Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, January 6 (Xinhua) — China's State Administration of Foreign Exchange (SAFE) announced it will expand high-level institutional opening-up and deepen reforms to facilitate foreign exchange transactions this year. This was announced at the agency's annual working meeting, held from January 5 to 6.
In 2026, new measures will be adopted to optimize the management of foreign exchange transactions in the trade sector, systematically expand pilot programs for high-level openness in cross-border trade, expand the application scenarios for cross-border financial services platforms, and strengthen support for new forms of trade, including cross-border e-commerce.
The GUVK will support financial institutions in developing client-friendly hedging products and in improving the level of service of the foreign exchange market infrastructure.
The agency intends to implement a policy for managing foreign loan issuance and domestic loan funds in foreign currency. Furthermore, a policy for centralized management of cross-border funds in national and foreign currencies for multinational companies will be implemented nationwide.
The meeting also noted that steps will be taken to strengthen currency regulation and adapt it to a higher level of openness. –0–
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