Hebei tends to shift management style for better monitoring

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Hebei provincial foreign exchange management conference was held last week at Shijiazhuang, capital of Hebei province. The meeting has advocated the spirit made up from the SAFE, and has summarized the experiences of the last year with analysis on balance of international payments and exchange reserves, to fix the tasks for next year.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

The meeting has noticed that, in 2009, the local foreign exchange sectors has gained remarkable success in sincerely implementation of reform measures, backing up local economic growth and in prevention of all risks added by improved service ability. In the new year, it calls for the progressing of reform on exchange management, facilitating trade and investment, to perfect service functions with statistic supervision and abnormal capital flows monitoring, so as to ensure steady growth of local export-oriented economy.

The following tasks are emphasized for next stage: (1) to promote the shift of exchange management style; (2) to support local economy through facilitating trade and investment; (3) enhancing monitoring of capital flows and preventing risks of unusual funds; (4) enhance transparency via improved publicizing mechanism; (5) strengthen internal management for clean and lawful administration.