分批次推进FAL数据报送工作方案》（以下简称《工作方案》），确定将省联社系统90家法人机构（含农商行、联社和村镇银行）分三批次纳入FAL申报主体范围。为确保各新增申报主体数据报送的完整性、及时性和准确性，福建省分局于2019年8月27日开展FAL专题视频培训，全辖90家新增申报主体相关部门人员和所在地外汇局国际收支业务人员共计300人参训。 会上，福建省分局首先围绕FAL数据报送整体框架，全面讲解各表统计内容、指标解释和填报要求，结合具体案例着重解读填报过程中的常见错误及核查关注点，并对下一步数据报送提出具体要求。随后，省联社有关部门负责人根据我分局前期指导意见，从银行端系统操作层面对数据报送流程、内部统筹协调、数据接口完善等进行讲解和布置。此次视频培训的顺利开展，极大增强了填报人员对FAL数据报送的认知，为后期申报主体扩容工作奠定了基础。 下一步，福建省分局将根据《工作方案》计划安排，落实下列工作：一是分别于2019年9月、10月和11月份三个批次有序推进90家新增申报主体FAL业务准入和数据上报工作，并着力做好业务指导和技术支持。二是密切跟踪新增申报主体数据报送情况，加大数据质量核查力度，确保申报数据完整、及时、准确。三是进一步督促省联社系统各法人机构建立数据质量控制长效机制，加强配套系统建设，切实提升数据申报工作效率和水平。 2019-08-30/fujian/2019/0830/991.html
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为进一步提高辖内外汇业务人员履职能力，防范外汇行政执法风险，近日莆田市中心支局举办2019年第二次外汇检查业务培训会，组织中支全体外汇业务人员学习外汇行政处罚信息公开的相关制度文件，对外汇行政处罚信息公开的原则、公开及更正流程、不予公开的情形、公开的信息内容、公开期限等进行了详细解读，并学习相关案例进行警示。 2019-08-23/fujian/2019/0823/990.html
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FILE：Annual Report of the State Administration of Foreign Exchange (2018) 2019-09-05/en/2019/0905/1549.html
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为促进辖区金融机构外汇业务的健康发展，提升基层银行业务人员合规经营意识，近日，三明市中心支局对辖区中国银行外汇业务人员开展外汇政策管理与规范业务操作专题培训，中行全辖分支机构共计60余名一线外汇从业人员参加此次培训。一是通过系统性的讲解，强化业务人员的外汇政策法规水平。针对个人外汇管理、国际收支统计申报、结售汇统计等重点业务，全面梳理了相关法规框架、法规内容，并结合个人结售汇案例、国际收支与结售汇统计案例，详细说明申报规范与操作要求。二是通过现场答疑，消除业务人员业务办理过程中的疑问。针对柜面一线人员及后台管理人员实际工作中遇到的问题和疑问，外汇局相关人员现场进行一一解答，并结合当前外汇管理工作重点，对银行执行外汇业务展业三原则、合理引导市场预期提出相关工作要求。参训人员反响良好，对外汇管理政策有了更加深刻的理解。此次培训对防范银行外汇业务政策风险和操作风险，推动辖区国际业务健康、稳健发展，起到积极的推动作用。 2019-08-22/fujian/2019/0822/989.html
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为进一步提高辖区外汇管理岗位人员对外汇管理内控制度的全面认识，强化全员业务操作合规性和防范风险能力，根据2019年内控监督工作计划，莆田市中心支局举办2019年度外汇管理内控制度培训，向辖区外汇管理人员介绍了当前内控制度体系，涉及十三项上级局或本局制定的内控制度共35个；创新学习方式，组织外汇管理人员学习讨论现行内控制度体系中有待完善的内容，加深各岗位人员对业务相关内控制度的熟悉程度，引导各岗位人员比照内控制度、查找日常工作中易发生的错误或需完善之处，提出健全各项内控制度执行的合理性建议。此次培训全面提升辖区外汇管理队伍对外汇管理内控制度的认识，强化全辖人员风险防控意识和监督自查的能力，为深化辖区外汇管理内控内审理论研究打下坚实基础，培训取得良好效果。 2019-08-16/fujian/2019/0816/985.html