China Forex Regulator Says to Add New Measures to Improve Sector

MT Newswires Live

01/07

China's foreign exchange regulator will facilitate the further opening-up of the country's foreign exchange market in 2026 through new measures, Xinhua News Agency reported Tuesday, citing the proceedings from the body's annual work conference.

The State Administration of Foreign Exchange (SAFE) will streamline forex procedures, expand its pilot programs for more open cross-border trading, widen the functions of cross-border financial services platforms, and improve support for cross-border e-commerce and other trade forms, the report said.

SAFE will also help financial companies develop user-friendly hedging tools to boost forex infrastructure, according to the report.

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