State Administration of Foreign Exchange: Steadily expanding institutional openness in the foreign exchange sector.

Promote the reform of trade facilitation, introduce a package of measures to optimize the foreign exchange management of current accounts, comprehensively promote high-level open foreign exchange policies for cross-border trade, support the development of new trade formats such as cross-border e-commerce, optimize foreign exchange fund settlement for service trade, and ensure support for the development of intermediate goods trade. Gradually advance the high-level opening of capital accounts, introduce a package of policies to facilitate cross-border investment and financing, national promotion of centralized operation policies for multinational companies' cross-border funds in both domestic and foreign currencies, implement foreign exchange management regulations for domestic foreign exchange loans, and cautiously expand the interconnectivity of financial markets. Implement the "five major tasks" in finance, optimizing foreign exchange services for technology enterprises and small and medium-sized enterprises. Continue to promote reforms in bank foreign exchange operations, guide banks to accelerate nationwide expansion and the unified model for handling both domestic and foreign currencies, and integrate operational reforms with high-level open policies for cross-border trade nationwide. Deepen the development of the foreign exchange market, promote multi-party cooperation to reduce the hedging costs of small and micro enterprises, and improve the infrastructure services of the foreign exchange market. Actively support regional open development, support the construction of the Shanghai International Financial Center, improve the implementation of foreign exchange management in free trade pilot zones, and support regions such as Hainan Free Trade Port in carrying out foreign exchange management innovations. Continuously evaluate foreign exchange management policies and assess the foreign exchange ecosystem.