China's foreign exchange management agencies

China Administration of Foreign Exchange is the State Administration of Foreign Exchange, which is mainly responsible for the supervision and management of China's foreign exchange market and foreign exchange reserves. Its responsibilities include formulating foreign exchange policies, leading the management of foreign exchange markets and making foreign exchange investments.

China's foreign exchange administration refers to the State Administration of Foreign Exchange, which is a public institution directly under the central financial department. Its main responsibilities include: formulating foreign exchange policies and regulations, managing China's foreign exchange market and foreign exchange reserves, leading foreign exchange market management, and conducting foreign investment and financing. Safe's work focuses on: first, stabilize the foreign exchange market and maintain a reasonable and balanced RMB exchange rate; Second, strengthen foreign exchange risk management and promote the reform of foreign exchange management system; The third is to improve the supervision efficiency of foreign investment and cross-border capital flows and ensure the interoperability between domestic and foreign capital. In recent years, with the development of China's economy and the deepening of opening up, foreign exchange management is also facing new challenges. Safe has continuously strengthened supervision, improved the foreign exchange management system, guided the healthy development of the foreign exchange market and ensured the stability of the RMB exchange rate.

How do foreign exchange management agencies manage foreign exchange reserves? Foreign exchange reserve is one of the important responsibilities of SAFE, and its management mainly includes the investment and operation of foreign exchange reserve. The investment of foreign exchange reserves needs to consider many factors such as safety, liquidity and profitability, and usually focuses on fixed-income products such as bonds and securities. Safe will also adjust and allocate foreign exchange reserves according to market conditions and policy needs, and maximize the benefits of reserve assets on the premise of ensuring asset safety.

China's foreign exchange administration is the State Administration of Foreign Exchange, whose duties include formulating foreign exchange policies, leading the management of the foreign exchange market and making foreign exchange investments. In order to ensure the smooth operation of the foreign exchange market and the safety of the country's foreign exchange reserves, the State Administration of Foreign Exchange has been strengthening supervision and management, promoting reform and innovation, and realizing the steady development of foreign exchange management.

Legal basis:

Article 4 of the Regulations of People's Republic of China (PRC) on Foreign Exchange Management is responsible for formulating and implementing foreign exchange management policies, supervising and managing the foreign exchange market, making statistics and releasing foreign exchange data, and carrying out foreign exchange reserve management activities.