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近日，宁波市分局同志赴某轴承有限公司，对该公司申办跨国公司资金集中运营业务开展外汇管理政策现场咨询。 2020-05-09/ningbo/2020/0509/1344.html
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2020-05-09http://www.gov.cn/xinwen/2020-05/08/content_5509952.htm
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2020-05-09http://www.gov.cn/xinwen/2020-05/08/content_5509914.htm
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2020-05-09http://www.gov.cn/xinwen/2020-05/08/content_5509980.htm
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国家外汇管理局辽宁省分局各市中心支局2019年度政府信息公开工作报告 2020-03-31/liaoning/2020/0403/944.html
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The Joint Prevention and Control Mechanism of the State Council on Responding to the Novel Coronavirus Pneumonia held a press conference at 10 a.m. on February 7, 2020 (Friday). At the conference, Yu Weiping, Vice Minister of the Ministry of Finance (MOF), Pan Gongsheng, Deputy Governor of the People’s Bank of China (PBC) and Administrator of the State Administration of Foreign Exchange (SAFE), Wang Daoshu, Chief Auditor and Head of the Goods and Services Tax Department of the State Taxation Administration (STA), and Zhou Liang, Vice Chairman of the China Banking and Insurance Regulatory Commission (CBIRC) introduced the financial and fiscal policies for preventing and controlling the novel coronavirus pneumonia (NCP) outbreak, briefed on the initiatives taken to address difficulties in and high costs of financing for micro and small enterprises (MSEs), and took press questions. The transcript of Deputy Governor Pan Gongsheng’s introduction and responses to the questions is as follows. Pan Gongsheng: Friends from the press, happy Chinese New Year! First of all, I’d like to, on behalf of the PBC and the SAFE, extend our heartfelt gratitude to you for your long-standing support for financial work. Ever since the NCP outbreak, earnestly implementing the important instructions and orders given by General Secretary Xi Jinping, seriously putting into practice the decisions and arrangements made by the Central Committee of the Communist Party of China (CPC) and the State Council, and following the working arrangement of the CPC Central Committee’s Leading Group on Responding to the NCP Outbreak and the guidance of the State Council’s Financial Stability and Development Council (FSDC), the financial system has given top priority to the work of supporting epidemic control, and spared no efforts to provide financial support for the fight against the NCP. First, the liquidity in the financial system has been kept adequate. In line with the requirements laid out in the FSDC meeting, the PBC injected a total of RMB1.7 trillion through open market operations, which was more than expected, on February 3 and 4, aiming to keep the liquidity in the banking system reasonable and adequate during the special period of epidemic control, signal the strengthening of countercyclical adjustments, and thus stabilize market expectations. Second, financial markets, including money, bond, stock and foreign exchange markets, have reopened as scheduled and run smoothly. We have worked to enhance services offered by financial market infrastructure and ensure the proper handling of issuance, trading, clearing and settlement businesses in domestic financial markets, so as to maintain stable and effective market operation. The stock and foreign exchange markets are cases in point in particular: following dramatic adjustments on the first day of trading, over the last few trading days, the stock market stabilized and rebounded, and the RMB exchange rate continued to experience both ups and downs with modest two-way fluctuations. All this shows that China’s financial market has become more resilient and mature. Third, measures have been taken to enhance financial support for epidemic control, ensure people’s well-being and support stable development of the real economy. On February 1, the PBC, the MOF, the CBIRC, the China Securities Regulatory Commission (CSRC) and the SAFE jointly adopted a total of 30 policy measures, requiring financial institutions in banking, securities and insurance sectors to optimize financial services, establish channels for services of payment, State Treasury, foreign exchange, cash, credit and financial infrastructure, simplify business procedures, reduce or exempt relevant fees, and maintain the continuity and convenience of financial services. Meanwhile, the PBC has decided to release RMB300 billion from special central bank lending, so as to support financial institutions to issue loans at favorable rates and strengthen financial support for key enterprises offering important medical supplies and daily necessities. We will continue to boost financial support for MSEs, private enterprises, the manufacturing sector and other key areas, increase credit loans and medium and long-term loans, and lower overall financing costs. As required, financial institutions shall refrain from blindly withdrawing, cutting or delaying loans issued to enterprises faced with temporary difficulties caused by the epidemic. The policy measures taken by the financial system for epidemic control have won not only full recognition from the financial market and all sectors of society, but also applauds from the International Monetary Fund, the World Bank and the international financial community at large. It is generally acknowledged that the impact of the epidemic will be temporary and limited, China’ economy will continue to demonstrate extremely strong resilience, and the Chinese government has ample policy space to stabilize economic growth. In the next step, following the strong leadership of the CPC Central Committee, the financial system will earnestly implement the arrangements made by the CPC Central Committee’s Leading Group on Responding to the NCP Outbreak, put into practice the 30 policy measures to ensure financial support for epidemic control under the guidance of the FSDC, enhance countercyclical adjustments in monetary policy, so as to safeguard the overall stability of the financial market, further reinforce financing support for heavily afflicted areas, better satisfy the demand of social entities for basic financial services and promote the sustained and sound development of the national economy. Thank you. Journalist with Bloomberg News: How will the epidemic impact China’s deleveraging policies? Will it result in more nonperforming loans? What is its impact on the fiscal deficit? Thank you. Pan Gongsheng: Thank you for your question. First, in recent years, as a joint result of multiple policy measures, China’s macro leverage ratio has remained basically stable, standing at around 250 percent over the recent ten quarters. Second, structural deleveraging has produced a marked effect. The leverage ratios of enterprises have been on a constant decline, with the recent two years seeing a drop of five to six percentage points compared to the 2017 highs. The leverage ratios of the household and government sectors tend to grow at a slower pace. Third, China has abundant policy tools to cope with the downward pressure on its economy. Among all the major economies in the world, China remains one of the few countries which are practicing a normal monetary policy. Fourth, when implementing the monetary policy, we need to take into account various factors which may affect internal and external balances, such as economic growth, leverage ratios, inflation expectations and exchange rates. During the period of epidemic prevention and control, when there is downward pressure on the economy, it is particularly important to maintain economic growth momentum. The PBC will carefully study and evaluate the monetary policy, properly handle its intensity and balance its role in supporting economic growth and stabilizing leverage ratios. Thank you. Journalist with China Central Television, China Media Group: As we know, the Chinese government has been attempting to lower financing costs for small private enterprises. How will the epidemic impact the difficulty in and high cost of financing which has been long faced by small and medium-sized enterprises (SMEs)? Are there any measures available to effectively relieve the financing strain for SMEs and private enterprises? Thanks. Pan Gongsheng: Just now Vice Chairman Zhou has properly answered your questions, and I’d like to add some points. During this epidemic, as MSEs and private enterprises are relatively vulnerable to risks and thus more prone to suffering from epidemic impacts, special measures should be adopted at a special time. A few days ago, five ministries jointly published a document, laying out 30 policy measures, of which many are made to provide financial support and aid for MSEs and private enterprises. The financial institutions in China, including banks, insurance companies and securities firms, have all stayed committed to their political stance, considered the overall situation and taken proactive actions. A number of them have introduced many internal policy measures to ease the financing burden for MSEs. Under normal circumstances, the work to ease the financing difficulties for MSEs is a complicated and systematic project for the real economy and the supply-side structural reform of the financial sector. It entails perseverant and constant efforts. The CPC Central Committee and the State Council have paid much attention to the financing problems faced by MSEs and private enterprises and therefore taken a number of measures to address the problems. As of now, solid results have been achieved. Vice Chairman Zhou made this point clearly just now. There is no doubt that, this year and in the future, the financing problems of MSEs will remain a top priority of the financial system. We need to reform and improve our monetary policy, fiscal policy, regulatory policy and taxation policy, and optimize the policy environment and the incentive and restraint mechanisms for commercial banks serving MSEs. In broad terms, we need to guide and encourage commercial banks to carry out projects aiming at enhancing their capability to offer financial services to MSEs and improve internal policy support arrangements concerning resource allocation, performance appraisal, risk assessment, due diligence, liability exemption, and Fintech application. We will also work with local governments to improve the construction of credit information and risk sharing mechanisms. As Vice Chairman Zhou said just now, with the perseverant and constant efforts of financial regulators and the entire financial system, I believe that this problem will be solved to a certain extent. Thank you. Journalist with Market News International: My question is for Deputy Governor Pan. Earlier this week, as the PBC injected liquidity and adjusted rates, we saw a marked decline in the interbank rates. So, how is the drop in the real lending rates? In the near future, will the PBC continue to lower the rate of medium-term lending facility (MLF) and thus guide the decline of lending rates? How intensely and frequently will the PBC continue to increase financing supply to stabilize the market and expectations? Pan Gongsheng: First of all, we know that on January 1 this year, the PBC announced to cut the required reserve ratio (RRR) by 0.5 percentage points and, as a result, released RMB800 billion of long-term funds. On February 3 and 4 when the markets reopened after the Spring Festival vacation, in order to inject liquidity to the market, the PBC conducted reverse repos worth RMB1.7 trillion through open market operations. The measures clearly indicate the resolve of the PBC to stabilize market expectations and to boost market confidence. For current open market rates, the 7-day and 14-day interest rates, standing at 2.4 percent and 2.55 percent, respectively, have decreased by 10 basis points. As the amount rises and rates drop, the entire financial market also witnessed the decline of interest rates. On February 6, the overnight and 7-day repo rates in the interbank market were around 1.8 percent and 2.3 percent, respectively, a quite steady trend on the whole. As we know, the loan prime rate (LPR) refers to the most favorable lending rate calculated based on the quotation of 18 panel banks. Changes of the overall market rates would be reflected in the lending rates, and changes of interest rates in the financial and money markets would affect LPR expectations. It is very likely that under the current market expectations, the rates of the MLF and the LPR to be published on February 20 will both go down. LPR adjustments have strong impact on the loan pricing of commercial banks, and act as a guidance as banks decide their lending rate by adding basis points to the LPR. Banks then adjust the basis points added or subtracted when granting loans according to the development of market interest rates. In the next step, as required by the State Council, the PBC will continue to analyze and assess the influence of the NCP outbreak on the Chinese economy. There is still ample space for macro-management policies. Among the world’s major economies, China remains one of the few that maintain a normal monetary policy. So we have abundant policy tools in our toolkit. As for the monetary policy, first, we will strengthen countercyclical adjustments and ensure reasonable and adequate liquidity, thus providing a sound monetary and financial environment for the real economy; second, we will further liberalize interest rates, improve the LPR transmission mechanism, which I just mentioned, increase the transmission efficiency of the monetary policy, and reduce social financing cost; third, we will enhance the guiding role of structural monetary policy tools like targeted RRR cuts, central bank lending and central bank discount, and ramp up support for key areas and weak links in the national economy. Thank you. Journalist with Phoenix TV: It was reported that regulatory authorities would possibly postpone implementing the new regulations on asset management due to the epidemic. Is that true? If so, how long will it be postponed? Thank you. Pan Gongsheng: We are making assessments. There is a possibility for the postponement. The PBC and the CBIRC are making technical assessments. Journalist with China Daily: Recently, the PBC announced the provision of RMB300 billion through special central bank lending. How will the funds be used, and what will be done to ensure that they precisely target epidemic prevention and control? What does the PBC make of the current situation in financial markets, especially stock market and foreign exchange market fluctuations, and future market performance? Thank you. Pan Gongsheng: Vice Minister Yu has answered part of your first question from the fiscal perspective. To live up to its responsibilities and provide support for winning the battle against the epidemic, with the approval of the State Council, the PBC has made a special policy arrangement providing RMB300 billion in special central bank loans. The funds will be mainly used by national commercial banks and local commercial banks in the heavily hit provinces and municipalities to provide credit support at preferential interest rates for key enterprises engaged in the production, transportation or sale of vital medical supplies and daily necessities. As Vice Minister Yu just said, given that this is a special policy arrangement, we will follow a list of key enterprises recognized by the National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT). On the list are mainly key manufacturers of medical supplies and daily necessities, such as surgical masks, goggles, disinfectants, and sanitizers, that are essential to epidemic prevention and control. Financial institutions will be required to speed up the credit granting process and lend as soon as possible to the listed enterprises with the funds provided through special central bank lending.In respect to the cost of the special central bank lending, the PBC provides commercial banks with relatively low cost. Commercial banks are required to grant loans to the above-mentioned enterprises at favorable rates, i.e. no higher than 3.15 percent, which is one percentage point lower than the 4.15 percent LPR released last month. In practice, financial institutions have granted loans with rates ranging from 2.4 to 3.15 percent. Based on the loans, the MOF subsidizes 50 percent of the lending rates for the borrowers, which means with the loan granted, the key enterprises will bear a financing cost no higher than 1.6 percent. As this is a special policy arrangement, we must ensure these loans are used in an appropriate and targeted manner. For that purpose, we have adopted a list-based approach, jointly with the MOF, NDRC and MIIT, in an attempt to rigidly channel the money to enterprises engaged in disaster relief and emergency response, and to the most targeted areas. Meanwhile, we will keep electronic ledgers to track and monitor how the funds are used. The central government has also assigned the National Audit Office the subsequent supervision over fund utilization. On February 3, China’s financial markets, especially the stock and foreign exchange markets, opened as scheduled, which reflected the central government’s resolution to respect market rules, the confidence of the government’s decision-makers, and the maturing financial markets in China. On the first day of market opening, marked adjustments were witnessed in A-share and onshore RMB exchange rate, which, I think, was within the public’s expectation. After that, the stock market stabilized and rebounded, with the RMB exchange rate fluctuating slightly on both directions, and cross-border capital flow as well as foreign exchange supply and demand basically stable. This evening, the SAFE will publish the foreign exchange reserve statistics of January, which shows a steady rise. Due to its high sensitivity, the financial markets are able to price risks rapidly. Therefore, after a short period of fluctuation following the market opening, the stock and foreign exchange markets largely resumed normal operation. We can find that the financial markets were, in a unique way, reflecting the confidence in the Chinese government to control the epidemic and in the future growth of China’s economy. As I mentioned, the influence of the outbreak on China’s economy is only temporary, without changing the fundamentals towards sound and high-quality economic growth over the long term. China’s economy has displayed remarkable resilience. The Chinese government has ample policy space to stabilize economic growth. Therefore, we are fully confident in the steady performance of both the stock market and foreign exchange market. Thank you. Journalist with Reuters: According to recent analyses and market expectations, the economy will see a sharp slowdown in the first quarter. Will it drop below 4 percent? Is it necessary to introduce aggressive economic policies, like interest rate cuts, RRR cuts and deficit ratio rises? Thank you. Pan Gongsheng: There have been lots of discussions and estimates on how China’s economy will perform in the next stage among economists, market institutions and government bodies. The PBC has also been closely monitoring economic performance and making some judgments. We believe that the influence of the outbreak on our economy is only temporary. As it coincides with the Spring Festival, the service sector including tourism, catering and entertainment has been afflicted. The extended holiday and delayed return to work would also hit industrial production and the construction industry. So we estimate that economic activities in the first quarter might be disturbed to a certain extent. However, once the epidemic is under control, the economy will soon recover to the level around the potential output. In 2003, China’s economy was disturbed by SARS in the second quarter and rebounded rapidly in the third quarter. Therefore, we believe our economy will rapidly stabilize when the disease is alleviated. Moreover, as the delayed consumption and investment will possibly be released, China’s economy will experience a compensatory recovery. As I noted, owing to strong resilience and great potential of China’s economy, the fundamentals towards sound and high-quality growth in the long term will not be changed by the short-term epidemic. We still have ample space for macro adjustment policies. In regard to the monetary policy, China is still one of the few major economies maintaining normal monetary policies in the world. As a result, our tool kit is so fully equipped as to effectively offset the negative impacts of the epidemic. As for specific policies, as you asked at the end of your question, the PBC has been carefully analyzing and assessing the influence of the epidemic on our economy in a bid to enhance policy preparedness. Thank you. 2020-02-07/en/2020/0207/1679.html
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辖内各相关企业、个人、外汇指定银行： 根据国家外汇管理局2020年度直接投资存量权益登记工作安排，现就2020年度直接投资存量权益登记工作通知如下，请认真遵照执行： 一、2019年境内直接投资存量权益登记 根据《市场监管总局 商务部 外汇局关于 做好年报“多报合一”改革有关工作的通知》（国市监信（2019）238号，详见附件）、《商务部 市场监管总局 外汇局关于开展2019年度外商投资信息报告年度报告的公告》（商务部公告2019年第72号），2019年12月31日前在我国境内依法设立并登记注册的外商投资企业（机构）应按照《外商投资法》的规定，统一通过国家企业信用信息公示系统（www.gsxt.gov.cn,以下简称公示系统）报送“多报合一”年报。年报内容在现有向市场监管部门报送年报信息的基础上，增加商务主管部门和外汇管理部门年报事项。 本通知所称“外商投资企业（机构）”，是指外国投资者直接在中国境内投资设立的公司、合伙企业，外国（地区）企业在中国境内从事生产经营活动，外国（地区）企业在中国境内设立从事生产经营活动的分支机构，外商投资性公司、创业投资企业、以投资为主要业务的外商投资合伙企业在中国境内投资设立的企业。 企业报送的相关年报信息由市场监管总局向商务部推送共享。商务部按原渠道将年报数据共享至外汇局资本项目信息管理系统存量权益登记模块，企业无需另行报送。 2019年度外商投资企业（机构）“多报合一”年报报送时间为2020年1月1日至6月30日。截至6月30日仍未按要求报送的外商投资企业（机构），将根据《企业信息公示暂行条例》（国务院令第654号）、《企业经营异常名录暂行管理办法》（原工商行政管理总局令第68号）等法规，由市场监管部门列入经营异常名录。 2020年7月1日后，补报或更正2019年度“多报合一”年报，应向商务部门申请，并通过外商投资信息报告管理系统（wzxxbg.mofcom.gov.cn）办理。2020年1月1日起，补报2018年度及之前年度年报信息，按照原规定的内容和渠道办理。 二、2019年境外直接投资存量权益登记 根据《国家外汇管理局关于进一步简化和改进直接投资外汇管理政策的通知》（汇发〔2015〕13号），境外直接投资主体仍需按要求办理境外直接投资存量权益登记。辖内相关主体应于2020年6月30日（含）前，自行或委托会计师事务所、银行通过外汇局资本项目信息系统报送上年度境外直接投资存量权益数据。对于未按规定办理的相关主体，我管理部将依法进行处理。 办理境外直接投资存量权益登记的市场主体为境外投资企业（含境内居民个人在境外设立的特殊目的公司、含境外分公司）的境内投资主体（股东）。由两个或两个以上境内投资主体共同投资一家境外投资企业（含境内居民个人在境外设立的特殊目的公司）的，各境内投资主体应确定其中一个境内投资主体作为境外直接投资存量权益信息申报主体，由其向境外投资企业登记地外汇局申报相关信息，其他境内投资主体不再申报。持股比例最大的境内投资主体原则上为申报责任股东，若持股比例相同，由相关境内投资主体约定其中一个境内投资主体为申报责任股东。 对于新设的境外直接投资主体，其用户代码为quanyidj，用户名称为存量登记专用操作员，初始登录密码20150101Aa。 特此通知。 （联系人：梁嘉琛；联系电话：010-68559965） 附件：市场监管总局 商务部 外汇局关于做好年报“多报合一”改革有关工作的通知（国市监信【2019】238号） 国家外汇管理局北京外汇管理部 2020年4月27日 2020-05-08/beijing/2020/0508/1215.html
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见附件。 附件：2020年直接投资存量权益登记服务指南 2020-05-09/guangdong/2020/0509/1727.html
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官方储备资产 Official reserve assets html xlsx pdf 2019-01-07/en/2018/0517/1680.html
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问：国家外汇管理局刚刚公布了最新外汇储备规模数据。请问造成2020年4月外汇储备规模变动的原因是什么？今后的外汇储备规模趋势是怎样的？ 答：截至2020年4月末，我国外汇储备规模为30915亿美元，较3月末上升308亿美元，升幅为1%。 今年以来，面对新冠肺炎疫情带来的严峻考验，我国采取了强有力应对措施，全国疫情防控取得阶段性重要成效，经济社会秩序加快恢复。我国外汇市场供求基本平衡，市场主体行为理性有序。4月，为应对新冠肺炎疫情持续蔓延，主要国家加大了货币及财政刺激政策力度，投资者信心有所恢复。受此影响，国际金融市场上美元指数震荡微跌，主要国家资产价格有所上涨。汇率折算和资产价格变化等因素综合作用，当月外汇储备规模小幅上升。 目前疫情仍处于全球大流行阶段，国际经济金融形势依然复杂严峻。境内疫情得到有效控制，防控工作转为常态化，我国经济发展具有巨大韧性、潜力和回旋余地，经济长期向好的基本面不会改变，将继续为外汇储备规模总体稳定提供支撑。 2020-05-08/qingdao/2020/0508/1719.html