Foreign Exchange Administration Party Group: Maintain the basic stability of the renminbi exchange rate at a reasonable and balanced level and the basic balance of international payments.
The Party Group of the State Administration of Foreign Exchange of the People's Republic of China issued a bulletin on the progress of the third round of inspections and rectification by the 20th Central Committee. Next, faithfully fulfill the foreign exchange supervision functions entrusted by the Party Central Committee. Coordinate development and security, establish a sound foreign exchange management system mechanism that is "more convenient, more open, more secure, and more intelligent." Promote deep-level reforms and high-level openness in the field of foreign exchange, carry out the "five major tasks" in finance, continuously enhance the level of facilitation of cross-border trade and investment, build an open, diverse, fully functional, and orderly competitive foreign exchange market, actively support the implementation of regional strategies. Improve the monitoring and early warning system for cross-border capital flows, maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level, and the basic balance of international payments. Promote the high-quality development of foreign exchange reserve management, and play the role of foreign exchange reserves as a stabilizer and ballast. Continuously promote the establishment of a financial regulatory system with Chinese characteristics, establish a comprehensive and effective foreign exchange regulatory system, strengthen regulatory coordination, and crack down severely on illegal activities in the field of foreign exchange. Strengthen the rule of law in the field of foreign exchange.
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