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2019年上半年中国国际收支报告 2019-10-12/yunnan/2019/1012/648.html
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The State Administration of Foreign Exchange (SAFE) has recently released the data on banks' foreign exchange settlement and sales as well as their foreign-related receipts and payments for customers for August 2019. Wang Chunying, SAFE Press Spokesperson and Chief Accountant, answered relevant media questions. Q: Could you brief us on the changes in China's foreign exchange receipts and payments for August 2019? A: In this month, the deficit in banks' foreign exchange settlement and sales contracted and the foreign exchange market maintained a basic equilibrium between supply and demand. Despite a higher deficit in foreign-related receipts and payments recorded in the non-banking sector including individuals and enterprises, the foreign exchange market sustained a basic equilibrium between supply and demand, considering foreign exchange receipts and payments in the banking sector. On the one hand, the deficit in banks' foreign exchange settlement and sales shrank steadily, reaching a slight USD 5.4 billion in August, down by 12% month-on-month and 64% year-on-year. On the other hand, foreign exchange reserves stayed stable and hit USD 3.1072 trillion by the end of August, up by USD 3.5 billion month-on-month. Foreign exchange market expectations remained stable and foreign exchange supply and demand through major channels were steady and orderly. Market players' desire to settle foreign exchange was reinforced and their desire to sell foreign exchange remained stable. In August, the foreign exchange settlement ratio, measure of players' desire to settle foreign exchange, or the ratio of foreign exchange sold by customers to banks to their foreign-related foreign exchange receipts, stood at 73%, up by 6 percentage points month-on-month. The foreign exchange sales ratio, measure of players' desire to purchase foreign exchange, or the ratio of foreign exchange bought by customers from banks to their foreign-related foreign exchange payments, arrived at 69%, consistent with a month earlier. Under this context, trade in goods and direct investment remained as the major contributors to the surplus in foreign exchange settlement and sales for the month; enterprises' purchases of foreign exchange with ROI represented a seasonal decline; individuals' settlement of foreign exchange rose by 8% year-on-year and their purchases of foreign exchange fell by 17%. China's foreign exchange market remained stable, which was more obvious amid the complex and changing external environment. Despite more fluctuating external environment since the beginning of August, China's foreign exchange market was in a good order, and market players' trading behaviors were rational and orderly, indicating China's foreign exchange market was more mature and more adaptable to changes in external environment and also suggesting the significant support from China's economic fundamentals. Going forward, we will work to ensure the continuity and stability of China's foreign exchange administration policies, further liberalize and facilitate cross-border trade and investment, refine the management framework for cross-border capital flows that are aligned with a higher level of opening, so as to further solidify the foundation for stable performance of China's foreign exchange market. 2019-09-19/en/2019/0919/1567.html
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The State Administration of Foreign Exchange (SAFE) has recently disseminated China's external debt data as at the end of June 2019. The SAFE spokesperson and Chief Economist Wang Chunying answered media questions on China’s recent external debt situations. Q: Could you brief us on China's external debt data for the second quarter of 2019? A: In the second quarter of 2019, China posted slight growth in external debt. As at the end of June, China's full-scale outstanding external debt denominated in both domestic and foreign currencies amounted to USD 1.998 trillion, up by USD 26.3 billion or 1.3% from the end of March, mainly due to the growth in the balance of debt securities. Overall, China's external debt structure has been optimized, strengthening the stability of external debt. Since RMB bonds issued within China were included in the Bloomberg Barclays Global Aggregate (BBGA) in April 2019, global investors have raised their recognition of China's bonds market and invested more in RMB bonds issued within China. In the second quarter, over 70% of China's full-scale external debt increments were driven by the purchases of domestic RMB bonds by non-residents, especially mid and long-term investors like central banks, facilitating continuous optimization of external debt structure. By the end of June, the ratio of mid and long-term external debt had risen by 3 percentage points quarter-on-quarter, and the ratio of external debt in RMB terms, 1 percentage point quarter-on-quarter. China's major external debt metrics were all within the internationally accepted security ranges, indicating the external debt risk is controllable on the whole. In the year to date, China's economic performance has improved while staying stable, with the economic structure constantly optimized, showing the great resilience, potential and leeway for economic growth. The balance of payments has maintained overall equilibrium, revealing risks associated with external debt are controllable. Going forward, the SAFE will continue deepening the foreign exchange administration reform and advancing financial liberalization, while guarding against the risks arising from abnormal cross-border capital flows, to ensure China's economic and financial security. 2019-09-27/en/2019/0927/1573.html
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Q: According to the latest foreign exchange reserves data disseminated by the State Administration of Foreign Exchange, could you brief us on the causes of the changes for July 2019? What would you say about the future trends? A: By the end of July 2019, China's foreign exchange reserves amounted to USD 3.1037 trillion, up by USD 31 billion or 1% from the beginning of the year. China's foreign exchange market remained stable in July. In the global financial markets, due to the impacts from global trade situations, central banks' monetary policies in major countries, the prospects of Brexit and geopolitics, the exchange rates of major currencies against the dollar declined and the bond indexes increased. The foreign exchange reserves were affected by a combination of factors, e.g., foreign exchange rate conversions and asset price changes. In the year to date, despite heightening risks and challenges from global markets, China's economy has grown steadily, with major macroeconomic indicators falling within the reasonable ranges. As a result, China has witnessed stable cross-border capital flows, supply-demand balance in the domestic foreign exchange market and steady foreign exchange reserves with normal monthly fluctuations. Going forward, the global political and economic environments will remain challenging and trade protectionism and populism will rise, which will pose heavier downside pressure on the world economy and lead to more fluctuating financial markets. But as China's fundamentals stay robust and real economic sectors and financial markets feature strong resilience and potential, China will withstand external shocks and continue to advance reform and opening up in all respects, which will underpin the overall stability of its foreign exchange reserves. 2019-08-07/en/2019/0919/1556.html
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Since the beginning of 2019, guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, and following the spirit of the 19th CPC National Congress and the 2nd and 3rd Plenary Sessions of the 19th CPC Central Committee, and the requirements of Central Economic Work Conference and the National Conference on Financial Work, the State Administration of Foreign Exchange (SAFE) has deepened foreign exchange reform in key areas, and been committed to legislation and files consolidation in key areas. For easy access and search by the public, the SAFE has recently updated the Catalogue of Major Effective Laws and Regulations on Foreign Exchange Administration (Catalogue), and released it in the "Policies & Regulations" section on its official website. The upgraded Catalogue contains 223 main laws and regulations on foreign exchange administration released as of June 30, 2019, which fall into eight categories including general foreign exchange administration, foreign exchange administration under the current account, foreign exchange administration under the capital account, regulation of the foreign exchange business of financial institutions, the RMB exchange rate and the foreign exchange market, balance-of-payments and foreign exchange statistics, foreign exchange inspections and application of the laws and regulations, and the scientific administration of foreign exchange, and several sub-categories by specific business type. The additions to the Catalogue this time revolve around foreign exchange administration for payment institutions, centralized operations and management of MNCs' cross-border capital, etc. The SAFE will continue to carry out the decisions and plans of the CPC Central Committee and the State Council, with a focus on deepening the reform of foreign exchange administration, and advancing legislation and files consolidation in key areas, so as to facilitate the understanding and use of foreign exchange administration regulations by market players including banks, companies and individuals, promote liberalization and facilitation of cross-border trade and investment and improve the service level for the real economy. (End) 2019-07-24/en/2019/0724/1550.html
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To implement the decisions and arrangements of the CPC Central Committee and the State Council on deepening the financial supply-side structural reform, drive the foreign exchange administration reform, and fuel the foreign exchange business growth in non-banking financial institutions, the State Administration of Foreign Exchange (SAFE) has recently approved of piloting in 3 securities companies for foreign exchange settlement and sales, including CITIC Securities Company Limited, Huatai Securities Company Limited and China Merchants Securities Co., Ltd., allowing them to conduct spot foreign exchange settlement and sales for themselves and their customers while keeping risks under control and to transact in the interbank foreign exchange market in compliance with rules and regulations. Such a pilot program will help drive balanced growth of both domestic and foreign currencies in domestic securities companies, speed up the fostering of world-class investment banks, and boost the high-quality growth of the financial industry. It will also contribute to expansion of players in the foreign exchange market and diversification of categories for foreign exchange transactions, and further fuel the growth of the foreign exchange market in depth, width and activeness and improve the market-based RMB exchange rate formation mechanism. The SAFE's next steps are to guide pilot companies to conduct foreign exchange sales and settlement in a good order and summarize their experience and learnings, and to attract more players into the foreign exchange market, so as to boost the healthy growth of foreign exchange businesses in non-banking financial institutions. 2019-09-05/en/2019/0905/1554.html
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Catalogue of Major Effective Laws and Regulations on Foreign Exchange Administration (as of June 30, 2019) 2019-07-24/en/2019/0724/1551.html
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9月26日，张家界市中心支局赴货物贸易新登记名录企业“张家界旅典文华有限公司”开展调研。 首先，驱车前往该公司的武陵源生产基地，实地查看了土家织锦（西兰卡普）生产车间、产品展示区。其次，开展座谈，企业法人汇报近年来企业产品经营、销售、研发、出口贸易计划等情况，以及公司的融资需求。该公司致力于发展民族文化“乖幺妹”品牌，特别是坚持“公司+农户+基地”的生产模式，开展产业扶贫，有效带动了索溪峪街道和协合乡等12个村（居）466户1463个贫困人口脱贫增收。同时，该公司依托自主培训自建基地，极力参与打造旅游产业园，并积极走出国门参加各国展销会的运营方式得到高度认可，为百姓特别是建档立卡贫困户带来实实在在的利益。 最后，张家界市中心支局对该公司的经营发展提出了四点建议：一是应对中美贸易摩擦所带来的负面影响，主动研判国际贸易新时态，加快转型，加大特色产品研发，积极发展拳头产品，积极拓展海外市场。同时，也要立足国内市场，扩展国内销售渠道，在困境中继续做大做强。二是入驻“知名”电商，发挥电商平台的优势，向国内外广泛宣传产品，提高产品在国内外的知名度。三是加强文化自信，充分挖掘张家界“非物质文化遗产”，继续致力于民族文化资源的整合、开发和传承推广，丰富民族文化内涵。四是继续用好扶贫小额贷款政策，利用“公司+基地+农户”模式，强化公司经营，将公司红利惠及建档立卡贫困户。 2019-09-27/hunan/2019/0927/1147.html
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9月28日，在新中国成立70周年之际，怀化市中心支局外汇管理科党支部全体党员赴怀化市靖州县新厂镇的红军烈士陵园参观红色教育基地，开展“守初心、担使命、传承红色基因”主题党日活动。 红军烈士陵园是为了纪念一九三四年九月十八日，中国工农红军长征先遣队——第六军团在肖克、王震同志率领下，自通道抵进新厂时与国民党军第四总队激战，为争取红军行军主动，将敌于善里所部第五十二团、第三团全歼，为确保红军主力“通道转兵”顺利挺进开辟了前进通道的英勇事迹而建立。 怀化市中心支局外汇管理科党支部按照《怀化市中心支行“不忘初心、牢记使命”主题教育活动实施方案》有关“八个一”活动的要求，学习习近平总书记“不忘初心、牢记使命”重要讲话精神，按照“理论学习有收获、思想政治受洗礼、干事创业敢担当、为民服务解难题、清正廉洁作表率”的要求狠抓教育落实。 本次活动，一是向红军英雄纪念碑敬献花篮；二是在红军英雄纪念碑前重温入党誓词；三是在红军英雄纪念碑前，以革命先烈为镜子找差距，扎实开展批评与自我批评活动。 2019-09-29/hunan/2019/0929/1150.html
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