The State Administration of Foreign Exchange has announced plans to expand high-level institutional opening-up in the forex sector and deepen facilitation reforms in 2026. The announcement came at the administration's annual work conference held on Monday and Tuesday. These steps aim to support cross-border trade and financial services.
The State Administration of Foreign Exchange outlined its 2026 agenda at an annual work conference held on Monday and Tuesday, January 5-6. Key initiatives include streamlining trade-related foreign exchange procedures, orderly expanding pilot programs for high-level openness in cross-border trade, and broadening the application scenarios of cross-border financial services platforms. Enhanced support will also be provided for emerging trade forms, such as cross-border e-commerce.
Financial institutions will be encouraged to develop user-friendly hedging products, while improving the service levels of forex market infrastructure. Policies on outbound lending and domestic foreign currency loan management will be rolled out, alongside nationwide implementation of the integrated cross-border fund management policy for multinational companies in both local and foreign currencies.
The conference stressed the need to strengthen foreign exchange regulation to adapt to a higher level of openness. These efforts are designed to foster a more efficient forex environment and promote the high-quality development of China's forex market.
