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China: China to expand institutional opening-up of forex market in 2026
Shotlist FILE: Beijing, China - Date Unknown 1. Various of building, sign of State Administration of Foreign Exchange FILE: Shenzhen City, Guangdong Province, south China - May 16, 2025 2. Aerial shot of Yantian Port 3. Various of cranes, trucks moving containers; ships FILE: Qingdao City, Shandong Province, east China - 2023 4. Various of automatic port facilities transporting containers FILE: China - Exact Location and Date Unknown 5. Various of signs of cross-border financial service center; bank clerks serving clients Suifenhe City, Heilongjiang Province, northeast China - Recent 6. Various of staff dealing with packages in warehouse for cross-border e-commerce FILE: China - Exact Location and Date Unknown 7. Various of bank clerk working, Chinese yuan banknotes going through counting machines FILE: USA - Exact Location and Date Unknown 8. Various of U.S. dollar banknotes being printed FILE: Beijing, China - Date Unknown 9. Various of euro banknotes being counted Storyline China's State Administration of Foreign Exchange has announced that it will expand high-level institutional opening-up and deepen facilitation reforms in the foreign exchange sector this year, according to the administration's annual work conference on Monday and Tuesday. In 2026, further measures will be taken to streamline trade-related foreign exchange procedures, expand pilot programs for high-level openness in cross-border trade in an orderly manner, broaden the application scenarios of cross-border financial services platforms, and enhance support for new forms of trade, including cross-border e-commerce. The administration will also support financial institutions to develop user-friendly hedging products and enhance the service levels of forex market infrastructure. It will roll out policies governing outbound lending and domestic foreign currency loan management, and implement its integrated cross-border fund management policy for multinational companies nationwide in both local and foreign currencies. Efforts will also be made to reinforce foreign exchange regulation and ensure it is adaptable to a higher level of openness, the conference said. [Restrictions: No access Chinese mainland]
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