What does SAFE do?

The duties of the foreign exchange bureau are: designing and implementing the international balance of payments statistical system, and formulating and organizing the implementation of the international balance of payments statistical declaration system; Analyze and study the situation of foreign exchange receipts and payments, and put forward policy suggestions to maintain the balance of international payments; Formulate measures for the administration of the foreign exchange market, supervise and manage the operation order of the foreign exchange market, and cultivate and develop the foreign exchange market; Supervise and manage the transactions under capital account and the remittance, remittance and payment of foreign exchange according to law.

The main duties of the State Administration of Foreign Exchange are:

(1) Designing and implementing a statistical system of international balance of payments, drafting and organizing the implementation of a statistical declaration system of international balance of payments, collecting statistical data of international balance of payments, and compiling a balance of payments statement.

(2) To analyze and study the foreign exchange receipts and payments and the balance of payments, put forward policy suggestions for maintaining the balance of payments, and study the convertibility of RMB capital account.

(3) Formulating measures for the administration of the foreign exchange market, supervising and managing the operation order of the foreign exchange market, and cultivating and developing the foreign exchange market; Analyze and forecast the supply and demand situation in the foreign exchange market, and provide suggestions and basis for the People's Bank of China to formulate exchange rate policies.

(four) to formulate measures for the administration of current account exchange and supervise the current account exchange behavior according to law; Standardize the management of foreign exchange accounts at home and abroad.

(5) To supervise and manage the transactions under capital account and the remittance, remittance and payment of foreign exchange according to law.

(six) according to the provisions of the management of national foreign exchange reserves.

(7) Drafting foreign exchange management regulations, inspecting the implementation of foreign exchange management regulations by domestic institutions according to law, and punishing illegal acts.

(8) Participating in relevant international financial activities.

(nine) to undertake other tasks assigned by the People's Bank of the State Council and China.

The recruitment requirements of SAFE are:

1, age 18 or above, college degree or above;

2. Have good political quality and moral conduct;

3. Have People's Republic of China (PRC) nationality.

Legal basis:

Notice of the State Administration of Foreign Exchange on Printing and Distributing the Provisions on the Administration of Foreign Exchange in Goods Trade Article 3 The head office of a bank shall organize its branches to make preparations for the online monitoring system (bank version) and access the system according to the following requirements:

The head office of each bank shall organize the completion of network connection, client environment setting, user management, authority allocation and access testing of branches from July 1 2002 to July 20, 2002, so as to ensure that the banking outlets handling foreign exchange business of goods trade can access the monitoring system (bank version) through the application service platform.