State Administration of Foreign Exchange: Improve monitoring and early warning of cross-border capital flows; strengthen macroprudential management when necessary

Reporters today (March 19) learned from the State Administration of Foreign Exchange that by 2026, the State Administration of Foreign Exchange will better respond to external shocks and challenges under the new situation. Strengthen the keen awareness of changing circumstances, establish a bottom-line mindset, improve monitoring and early warning of cross-border capital flows, and, when necessary, enhance macroprudential management. Further improve the expectation management mechanism to maintain the stable operation of the foreign exchange market. Improve the management of foreign exchange reserves to ensure the safety, liquidity, and value preservation and appreciation of reserve assets. Improve the regulation of the foreign exchange sector during and after the event. Empower technology to enhance off-site supervision capabilities, strengthen analysis of abnormal channels and clues, and continue to crack down on illegal cross-border financial activities. (CCTV News)