Changes in foreign exchange ideas and do solid work to enhance a comprehensive monitoring and service level

Recently, the PBC Work Conference and the National Foreign Exchange Management Working Conference held in Kunming in Yunnan Province. Conference to study conveyed the party's 17 session of the Third and Fourth Plenary Session and the Central Economic Work Conference, a comprehensive summary of the work of foreign exchange management in 2009 and in-depth analysis of the current international balance of payments and foreign exchange revenue and expenditure situation and make arrangements for foreign exchange management in 2010 work. PBOC deputy governor, Yi Gang, the State Administration of Foreign Exchange comrades at the meeting on foreign exchange management to do the report, Deng Xian-hong, square on the Pu, Wang Xiaoyi, Li Chaodeng Council leaders, the Council has authority units, institutions abroad, foreign exchange Branch (Foreign Exchange Management Department) relevant, attended the meeting.
It was noted that in 2009, the CPC Central Committee, State Council, under the correct leadership, in the People's Bank under the guidance of party committees, foreign exchange management departments fully implement the scientific concept of development, conscientiously implement the central authorities on "to maintain growth, adjusting structure, promoting reform, benefits the people's livelihood "The overall plan for timely adjustment of foreign exchange management, direction and focus of the international financial crisis, issued a response to a number of measures to support the stable development of foreign economic; continue to deepen the foreign exchange management system, enhance the economic development of foreign exchange management services function; Improving cross-border statistics and monitoring of capital flows to prevent the risk of abnormal cross-border capital flows; to promote information disclosure and government affairs, improve foreign exchange management transparency; improve the management of foreign exchange reserves to protect the safety of foreign currency reserve assets and obtain a reasonable return; these measures, on the positive response to the international financial crisis, to promote stable and rapid economic development has played an active role.
The meeting stressed that reform and opening up, China's active integration into economic globalization and to achieve a foreign-related economic development by leaps and bounds, cross-border foreign exchange income and expenditure has risen sharply. Cross-border capital flows, the size, frequency and form in constant change and readjustment, economic development, openness to improve foreign exchange management challenges continue to grow. Foreign exchange management departments should take a global perspective to understand the Chinese economic and financial problems in the framework of an open economy analysis of China's foreign exchange management, active play to the market in the foreign exchange allocation of resources to the basic role. To this end, foreign exchange management system, all the cadres and workers to comprehensively implement the scientific concept of development and fully implement the party's 17 session of the Third and Fourth Plenary Session and the Central Economic Work Conference, in accordance with the State Council on maintaining stable and rapid economic development strategy deployment, change the mode of the service of development and economic structural adjustment, the overall strategic goals, strengthen confidence, a solid work to further strengthen and improve foreign exchange management, and efforts to improve the international balance of payments and promote basic balance in international payments.
The meeting studied the deployment of foreign exchange management priorities in 2010: First, further emancipate the mind, update management idea, change management, enhance service awareness, under the premise of risk control as far as possible to facilitate the economic subjects, gradually dilute the prior approval of management, strengthen the ex post monitoring and analysis functions; two to follow the general requirements of economic development and further promote the import and export verification, foreign exchange market development, foreign exchange account management, and broaden the channels for capital outflow and other foreign exchange management reform of key areas and key links; third is to further improve the abnormal inter - border capital flows, supervision, monitoring and early warning system for building a complete, off-site inspection system and the emergency management system, strengthen cross-border capital outflow and inflow of abnormal monitoring and analysis work on the underground banks to carry out illegal activities in foreign exchange, such a crackdown to prevent and resolve the risk of cross-border capital flows; 4 is to promote foreign exchange management data and management system integration, to promote the comprehensive utilization of management information to optimize handling foreign exchange business processes, improve regulatory efficiency and service level monitoring; 5 is constantly improving the transparency of foreign exchange management policy to broaden its international revenue support the scope of statistical data dissemination, increase integration of foreign exchange control laws and regulations, and strengthen communication with the media and the public exchange; 6 is to further improve the foreign exchange reserve management mechanism, increase the talent introduction and training efforts, and strive to achieve security and increasing the value of foreign currency reserve assets ; 7 is to strengthen the party style and clean and the building of the contingent of cadres and improve their ability and level of administration by law. (End)