China’s SAFE Seeks Public Input on Nine-Point FX Facilitation Package

TREE NEWS update: China’s State Administration of Foreign Exchange has opened a public consultation on a package of nine foreign-exchange facilitation measures. The proposals include deepening high-level opening in cross-border trade FX services, expanding the scope of FX business for payment institutions serving new trade formats, refining corporate trade credit reporting, improving personal FX agency services, and widening the income and expenditure scope of insurers’ FX capital deployment accounts. SAFE said the package was formed after research with banks and companies and a full assessment of policy effects.