RMB Exchange Rate Reform and Foreign Exchange Policy Practical Handbook

Author: State Administration of Foreign Exchange
Publisher:
Publish Date: 2005-12-01
Features: The reform of the RMB exchange rate formation mechanism will have a significant and far-reaching impact on China's economic and financial activities. The new RMB exchange rate system needs to be continuously improved in line with the development of the economic and financial situation. We will firmly follow the central's reform plan, strive for progress, work solidly, and ensure the smooth implementation of the reform. We will take the exchange rate formation mechanism reform as an opportunity, focus closely on the goal of promoting a basic balance in international payments, further deepen foreign exchange system reform, accelerate the establishment of market mechanisms and management systems for regulating international payments, continue to promote trade and investment facilitation, strengthen the management of capital inflows, guide orderly capital outflows, steadily advance capital account convertibility, accelerate the development of the foreign exchange market, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
This is a knowledge guide to help understand the RMB exchange rate reform. This is a comprehensive reference book that collects important policies of the exchange rate reform. This is a practical manual for authoritative interpretation of foreign exchange supporting policies. This is a handy tool book for checking the definitions of policy terms related to the exchange rate reform.