The hottest safe reform capital projects to help s

Safe reform capital projects to help state-owned enterprises "go global" policy

safe reform capital projects to help state-owned enterprises "go global" policy

China Construction machinery information

Guide: on April 27, a seminar on transnational investment of Chinese enterprises was held in Beijing. Sunlujun, director of the capital management department of the State Administration of foreign exchange, delivered a speech at the conference. He introduced a series of policies and measures launched by the State Administration of foreign exchange to support and encourage Chinese enterprises to go global. He pointed out that the safe will continue to

on April 27, a seminar on transnational investment of Chinese enterprises was held in Beijing. Sunlujun, director of the capital management department of the State Administration of foreign exchange, delivered a speech at the conference. He introduced a series of policies and measures launched by the State Administration of foreign exchange to support and encourage Chinese enterprises to "go global". He pointed out that the safe will continue to uphold reform and innovation, earnestly implement the scientific concept of development, effectively change management concepts and ideas, and further promote the reform of the foreign exchange management system. The following is the full text of the speech:

good morning, everyone! I am very glad to be invited to attend this seminar. First of all, on behalf of the State Administration of foreign exchange, I would like to congratulate the convening of this seminar. At the same time, I wish this conference a complete success

according to the requirements of the Organizing Committee of the conference, I will mainly make a brief introduction to the reform of foreign exchange management and the "going out" foreign exchange management policy. First of all, introduce the relevant situation of foreign exchange management reform

first, in line with the establishment of the socialist market economic system, while gradually abandoning the management means and measures of the planned economy, we began to give play to the market mechanism to allocate foreign exchange resources. Second, according to the new situation of the international balance of payments, especially the new situation of continuous surplus in the international balance of payments, we should gradually relax exchange rate restrictions and promote the facilitation of trade and investment by reducing administration and decentralization, simplifying examination and approval procedures, optimizing management processes. Third, at the level of laws and regulations, we will gradually establish a legal and regulatory system for foreign exchange management that is compatible with the socialist market economic system. Fourth, gradually establish a capital early warning system for cross-border capital flows. At present, the domestic and international situation faced by foreign exchange management has changed significantly. From a domestic perspective, after three decades of reform and opening up, China's foreign economy has significantly increased its openness, and foreign trade and foreign direct investment have achieved leapfrog development. By the end of 2010, China's import and export trade has reached $2.9 trillion, and the cumulative actual utilization of foreign capital has exceeded $1 trillion. Foreign direct investment reached more than 260 billion US dollars. On the other hand, the domestic market has a broad space, and the ability to cope with external shocks such as cross-border capital flows has been significantly enhanced. These changes objectively require that we must reexamine foreign exchange management with a global vision and a more open attitude, take more effective policy measures, further steadily promote capital account convertibility, and promote trade and investment facilitation

on the other hand, China has changed from a country with a shortage of foreign exchange to a country with relatively abundant foreign exchange. By the end of March 2011, the national foreign exchange reserve had reached US $3.04 trillion, and the foreign exchange risk tolerance has been significantly enhanced. At the same time, it means that the institutional basis of wide in and strict out foreign exchange management formed during the period of foreign exchange shortage and the policy basis of differential treatment foreign exchange management according to ownership no longer exist. The new foreign exchange revenue and expenditure situation objectively requires that TPV products produced by dawn group have sold well in domestic and foreign markets. We should reform the foreign exchange management concept of "wide in and strict out", realize the balanced management of Foreign Exchange Inflow and outflow, and further promote the reform of foreign exchange management system

next, the reform of foreign exchange management will focus on the reform of capital account. The outline of the 12th Five year plan just issued clearly proposes to gradually realize the convertibility of RMB capital account. The reform of capital account foreign exchange management mainly focuses on the following three aspects. First, reform or abolish capital control measures, reduce management costs, improve the transparency and efficiency of the exchange rate system, promote market players to allocate resources reasonably, spread risks and improve competitiveness in an open environment, and promote the healthy and sustainable development of the market economy. Second, according to the development strategy of national economic development and financial reform, under the premise of controllable risks, and in accordance with the principles of step-by-step, overall planning, easy first, difficult later, and leaving room, we should further promote the reform of foreign exchange management of capital accounts, and gradually realize the convertibility of RMB capital accounts. Third, we should improve and perfect the data collection, monitoring, analysis and early warning system of cross-border capital flows, realize the full caliber statistics, monitoring and early warning analysis of cross-border capital flows with computer automatic processing function and experimental curve display, prevent the risks of cross-border capital flows, and maintain national economic security