Foreign Exchange Administration_State Administration of Foreign Exchange

{}Posted in2023/2/24 20:38:30 | 5Browse

ForexrebateforExness Administration of cashback forex Exchange State Administration of Foreign Exchange Introduction The State Administration of Foreign Exchange is a vice-ministerial-level state bureau, which includes a comprehensive department, the Department of Balance of Payments, the Department of Current Project Management, the Department of Capital Project Management, the Department of Management Forex rebate for Exness Inspection, the Department of Reserve Management, the Department of Personnel (Internal Audit Division) 7 functional divisions and the Party Committee of the organ set up the central forexrebates forexcashrebate business center, information center, the organ Service Center, "China Foreign Exchange" magazine 4 institutions The main responsibilities of the State Administration of Foreign Exchange According to the three definitions of the Chinese State Council, the main responsibilities of the State Administration of Foreign Exchange are: (a) to study and put forward policy recommendations for the reform of the foreign exchange cashbackforexexness system and the prevention of balance of payments risks and promote balance of payments; to study and implement policy measures to gradually promote the convertibility of the RMB capital account, cultivate and develop the foreign exchange market. Provide the Peoples Bank of China with recommendations and basis for the formulation of RMB exchange rate policy (b) participate in the drafting of relevant laws and regulations on foreign exchange management and draft departmental regulations, the release of normative documents related to the performance of duties (c) is responsible for the balance of payments, foreign debt statistics and monitoring, the release of relevant information as required, and undertake the work of monitoring cross-border capital flows (d) is responsible for the supervision and management of the national foreign exchange market (5) responsible for the supervision and inspection of the authenticity and legality of the current account foreign exchange revenue and expenditure; responsible for the implementation of capital account foreign exchange management in accordance with the law, and according to the process of convertibility of the RMB capital account constantly improve management; standardize the management of domestic and foreign exchange accounts (6) responsible for the implementation of foreign exchange supervision and inspection in accordance with the law, the violation of foreign exchange management behavior (g) assume responsibility for the management of foreign exchange reserves, gold reserves and other foreign exchange assets (h) the formulation of foreign exchange management information development planning and standards, norms and organize the implementation of the implementation of regulatory information sharing with relevant management departments in accordance with the law (i) participate in international financial activities (j) undertake other matters assigned by the State Council and the Peoples Bank of China Regulations of the Peoples Republic of China on Foreign Exchange Management The revised "Regulations of the Peoples Republic of China on Foreign Exchange Management" has been adopted by the 20th executive meeting of the State Council on August 1, 2008, and has come into force since the date of publication. The long-term goal is to continuously improve the means of current account foreign exchange management, improve capital account foreign exchange management measures, focus on maintaining the balance of payments and the stability of the RMB exchange rate, strengthen the supervision of banks foreign exchange payments and receipts, combat illegal foreign exchange trading activities, rectify and standardize the order of the foreign exchange market, and finally realize the full convertibility of the RMB, including capital account convertibility, to promote the healthy development of the national economy State Administration of Foreign Exchange website:　　www.safe.gov.cn

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