Annual Developments in Foreign Exchange Management

Authors:  Jing Qin

Abstract: In 2011, China had a volatile foreign exchange payment flow within a complex international financial environment. The foreign exchange management authority carried forward reform of foreign exchange control in the fields of trade settlement, banks' own foreign exchange settlement and sale business, and round-tripping capital to promote development of the foreign exchange market, while tightening supervision over inflow of hot money and curbing financial risks. In the future, management measures will be concentrated in cross-border capital flows management and economic structure reform.

Key words:  Foreign Exchange Administration; Hot Money; Foreign Reserve

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