Title:Facilitating Innovation to Improve the Quality and Efficiency of Foreign Exchange Administration under the Current Account

China Forex: What is the overall direction of China's foreign exchange administration under the current account in 2024?

LIU Bin: In recent years, China's foreign trade structure has been continuously optimized, with new growth points constantly emerging. Foreign exchange administration under the current account always adheres to a people-centered development philosophy, and actively practices the concept of "benefiting enterprises and the people" when formulating administration policies and optimizing foreign exchange services. This helps ensure the genuine and compliant demand for foreign exchange by enterprises and individuals.