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)