China to Roll Out New Policies to Ease Forex Transactions for Trade, Investment
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Zhu Hexin, deputy governor of the People’s Bank of China and head of the State Administration of Foreign Exchange (SAFE), said Monday that the regulator will soon unveil multiple measures to streamline cross-border trade and financing.
Among the initiatives are nine policy steps focused on trade facilitation, including an expansion of pilot programs for high-level cross-border liberalization, broader eligibility for netting settlements, and improved forex services for emerging trade models, Zhu said at the opening of the 2025 Annual Conference of Financial Street Forum in Beijing,
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- China will introduce multiple measures to streamline cross-border trade and financing, including nine policy steps for trade facilitation and expanded forex reforms.
- SAFE will manage integrated local and foreign currency cash pools for multinationals and set rules for overseas listing proceeds by domestic firms.
- The regulator will enhance risk management using AI and big data, aiming to boost confidence and maintain financial stability.
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