Pick up the year ｜ Foreign Exchange Bureau: The average processing time of trade foreign exchange related businesses is shortened by more than 75%

A few days ago, the Central Propaganda Department launched the "China Ten Years of Ten Years · Series Theme Release". The column of the cover news "Picking the Year" will pay attention to the whole process, reporting to China's achievements and changes in the past decade.

Cover reporter Shao Meng Tengyi

On June 23, the Propaganda Department of the Central Committee of the Communist Party of China held a conference on the reform and development of the financial sector since the 18th National Congress of the Communist Party of China. Shorten by more than 75%, the cost of labor is reduced by more than 1/3, and high -quality corporate trade foreign exchange settlement realizes "second application, minute handling".

Wang Chunying said that since the 18th National Congress of the Communist Party of China, the Foreign Exchange Bureau has continued to deepen the reform and opening up in the field of foreign exchange, focusing on improving the level of cross -border trade and investment and financing, and serving the high -quality development of the real economy.

Wang Chunying, deputy director of the State Administration of Foreign Exchange, spokesman (Picture Source: Guoxin.com)

First, steadily promote the high level of capital projects. On the one hand, the overall trading links and exchange links, the orderly promotion of non -exchanges project opening, and improve the level of convenience of redeemed projects. Based on the basically exchanges of direct investment, the interconnection of the cross -border securities market focuses on the opening of the financial market opening, and improves the qualified institutional investor system. In order to promote the opening of the bond market to the outside world, Chinese government bonds have been included in the three major international mainstream indexes. Cross -border financing macro -prudential management framework has been established, the financing channels for market entities are enriched, and financing costs are reduced. On the other hand, actively serve the open innovation of the area, promote the construction of the international financial center based on RMB financial assets in Shanghai, support the construction of Hainan Free Trade Hong Kong, the Guangdong -Hong Kong -Macao Greater Bay Area, and support the open -party highland of the Pilot Free Trade Zone. Try it first. Carry out high -level open -level open -border investment investment pilots, and explore the "more open and safer" foreign exchange management system and mechanism.

Second, continue to promote the reform of cross -border trade and investment and financing. Adhere to the principle of redeeming the current projects, continue to deepen the reform of trade foreign exchange management, shorten the average processing time of related businesses by more than 75%, and reduce the cost of manpower by more than 1/3. Actively serve the healthy development of new trade formats such as cross -border e -commerce, and support financial institutions to provide safe, efficient and low -cost cross -border funds for the new business entity. In 2021, a total of 1.9 billion strokes were settled. Introduce a number of measures such as the convenience of the income payment of capital projects and the pilot of cross -border financing facilitation, and continuously improve the degree of convenience of the use of foreign exchange funds in enterprises.

Third, deepen the innovation and development of the foreign exchange market. Rich market participation entities, a total of 773 foreign exchange market participation agencies, including 136 overseas institutions. To launch more transaction products, forming a relatively mature foreign exchange product system, more than 40 trading currency can be traded. Support enterprises to better manage exchange rate risks. In the first five months of this year, the company's foreign exchange package rate doubled compared to 2012.

"In the next step, it will unswervingly promote the reform and opening up in the field of foreign exchange, promote cross -border trade and investment and financing facilitation, and better serve a new pattern of mutual promotion of domestic large cycles and domestic and international dual cycles." Wang Chunying said.

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