Foreign Exchange Management Investigation and Research - 2005 Research Report Collection of the General Administration of State Administration of Foreign Exchange, Tianjin Branch

Author: Guo Qingping, Editor-in-Chief
Publisher:
Publish Date: 2006-09-01
Features: In 2005, the Tianjin Branch of the State Administration of Exchange Rates (SAFE) adhered to the guidance of Deng Xiaoping Theory and the Important Thought of the "Three Represents," following the requirements of implementing the Scientific Outlook on Development. Guided by the unified leadership of the Tianjin Branch of the People's Bank of China, the branch actively implemented the work arrangements of the headquarters, further facilitated foreign trade and investment activities around the goal of promoting balance in international payments, strengthened the management of short-term capital inflows and settlement, and steadily advanced the liberalization of the capital account. As a result, foreign exchange management was further strengthened.
Focusing on the reform of the RMB exchange rate formation mechanism, the branch conscientiously implemented the supporting policy measures of the headquarters, including the development of the foreign exchange market, ensuring the smooth implementation of the exchange rate reform in Tianjin and promoting the stable transition and development of the city's foreign-related economy.
Focusing on the development and opening-up of the Binhai New Area, the branch actively explored reforms in the foreign exchange management system, promoted innovation in foreign exchange management systems, and proposed a plan for the reform of foreign exchange management in the Binhai New Area.