Zhu Hexin from the State Administration of Foreign Exchange: "Since the 14th Five-Year Plan, more than 6100 foreign exchange cases have been uncovered."
On September 22, when introducing the achievements of the development of the financial industry during the "14th Five-Year Plan" period, Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, stated at a press conference of the State Council Information Office that since the beginning of the "14th Five-Year Plan" period, while continuously deepening the development of the foreign exchange market, China has been constantly improving the management framework that integrates macro-prudential and micro-supervision of the foreign exchange market, successfully coping with multiple rounds of high-intensity external shocks. Since the beginning of the "14th Five-Year Plan" period, more than 6100 foreign exchange cases have been cracked, effectively cracking down on illegal activities such as underground banks. The foreign exchange market functions have been improved, operating steadily, and resilience has significantly increased.
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