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为推进海南自由贸易港建设，进一步提升贸易便利化水平，经国家外汇管理局批准，国家外汇管理局海南省分局草拟了《国家外汇管理局海南省分局关于开展贸易外汇收支便利化试点的指导意见（征求意见稿）》（见附件），现向社会公开征求意见。根据相关规定，公开征求意见的时间原则上不少于30日，请有关单位或个人于2020年5月30日前，通过信函方式反馈意见，并在信封上注明“贸易外汇收支便利化征求意见”字样。如有提出意见的，请随函留下联系人和联系方式，以便进一步联系。 邮寄地址：海南省海口市滨海大道83号琼泰大厦国家外汇管理局海南省分局经常项目管理处（邮编：570105） 附件：国家外汇管理局海南省分局关于开展贸易外汇收支便利化试点的指导意见（征求意见稿） 国家外汇管理局海南省分局 2020年4月29日 2020-04-29/hainan/2020/0429/1170.html
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合格境内机构投资者（QDII）投资额度审批情况表（截至2020年3月31日） 2020-04-29/shenzhen/2020/0429/694.html
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中共中央总书记、国家主席、中央军委主席、中央全面深化改革委员会主任习近平4月27日下午主持召开中央全面深化改革委员会第十三次会议并发表重要讲话。他强调，我国疫情防控和复工复产之所以能够有力推进，根本原因是党的领导和我国社会主义制度的优势发挥了无可比拟的重要作用。发展环境越是严峻复杂，越要坚定不移深化改革，健全各方面制度，完善治理体系，促进制度建设和治理效能更好转化融合，善于运用制度优势应对风险挑战冲击。 中共中央政治局常委、中央全面深化改革委员会副主任李克强、王沪宁、韩正出席会议。 会议审议通过了《关于健全公共卫生应急物资保障体系的实施方案》、《关于推进医疗保障基金监管制度体系改革的指导意见》、《创业板改革并试点注册制总体实施方案》、《全国重要生态系统保护和修复重大工程总体规划（2021－2035年）》、《关于深化体教融合促进青少年健康发展的意见》、《党的十九届四中全会重要改革举措实施规划（2020－2021年）》。 会议听取了党的十八届三中全会以来科技体制改革进展情况和下一步改革思路汇报。 会议指出，打赢疫情防控人民战争、总体战、阻击战，医疗物资保障是重要基础支撑。这次抗击新冠肺炎疫情，在党中央领导下，有关部门协同配合、多措并举，紧急组织企业迅速复工达产、多种方式扩大产能和增加产量，实行国家统一调度，建立绿色通道，保障了重点地区医疗物资供应。提高公共卫生应急物资保障能力，要加强顶层设计、优化部门协同，按照集中管理、统一调拨、平时服务、灾时应急、采储结合、节约高效的要求，围绕打造医疗防治、物资储备、产能动员“三位一体”的物资保障体系，完善应急物资储备品种、规模、结构，创新储备方式，优化产能保障和区域布局，健全公共卫生应急物资保障工作机制，确保重要应急物资关键时刻调得出、用得上。 会议强调，医保基金是人民群众的“看病钱”、“救命钱”，一定要管好用好。在这次抗击新冠肺炎疫情过程中，国家医保局、财政部等部门及时出台有关政策，把新冠肺炎诊疗救治纳入医保基金支付范围并预付部分资金，确保患者不因费用问题影响就医、收治医院不因支付政策影响救治，体现了我国社会主义制度的优越性。要坚持完善法治、依法监管，坚持惩戒失信、激励诚信，构建全领域、全流程的基金安全防控机制，维护社会公平正义，促进医疗保障制度健康持续发展。 会议指出，推进创业板改革并试点注册制，是深化资本市场改革、完善资本市场基础制度、提升资本市场功能的重要安排。要着眼于打造一个规范、透明、开放、有活力、有韧性的资本市场，推进发行、上市、信息披露、交易、退市等基础性制度改革，坚持创业板和其他板块错位发展，找准各自定位，办出各自特色，推动形成各有侧重、相互补充的适度竞争格局。 会议强调，推进生态保护和修复工作，要坚持新发展理念，统筹山水林田湖草一体化保护和修复，科学布局全国重要生态系统保护和修复重大工程，从自然生态系统演替规律和内在机理出发，统筹兼顾、整体实施，着力提高生态系统自我修复能力，增强生态系统稳定性，促进自然生态系统质量的整体改善和生态产品供给能力的全面增强。 会议指出，深化体教融合促进青少年健康发展，要树立健康第一的教育理念，推动青少年文化学习和体育锻炼协调发展，加强学校体育工作，完善青少年体育赛事体系，帮助学生在体育锻炼中享受乐趣、增强体质、健全人格、锻炼意志，培养德智体美劳全面发展的社会主义建设者和接班人。 会议强调，党的十九届四中全会重要改革举措实施规划（2020－2021年），是坚持和完善中国特色社会主义制度、推进国家治理体系和治理能力现代化的施工图，要把握全面深化改革的阶段性特点和要求，注重系统集成、协同高效，一体推进坚持和巩固制度、完善和发展制度、遵守和执行制度。 会议指出，党的十八届三中全会以来，我们系统布局和整体推进科技体制改革，通过破除体制性障碍、打通机制性梗阻、推出政策性创新，显著增强了各类主体创新动力，优化了创新要素配置，提升了国家创新体系整体效能，推动我国科技事业取得了新突破。同时，也要看到，科技体制改革任务落实还不平衡不到位，一些重大改革推进步伐不够快，相关领域改革协同不足，一些深层次制度障碍还没有根本破除。要从体制机制上增强科技创新和应急应变能力，加快构建关键核心技术攻关新型举国体制，补短板、强弱项、堵漏洞，提升科技创新体系化能力。要创新科技成果转化机制，打通产学研创新链、产业链、价值链。要抓好科研经费管理、科研评价、科技伦理、作风学风建设等基础性制度落实，激发创新创造活力。 会议强调，当前，我国疫情防控向好态势进一步巩固，我们仍要坚持底线思维，做好较长时间应对外部环境变化的思想准备和工作准备，谋划推进改革要有一揽子考虑和安排，围绕做好“六稳”工作、落实“六保”任务，把防风险、打基础、惠民生、利长远的改革有机统一起来。对有助于促进复工复产、居民就业、投资消费、中小微企业发展、基本民生、脱贫攻坚的改革举措，要集中力量推进。对经济社会发展中的短板弱项和风险挑战，要有前瞻性谋划，聚焦公共卫生、生物、粮食、能源、金融、网络、防灾备灾、社会治理等重点领域，坚持统筹发展和安全，坚持预防预备和应急处突相结合，抓住时机，主动作为。对事关经济高质量发展的体制机制问题，要抓住完善要素市场化配置、转变政府职能、优化营商环境、扩大国内需求、稳定产业链供应链、推进城乡融合发展、加快科技创新、扩大对外开放、促进人与自然和谐共生等重要方面，加强系统集成，统筹部署推进。要深化对改革规律的认识，根据时与势的变化不断完善，在解决实际问题中不断深化，使改革更加符合实际、符合经济社会发展新要求、符合人民群众新期待。 今年是全面深化改革的一个重要节点，既要确保党的十八届三中全会提出的在重要领域和关键环节改革上取得决定性成果，又要在贯彻党的十九届四中全会部署的改革上开好局。各地区各部门要坚定信心、迎难而上，坚定不移把党中央部署的各项改革任务落实好。 中央全面深化改革委员会委员出席会议，中央和国家机关有关部门负责同志列席会议。 2020-04-29/shanghai/2020/0429/1306.html
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国务院总理李克强4月28日主持召开国务院常务会议，听取2019年全国两会建议提案办理情况汇报，促进科学民主决策、提升政府治理效能；部署加快推进信息网络等新型基础设施建设，推动产业和消费升级。 会议指出，办理人大代表建议和政协委员提案，是政府按照全面依法治国要求依法履职、自觉接受人民监督的重要体现，也是汇聚众智众力科学民主施政、推动工作的重要途径。去年国务院部门牵头办理全国人大代表建议7162件、全国政协委员提案3281件，分别占建议、提案总数的87.8%和85%。相关部门认真研究采纳代表和委员们提出的意见建议，在此基础上出台1500余项政策措施，有力推动了打好脱贫攻坚战、增强创新能力、深化“放管服”改革、支持中小微企业发展等工作开展。会议要求，要以高度责任感，继续抓好今年人大代表建议和政协委员提案办理，深入倾听社会和人民群众呼声，凝聚共识，更有针对性做好政府工作。一要将办理工作和业务工作相结合，重点围绕做好“六稳”工作、落实“六保”任务，广泛深入听取社会各方面意见，向代表和委员问需问计问策，把他们的真知灼见转化为统筹推进疫情防控和经济社会发展的政策措施。二要切实提高办理质量。聚焦群众普遍关注的热点、市场主体反映强烈的痛点出实招，努力推动加快解决。对代表和委员反映集中的事项，要建立台账挂牌督办，答复承诺要做的工作必须尽快落实，增强企业和群众获得感。三要把与代表和委员沟通交流贯穿到办理工作全过程，通过邀请调研、专题座谈、登门走访等多种方式，建立政府部门与代表和委员沟通联系的“直通车”。要坚持开门办理，主动公开涉及公共利益、群众广泛关注的建议提案复文，及时回应社会关切。 会议指出，按照党中央、国务院部署，加快信息网络等新型基础设施建设，以“一业带百业”，既助力产业升级、培育新动能，又带动创业就业，利当前惠长远。一要根据发展需要和产业潜力，推进信息网络等新型基础设施建设。创新投资建设模式，坚持以市场投入为主，支持多元主体参与建设，鼓励金融机构创新产品强化服务。加强政府引导和支持，为投资建设提供更多便利。二要着眼国内需求，以应用为导向，挖掘我国市场规模巨大的潜能，积极拓展新型基础设施应用场景。瞄准产业升级和智能制造发展，引导各方合力建设工业互联网。适应群众数字消费新需求，促进网上办公、远程教育、远程医疗、车联网、智慧城市等应用。推动通信与相关行业双向开放与合作，消除行业应用壁垒，为平台经济发展和行业开放融合营造良好环境，构建平台及其参与者互促共赢的生态。保障个人隐私和网络、数据安全。三要深化相关领域国际开放合作，推动互利共赢、共同发展。 会议还研究了其他事项。 2020-04-29/shanghai/2020/0429/1307.html
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针对当前新冠肺炎疫情呈现好转且各涉外企业复工复产急需政策支持的情况，国家外汇管理局河池市中心支局以服务企业、服务大局为着力点，组建青年突击队，以实际行动力助企业复工复产取得实效。 一是送政策入企业，帮助企业解决实际困难。深入涉外企业疫情防控第一线，走访调研了解复产企业存在的问题，同时把各项涉外扶持政策第一时间送到企业手中。截至4月13日，通过建立外汇政策绿色通道，窗口指导等方式，指导涉外银行为企业和个人办理疫情涉外业务37笔（疫情防控物资5笔，复工复产便利收支10万美元以上的32笔），有效的支持了涉外主体复工复产。 二是手把手指导企业办理自营出口。制作自营出口一站式宣传资料，指导广西天峨县长安制衣有限公司等7家企业到商务、海关、外汇局和涉外银行快速办理出口手续，截至4月13日，推动广西巴马康达医疗器械有限公司等企业成功出口口罩防护服等防疫物资，助力全球抗击疫情。 2020-04-13/guangxi/2020/0413/1639.html
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4月20日，宁夏分局通过“腾讯会议”APP组织召开2020年上半年银行外汇业务合规与审慎经营评估情况通报会议。辖区各外汇银行相关负责人、业务人员及宁夏分局相关人员共40余人参加了会议。 会议通报了2020年上半年外汇业务合规与审慎经营评估情况，并就进一步加强合规与审慎经营、提升风险防范水平提出具体要求：一是始终坚持服务实体经济，认真落实各项外汇便利化政策措施，正确处理促便利与强内控的关系，扎实做好下半年评估周期内的各项工作。二是准确研判当前经济金融外汇形势，增强依法合规经营意识，严守风险底线。三是发挥自律机制功能和银行身处一线优势，强化外汇政策解读和宣传，配合做好预期引导，进一步维护辖区外汇市场稳定。 2020-04-26/ningxia/2020/0428/1323.html
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4月15日，国家外汇管理局钦州市中心支局赵合金副行长率队到广西蚂蚁洋货供应链管理有限公司开展调研，通过座谈了解企业当前跨境电商业务运营情况、存在困难，向企业宣传解读相关自贸区金融创新以及外汇局新8条便利化措施政策，鼓励企业加强与银行对接融资需求。此次调研活动为更好地服务辖区电子商务企业开展跨境电商业务，积极利用自贸区平台开展跨境业务创新打下良好的基础。 2020-04-16/guangxi/2020/0416/1637.html
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为深入了解企业复工复产情况，4月8日，国家外汇管理局柳州市中心支局调研组一行到鹿寨县的贵盛茧丝工贸有限公司、闽佳木业有限公司2家企业开展调研，了解企业经营和复工复产状况及融资需求，并现场为企业宣讲解读区块链跨境融资服务、复工贷等政策，为企业带去政策春风。 2020-04-09/guangxi/2020/0409/1638.html
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The State Council Information Office held a press conference starting at three pm on Friday, April 17, 2020. Wang Chunying, Press Spokesperson, Chief Economist, and Director-General of the Balance of Payments Department of the State Administration of Foreign Exchange (SAFE), was invited to release the foreign exchange receipts and payments data for the first quarter of 2020, and answer media questions. Xi Yanchun: Friends from the press, ladies and gentlemen, welcome to this press conference held by the State Council Information Office. We are pleased to have with us here Wang Chunying, Spokesperson, Chief Economist, and Director-General of the Balance of Payments Department of the State Administration of Foreign Exchange. She will share with us the foreign exchange receipts and payments data for the first quarter of 2020 and take your questions. Now I will give the floor to Ms. Wang Chunying. 15:00:42 2020-04-17 Wang Chunying: Ladies and gentlemen, good afternoon. Welcome to this press conference. Now I'd like to share with you China's foreign exchange receipts and payments data for the first quarter of 2020 and then, I will answer your questions. In the first quarter of 2020, the major uncertainty was the outbreak and spread of COVID-19, which impacted the economic and financial performance in and outside China. The pandemic is still ravaging the world, placing mounting downward pressure on the world economy and sending global financial markets fluctuating. Domestically, China has achieved significant progress in epidemic prevention and control, and is speeding up resumption of work, ensuring the stability of the economy and the society. Since the beginning of this year, with the renminbi exchange rate staying basically stable amid two-way fluctuations, market expectations have been relatively steady, and China's cross-border capital flows have been generally stable, and the supply and demand of the foreign exchange market have been in an overall equilibrium. In the first quarter of 2020, in dollar terms, banks settled US$ 491.5 billion and sold US$ 452.5 billion in foreign exchange, representing a surplus of US$ 39.1 billion; in yuan terms, banks settled 3.43 trillion CNY and sold renminbi 3.16 trillion in foreign exchange, representing a surplus of renminbi 273 billion. For foreign-related receipts and payments by banks for customers, in dollar terms, banks posted foreign-related receipts of US$ 915.9 billion and foreign-related payments of US$ 946.7 billion for customers, representing a deficit of US$ 30.7 billion; and in yuan terms, banks recorded foreign-related receipts of 6.39 trillion CNY and foreign-related payments of 6.61 trillion CNY for customers, representing a deficit of 216.5 billion CNY. China's foreign exchange receipts and payments for the first quarter of 2020 are characterized by the following: First, the supply and demand in the foreign exchange market were in an overall balance. In the first quarter, banks registered a surplus of US$ 39.1 billion in foreign exchange settlement and sales. But with other factors like forward foreign exchange settlement and sales and options taken into consideration, the supply and demand in the foreign exchange market remained in a basic equilibrium. Meanwhile, foreign-related foreign exchange receipts and payments by banks for customers recorded a surplus of US$ 1.7 billion. Second, foreign-related receipts and payments by banks for customers recorded a deficit and foreign exchange settlement and sales by banks remained in surplus in March, but since the beginning of April, they both have found a basic equilibrium. In March, as global financial markets became more volatile along with the global spread of the novel coronavirus, major global stock indices tumbled, leading to higher risk aversion and strained external liquidity. As a result, huge net cross-border renminbi outflows under portfolio investment were observed in the month, leading to a deficit in foreign-related receipts and payments by banks for customers. But at the same time, China's domestic foreign exchange market was generally stable, with foreign exchange settlement and sales remaining in surplus, so the supply and demand in the foreign exchange market were generally in balance. Initial data monitored on a daily basis shows that foreign-related receipts and payments by banks for customers have remained in a basic equilibrium and foreign exchange settlement and sales by banks have continued to register a slight surplus since the beginning of April. Third, the foreign exchange sales ratio decreased, but foreign exchange financing by firms stayed generally stable. In the first quarter, the sales ratio, a measure of the desire to purchase foreign exchange, or the ratio of foreign exchange purchased by customers from banks to customers' foreign-related foreign exchange payments, was 63%, down by 2% year-on-year. In the meantime, foreign exchange financing by firms stayed stable. By the end of March, the outstanding domestic foreign exchange loans of Chinese banks increased by US$ 27.7 billion from that of the end of 2019. The outstanding foreign currency cross-border financing for imports, like refinancing and forward letters of credit (L/C), went down by US$ 8 billion from that of the end of 2019, matching the changes in imports for the same period. Fourth, the foreign exchange settlement ratio grew steadily and market participants' desire to hold foreign exchange remained stable. In the first quarter, the foreign exchange settlement ratio, a measure of the desire to settle foreign exchange, or the ratio of sales of foreign exchange to banks by customers to the customers' foreign-related foreign exchange receipts, stood at 66%, up by 5% year-on-year. By the end of March, the balance of domestic foreign exchange deposits held by firms and individuals decreased by US$ 6.7 billion from that of the end of 2019, remaining basically stable. Fifth, forward foreign exchange settlement and sales by banks remained in surplus. In the first quarter, forward foreign exchange settlement and sales by banks for customers recorded a surplus of US$ 41.4 billion, including a surplus of US$ 16.6 billion in March. Sixth, foreign exchange reserves stayed generally stable. By the end of the first quarter, the balance of China's foreign exchange reserves stood at US$ 3.0606 trillion, down by 1.5% from the beginning of the year, primarily because of foreign exchange rate conversion and asset price changes. These are the major foreign exchange receipts and payments data for the first quarter I have planned to share with you. Next, I will take your questions. 15:14:21 2020-04-17 Xi Yanchun: Thank you, Ms. Wang. Here is the Q&A session. Please remember to tell us the news agency you represent before raising your questions. 15:14:42 2020-04-17 China Media Group CCTV: What would you say about China's foreign exchange receipts and payments this year with the global spread of the novel coronavirus? What about the future trends? Thank you. 15:27:51 2020-04-17 Wang Chunying: COVID-19 is a new challenge that the world is facing this year. Both global trading and economic activities and international financial markets have been hit hard by the virus. Notwithstanding, China's foreign exchange market has remained generally stable. That's incredible, I think. It reflects China's increasingly maturing foreign exchange market and more sensible market participants. That also shows the confidence of market participants in China's efforts to prevent and control the epidemic and China's economic fundamentals. China's foreign exchange market has ensured "three remains" so far this year: first, the supply and demand in the foreign exchange market has remained in balance; second, the renminbi exchange rate has remained robust against other major currencies; third, market participants have remained sensible and orderly in their cross-border investing and financing activities and foreign exchange settlement and sales. On top of that, China has posted generally stable foreign exchange reserves. Here are details. Let's look first at the balance between supply and demand of foreign exchange. As I have released just now, China's foreign exchange settlement and sales recorded a big surplus, at US$ 39.1 billion, which served as a foundation for the supply-demand balance in the foreign exchange market. Specifically, cross-border foreign exchange receipts and payments by banks for customers registered a surplus of US$ 1.7 billion, and foreign exchange settlement and sales by banks recorded a surplus of US$ 20.5 billion. In a word, the supply and demand in China's foreign exchange market remained balanced in the first quarter, either in a holistic view or in customers' view. Second, the renminbi exchange rate remained robust against other major currencies. In the first quarter, the US Dollar Index climbed by 2.8%, and the renminbi spot exchange rate against the US dollar fell by a slight 1.8%. As for other currencies, the Emerging Market Currency Index dropped by 12.9%, the GBP fell by 6.3% against the US dollar and the EUR, 1.6% against the US dollar. Overall, the renminbi exchange rate index constructed by the China Foreign Exchange Trading System rose by 2.9% in the first quarter. All these data shows that the renminbi exchange rate has stayed robust among major currencies. 15:29:12 2020-04-17 Wang Chunying: Third, the behavior of market participants have remained sensible and orderly. Let me explain this in two dimensions: firstly, foreign investment in China shows high enthusiasm of foreign investors in China. Statistics from the Ministry of Commerce indicate that China actually utilized US$ 31.2 billion in foreign capital in the first quarter, with that utilized by the high-tech service industry rising by 15.5%. Statistics from the SAFE show that foreign investors' net holdings of Chinese bonds increased by 48% year-on-year to US$ 16.7 billion in the first quarter. Secondly, China's outbound direct investment (ODI) by firms shows stable and orderly. Statistics from the Ministry of Commerce indicate that the non-financial sector's ODI reached US$ 15.5 billion in January and February, which was stable. SAFE statistics show that net foreign exchange purchases by individuals contracted by 25% in the first quarter from the previous year, denoting sensible and orderly purchases of foreign exchange by individuals. As a result, China's foreign exchange reserves have remained generally stable. China's fundamentals of sound economic growth will continue to support its foreign exchange market to remain generally stable. First, China's epidemic prevention and control efforts are yielding positive changes, which will stabilize market expectations and confidence. Currently the primary uncertain and destabilizing factor the world economy and global financial markets facing is the evolution of the virus and its shock to the economy and the society. Nevertheless, China is witnessing the consolidated effect of its epidemic response, marked increase in resumption of work and quickened recovery of the economic and social order, which will shore up confidence in the Chinese market and help the growth of the world economy. Second, the trends that China's economy will remain sound over the long term and its reform and opening up will be deepened further have not changed and will continue to attract mid and long-term foreign capital to invest in the Chinese market. Third, China's foreign exchange market is becoming more mature and the renminbi exchange rate is becoming increasingly flexible and experiencing ups and downs in two ways, indicating the renminbi exchange rate is playing a stronger role in regulating the macro-economy and stabilizing the balance of payments. Therefore, China's foreign exchange market is mature enough to absorb and address short-term impacts and sustain stable operations in the future. But certainly, we still need to intensify monitoring and analysis and diversify our responses to different situations. As it is often said, an ounce of prevention is worth a pound of cure. Preventive measures will provide a strong guarantee for stable market operations. This is all I want to reply to your questions. Thank you. 15:29:43 2020-04-17 The Economic Daily: The SAFE has been stressing the significance of the current account. What impact has the epidemic on the current account in China's balance of payments? Will deficits continue to be observed under the current account in the future? Thank you. 16:08:44 2020-04-17 Wang Chunying: The spread of the coronavirus does have had some impacts on the current account in China's balance of payments. We are tracking and analyzing it too. Based on our initial analysis, the impacts mainly include: First, although impacted by the virus, the current account remained in balance in the first quarter. Customs statistics show that China posted a decline of 13% and 3% in exports and imports respectively in the first quarter, but a smaller contraction in exports in March, suggesting a lower surplus in trade in goods for the first quarter. As far as trade in services is concerned, SAFE statistics show that the deficit in trade in services deceased by 25% in January and February, primarily because of plummets in travel spending. Initial statistics indicate that travel spending remained low in March, which means a declining deficit in trade in services. As the current account in China's balance of payments is mainly comprised of trade in goods and in services, with income and current transfers low enough to be omitted, trade in goods and in services are the major indicators of the current account trends. Since the deficits in trade in goods and in services contracted in sync in the first quarter, the current account will probably remain in balance and fall within the reasonable range. Second, the epidemic will not impact the mid and long-term trends of China's current account. The coronavirus evolves following its own rules, and its spread will be contained as scientists or biologists and pharmacists deepen their understanding of the virus, research and develop medications, and accumulate experience and diversify approaches to epidemic prevention and control. Trading and economic activities across the world will recover and depressed external demand will be restored. Domestically, efforts have been stepped up to coordinate epidemic prevention and control with economic and social development. Statistics from the Ministry of Industry and Information Technology show that more than 99% of industrial enterprises above the designated size had resumed work and 94% of workers have returned to their jobs as of mid-April. The rapid increase in the work resumption rate can guarantee domestic supply and demand, and also ensure supply for foreign trade. Therefore, we believe that the coronavirus will not impact the medium and long-term trends of the current account. Third, the current account balance, the topic I cover whenever I am in a press conference, is determined by deep-seated and long-standing factors like the domestic economic structure, which doesn't change easily. Firstly, China's manufacturing industry featuring a large size and diverse segments has strong pressure resistance capabilities and resilience. Over the past few years, we have been advancing the supply-side structure reform, witnessing strengthened capabilities across the industry chain and sharper competitive edge of the manufacturing industry. Secondly, as China's economic structure is optimized, investment efficiency has been ramped up and the savings rate, declining over the past few years though, has remained high in recent years compared to the rest of the world. In theory, the current account balance is determined by savings and investment shortages. With this taken into consideration, we believe the current account in China's balance of payments can also find a basic equilibrium. The current account is in balance at present, which will not change despite slight deficits or surpluses caused by short-term factors or uncertainties. For example, the surplus under the current account fell to US$ 25.5 billion in 2018, with the deficits in the first and second quarters and recovery to a surplus in the third quarter, which shot further up to US$ 141.3 billion in 2019. However, all this has not tipped the overall balance of China's current account. Thank you. 16:08:56 2020-04-17 Bloomberg: In March, foreign-related receipts and payments by banks for customers registered the highest deficit since January 2016. Could you explain why? What was the position of the balance of payments for the first quarter? 16:36:07 2020-04-17 Wang Chunying: I'd like to share with you some data for cross-border receipts and payments for March, over which you are concerned. Foreign exchange settlement and sales by banks hit US$ 18.6 billion in surplus in March, while cross-border receipts and payments recorded a deficit of US$ 47.7 billion due to a net outflow of the yuan, especially under portfolio investment, according to our comparative analysis. In March, China posted a net outflow of cross-border funds under equity but a net inflow of funds under bonds. Despite the net outflow of funds from stock markets in March, China has witnessed a net inflow of "northbound" funds again and a stable net outflow of "southbound" funds through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect since March 24, indicating no sustained and one-way fund outflows in stock markets. As a matter of fact, it is normal that cross-border funds fluctuate in stock markets under external impact, with relative changes in size within a reasonable range. As for the structure of the current account in the balance of payments for the first quarter that concerns you, relevant data has not been released and some data sources have not been acquired, and therefore the data released just now was estimates based on large projects. Overall, trade in goods will remain in surplus, albeit at a lower level, and trade in services will register deficits in the long term, albeit on the decline. The ultimate judgment will depend on relevant data, but it is highly likely that the current account balance will remain in a reasonable equilibrium. Even if there are deficits, they will not be high. In 2018, for example, the current account registered a deficit of US$ 40.3 billion in the first quarter and of US$ 900 million in the second quarter. However, in the balance of payments, a deficit of US$ 900 million or US$ 40.3 billion will not change the overall direction or trigger heavy outflows of cross-border funds. The current account balance as a percentage of GDP has remained lower than 2% in recent years and stands at 1% now, which denotes a stronger equilibrium. Thank you. 16:36:45 2020-04-17 People's Daily Overseas Edition: China's foreign-related businesses have been seriously affected by the outbreak of the novel coronavirus. What policies has the SAFE introduced to bolster resumption of work, especially for small- and medium-sized enterprises (SMEs)? How have the policies worked? Thank you. 16:50:45 2020-04-17 Wang Chunying: Thank you for your questions, over which firms are also concerned. Following the decisions and plans of the CPC Central Committee and the State Council, the SAFE has adopted effective measures that have provided a strong boost to epidemic prevention and control and resumption of work. They are highlighted as follows: First, the SAFE has introduced convenient policies to support epidemic prevention and control and resumption of work. For example, procedures for the payments of foreign exchange for imports related to medical supplies and the receipts of foreign exchange from exports have been further simplified, and financing in connection with epidemic prevention and control has been facilitated. Moreover, for firms in need, limits on external debt can be canceled and online application can be allowed. To ensure normal demands of individuals and businesses for foreign exchange, the SAFE encourages online transactions. It also has supported and guided the China Foreign Exchange Trading System and Shanghai Clearing House to reduce or waive service fees for foreign exchange trading and clearing for relevant institutions in Hubei. As for effects, online handling of external debt across China accounted for 93% from January 27 to March 31, versus 61% in 2019. Second, the SAFE has deepened reform and opening up in the foreign exchange area to enhance the level of cross-border trade and investment facilitation. In October 2019, the SAFE launched 12 cross-border trade and investment facilitation initiatives. In March 2020, it upped the macro-prudential regulation parameters for full-scale cross-border financing to expand room for seeking external borrowings and make it easy for companies to have more leeway to use overseas funds. On April 14, the SAFE launched eight additional facilitation initiatives to simplify the foreign exchange business. Overall, these initiatives are focused on three aspects. First, stepping up efforts to support foreign trade stability, including expanding pilots for foreign exchange receipts and payments facilitation under trade, facilitating foreign exchange settlement for cross-border e-commerce, and optimizing the way of reporting on foreign exchange for trade in goods. Secondly, increasing cross-border financing facilitation, including rolling out nationwide the reform of receipts and payments facilitation under the capital account, expanding facilitation piloting for external debt to support cross-border financing by high-tech companies, and reforming external debt registration administration for businesses. Thirdly, improving foreign exchange service level, including facilitating use of electronic data interchange (EDI) for foreign exchange businesses. These initiatives can help firms significantly cut time and labor costs. For example, piloting of foreign exchange receipts and payments facilitation for trade can help businesses cut more than 50% of their time costs. Third, SAFE facilitates trade finance by SMEs using the blockchain service platform for cross-border finance. As of April 7, the blockchain service platform had lent US$ 22.7 billion for receivables financing, and served nearly 3,000 firms, of which SMEs accounted for more than 75%. Next, we will sort out more facilitation measures that can be introduced to support resumption of work, investment and financing under cross-border trade. We will follow the principles of proactive, gradual and controllable opening up, which means that relevant policies will not be reversed. In addition, we will forestall and defuse risks, a principle that has long been adhered to. 16:51:01 2020-04-17 CNBC: For the first question, I'd like to know the trends and outlooks of foreign capital inflows in China. Second, for foreign investors considering adding investments in China, they tend to be concerned about the difficulty to withdraw money. So I wonder what specific measures the SAFE has to protect foreign investors. Thank you. 17:10:37 2020-04-17 Wang Chunying: As I understand it, your first question is about the recent changes in investing in China for foreign investors and its prospects in China. The other question is about whether they can withdraw their investments. What changes have occurred to foreign investment in China since the outbreak of the virus? First, medium and long-term foreign funds have kept flowing into China, especially FDI and bond investment for the allocation of renminbi assets over the medium and long term. On the one hand, FDI has stayed stable with its structure optimized. Statistics from the Ministry of Commerce show that foreign capital used by the non-financial sector in the first quarter of this year reached US$ 31.2 billion, representing a year-on-year decline, but foreign capital used by the high-tech service sector rose rapidly, suggesting foreign investors have identified opportunities in economic structural adjustments in China. On the other hand, bond investment has increased for the purpose of allocating renminbi assets in the medium and long term. In the first quarter, foreign investors' net holdings of Chinese bonds hiked to US$ 16.7 billion, up by 48%. Second, in the short term, under the external impact, foreign capital in the stock market has fluctuated slightly in a reasonable range. In the first quarter, global stock markets mostly tumbled, leading to higher risk aversion. Therefore, some foreign investors reduced their investment in stock markets amid the US dollar liquidity tension, which is normal. In the first quarter, foreign investors reduced their net holdings of stocks in China by about US$ 10 billion, with relatively heavier reductions in March. China's stock market is the second largest worldwide by market value, which is US$ 7-8 trillion. US$ 10 billion is just a fraction of the US$ 7-8 trillion and has a minimal impact on the market. As far as capital flows in the stock market are concerned, foreign investors have not kept reducing their holdings and the stock market showed two-way fluctuations. The northbound funds registered a net outflow through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect in mid-March, but recorded a net inflow in late March. That is why we believe relevant changes in investment have been within a reasonable range. 17:11:01 2020-04-17 Wang Chunying: As for the investment outlooks in China, we believe the China market and renminbi assets will remain attractive to foreign capital. It's because China's economic fundamentals sustaining sound economic growth over the long term have not changed and the China market still has strong potential. As China's efforts to prevent and control the COVID-19 epidemic are yielding positive changes, China will play a significant role in boosting global economic growth. As for direct investment, FDI across the world has been in decline over the past four years, while China's utilization of foreign capital has bucked the trend and been rising, keeping China as the second largest investment destination around the world. This shows foreign investors' strong interest in investing in China over the long term. As for bond investment, China's bond yields have been astonishingly high, making China attractive to investors to allocate renminbi assets in the medium and long term. As the stock market shows, China's stock market valuation is relatively low, indicating promising prospects for value investment. For example, China's stock market is less volatile than global stock markets. In the first quarter, the Dow Jones Industrial Average Index decreased by 23%, versus 10% in the Shanghai Composite Index. Therefore, the China market is still attractive to foreign investors either, in terms of direct investment, bond investment or stock investment. China is open to foreign investment to share the dividends yielded by China's economic growth. 17:16:34 2020-04-17 Wang Chunying: As for capital security you are concerned about, I'd like to share with you some of my ideas. China's current account actually became convertible in 1996, which means that any receipts and payments under the current account that are authentic and comply with regulations can be handled with banks by presenting authentic and effective trading documents. As for the capital account, the China market keeps a high level of openness by the 40 standards set by the International Monetary Fund in seven major categories. And reform has been advanced for investment facilitation. Besides, as I have said just now, China has carried out reforms in a proactive, step-by-step and controllable manner, which means that China will not reverse its reforms. Opened window will not be closed again, as we are often cited as saying. Therefore, there is no need for foreign investors to be worried about. 17:26:14 2020-04-17 HK Economic Herald: The COVID-19 epidemic has put a strain on the liquidity of the US dollar recently, which has not been fully eased yet. As China's outstanding external debt has exceeded US$ 2 trillion, will external debt deleveraging recur under such circumstances? Thank you. 17:26:21 2020-04-17 Wang Chunying: China's external debt is now at a low risk of significant deleveraging. This can be explained as follows: First, China's external debt has been growing steadily in recent years. Here is some data for your reference. The outstanding external debt hit US$ 2.0573 trillion by the end of last year, up by US$ 277.4 billion from the historic peak at the end of 2014. Although the figure grew in absolute terms, its growth margin is modest as compared with other indicators like economic growth in recent years. By the end of 2019, the outstanding external debt accounted for 14.3% in GDP for the year, versus 17% as at the end of 2014, indicating the ratio has dropped over 2%. In addition, as the external debt increased, China's external assets have risen in recent years. The ratio of external debt to external assets was 26.7% by the end of 2019, down by 0.1 % year on year and 1% from the level of the end of 2014. This suggests that since deleveraging occurred in 2015 and the beginning of 2016, China's external debt has grown fairly stable, and kept abreast of economic growth and the extent of opening up in China. Moreover, the renminbi exchange rate has stayed stable amid two-way fluctuations and no excessive procyclical leveraging on China's external debt has been observed. Therefore, the risk of significant deleveraging is relatively low. Second, China's external debt structure has been optimized. For example, external debt denominated in domestic currency accounted for 33% at the end of 2018 and increased by 2% to 35% by the end of 2019. The share of external debt for the medium and long term has grown too, but relatively stable, say, from 35% to 41%. What is more, as the interbank bond market is opened up, foreign investors have bought more bonds in China, which accounted for 8% in China's external debt at the end of 2014 and 26% by the end of 2019. These investors are mainly foreign central banks. These institutions and sovereign wealth funds invest in China's bond market to allocate renminbi assets in the medium and long term. Therefore, they don't pursue short-term gains and their investments are inherently stable. Further, the liability ratio, foreign debt ratio and debt service ratio of China's external debt are all within the internationally recognized security range and much lower than the overall levels of developed and emerging market countries. As far as market environment is concerned, in 2015 and 2016, when the last round of external debt deleveraging occurred, the US Federal Reserve (Fed) hiked the interest rates, leading to a rise in both the US dollar interest rates and exchange rates. But currently the Fed adopts an easier monetary policy, with the interest rates, short or long-term, trending downward. But the renminbi exchange rate stays stable, so it is not very likely that significant deleveraging of external debt will recur. The initial data for the first quarter shows that China's registered external debt rose steadily, and foreign investors increased their holdings of Chinese bonds, with no signs of deleveraging. Thank you. 17:26:45 2020-04-17 Xi Yanchun: Thank you, Ms. Wang, and thank you all. This is the end of today's press conference. 17:30:11 2020-04-17 (The original text is available on www.china.com.cn) 2020-04-17/en/2020/0429/1673.html
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根据《商务部 财政部 税务总局 统计局 外汇局关于开展2019年外商投资企业年度投资经营信息联合报告的通知》（商资函〔2019〕105号）以及《国家外汇管理局进一步改进和简化直接投资外汇管理政策的通知》(汇发〔2015〕13号)，现就2019年广州地区境内（外）直接投资存量权益登记有关事项通知如下： 一、境内直接投资（FDI）存量权益登记 （一）从2019年4月1日起，各外商投资企业通过商务部联合报告系统（http://www.lhnb.gov.cn/），申报2018年度相关投资经营信息，无需再通过国家外汇管理局网上服务平台进行申报。 （二）2019年FDI存量权益登记起止时间为2019年4月1日至6月30日。 （三）FDI存量权益登记申报对象为2018年12月31日前设立的外商投资企业（含接受外国投资的非银行金融机构、合伙企业、合作项目等），接受外国投资的银行暂时无需参加。 二、境外直接投资（ODI）存量权益登记 （一）ODI存量权益登记仍按原操作模式，在2019年6月30日前通过国家外汇管理局网上服务平台(http://asone.safesvc.gov.cn/asone)，申报2018年度境外投资企业存量权益相关信息。 （二）ODI存量权益登记申报对象为2018年12月31日前办理ODI登记的境外投资企业境内投资主体（含金融机构及特殊目的公司境内个人股东）。 （三）ODI企业可自行/委托银行通过国家外汇管理局网上服务平台企业端/银行端进行ODI存量权益登记。境内居民个人的特殊目的公司目前只能委托银行申报。 三、信息了解渠道 相关市场主体可通过关注微信公众号“外商投资企业联合年报”了解动态信息，手机识别附图中二维码了解有关操作。外汇局广东省分局存量权益登记专用咨询电话：020-81923469(联合年报期间使用)。 特此通知。 国家外汇管理局广东省分局 2019年4月1日 附图： 2019-04-02/guangdong/2019/0402/1719.html