At a Sept. 10 press briefing, State Administration of Foreign Exchange deputy director and spokesperson Li Bin said SAFE will comprehensively deepen foreign-exchange management reform during the 15th Five‑Year Plan to build a more convenient, open, secure and intelligent FX management system. He said the “more convenient” objective focuses on making foreign-exchange services faster and easier for compliant, trustworthy market participants. SAFE will vigorously advance reform to expand banks' for

At a Sept. 10 press briefing, State Administration of Foreign Exchange deputy director and spokesperson Li Bin said SAFE will comprehensively deepen foreign-exchange management reform during the 15th Five‑Year Plan to build a more convenient, open, secure and intelligent FX management system. He said the “more convenient” objective focuses on making foreign-exchange services faster and easier for compliant, trustworthy market participants. SAFE will vigorously advance reform to expand banks' foreign‑exchange operations and refine a facilitation policy framework that favors compliance — “the more trustworthy, the more convenient” and “compliant parties go first.”