On July 28, the State Administration of foreign exchange held a working meeting on foreign exchange management in the second half of 2022 in the form of video to convey, study and implement the important deployment of the CPC Central Committee and the State Council on economic and financial work, summarize the foreign exchange management work in the first half of the year, analyze the current financial and foreign exchange situation, and study and deploy the key work in the second half of the year. Pan Gongsheng, Secretary of the party leading group and director of the State Administration of foreign exchange, made a work report. Members of the Party group and chief accountant of the bureau attended the meeting< We have continued to deepen the reform and opening-up in the foreign exchange field, effectively maintained the stability of the foreign exchange market, focused on small and medium-sized enterprises, and strengthened the rescue efforts of foreign exchange enterprises. All efforts have achieved positive results. The operation of China's foreign exchange market is generally stable and shows strong resilience. First, promote the implementation of the central inspection and rectification. The second is to strengthen the foreign exchange assistance to enterprises and the reform and opening up. We will promote the policy of facilitating foreign exchange receipts and payments of high-quality enterprises across the country and improve the convenience of settlement of new forms of cross-border trade. Expand the cross-border financing channels of high-tech and "specialized and special" enterprises, expand the application scenarios of cross-border financial service platforms, and facilitate foreign investors to invest in the domestic bond market. Actively serve enterprises to manage exchange rate risks, and take multiple measures to reduce the cost of hedging. Expand the pilot of domestic and foreign currency integrated capital pool of multinational companies. Carry out high-level pilot opening-up of cross-border trade and investment in some regions. Third, effectively prevent cross-border capital flow risks. Strengthen macro Prudential Management and expected guidance, and maintain a high-pressure crackdown on illegal activities such as underground banks and cross-border gambling. Fourth, we will continue to improve the management of foreign exchange reserves, and the scale of foreign exchange reserves will remain generally stable< Br > < div class= "contheight" > < / div > the meeting stressed that in the second half of 2022, the foreign exchange administration departments should resolutely implement the deployment requirements of the CPC Central Committee on “epidemic prevention, economic stability, and development safety”, adhere to the general tone of seeking progress while maintaining stability, completely, accurately, and comprehensively implement the new development concept, actively introduce and solidly implement policies and measures conducive to stabilizing the economic market and serving the real economy, Further deepen the reform and opening-up in the foreign exchange field, maintain the steady operation and healthy order of the foreign exchange market, consolidate and expand the results of inspection and rectification, complete this year’s work tasks with full spirit and high quality, and take practical actions to meet the victory of the 20th CPC National Congress< Br > < div class= "contheight" > < / div > the meeting deployed the key work of foreign exchange management in the second half of 2022< Strong> first, deeply understand the decisive significance of the “two establishment”, resolutely achieve the “two maintenance”, and take the inspection and rectification as an opportunity to promote the comprehensive and in-depth development of strictly administering the party . Adhere to and strengthen the party’s overall leadership over financial and foreign exchange work, consolidate the effectiveness of centralized rectification, deepen long-term rectification tasks, continue to strengthen the strict atmosphere, and build a loyal, clean and responsible team of high-quality professional cadres< Strong> second, deepen the reform and opening up in the field of foreign exchange and stimulate the vitality of market players continue to promote the implementation and effectiveness of cross-border trade and investment facilitation policies, and actively serve the promotion of exports, the expansion of imports, and the introduction of foreign technology. We will expand the coverage of policies to facilitate the trade and foreign exchange payments of high-quality enterprises, support the standardized and healthy development of new forms of foreign trade, and optimize personal foreign exchange services. We will improve the management of funds invested by foreign investors in the domestic bond market and expand the pilot of cross-border financing facilitation. We will focus on small, medium-sized and micro enterprises to optimize foreign exchange services and support enterprises to better manage exchange rate risks< Strong> third, maintain the steady operation of the foreign exchange market and improve the micro supervision of the foreign exchange market strengthen the monitoring and response of cross-border capital flow risks, and maintain the national economic and financial security. Establish and improve the authenticity management mechanism with substantial authenticity, diversified methods, due diligence and exemption, safety and efficiency. We will severely crack down on illegal activities in the field of foreign exchange< Strong> fourth, promote the construction of foreign exchange reserve operation and management capacity, and ensure the safety, liquidity, value preservation and appreciation of foreign exchange reserve assets < Strong> fifth, consolidate the basic work of foreign exchange management . Accelerate the revision of the regulations on foreign exchange control, improve the high-level statistical system of balance of payments, and deepen the construction of “digital external control” and “safe external control”< Br > < div class= "contheight" > < / div > relevant responsible comrades of departments and enterprises and institutions of the State Administration of foreign exchange attended the meeting at the main venue. Comrades in charge of the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the State Supervision Commission in the people’s Bank of China, the first financial audit bureau of the national audit administration, and relevant departments and bureaus of the people’s Bank of China were invited to attend the meeting. All branches (foreign exchange management department) attended the meeting at local branch venues.