SAFE Plans New Measures to Support Companies in International Markets

Zhu Hexin, Vice Governor of the People's Bank of China and Director General of the State Administration of Foreign Exchange (SAFE), stated at the opening ceremony of the 2026 Financial Street Forum Annual Meeting on October 19 that SAFE plans to launch a series of new measures building on existing policy improvements. These include: implementing a package of facilitation policies for current account transactions to better meet the diverse settlement needs of foreign trade enterprises; optimizing capital account foreign exchange management to support corporate cross-border investment and financing; and advancing foreign exchange market openness by expanding pilot programs for securities firms' buy-sell foreign exchange services, supporting financial institutions in providing exchange rate risk management services—especially for small and medium-sized enterprises—and enhancing cross-border service capabilities. (Xinhua News Agency)