What is the function of the safe?
(1) Designing and implementing a statistical system of international balance of payments, drafting and organizing the implementation of a statistical declaration system of international balance of payments, collecting statistical data of international balance of payments, and compiling a balance of payments statement.
(2) To analyze and study the foreign exchange receipts and payments and the balance of payments, put forward policy suggestions for maintaining the balance of payments, and study the convertibility of RMB capital account.
(3) Formulating measures for the administration of the foreign exchange market, supervising and managing the operation order of the foreign exchange market, and cultivating and developing the foreign exchange market; Analyze and forecast the supply and demand situation in the foreign exchange market, and provide suggestions and basis for the People's Bank of China to formulate exchange rate policies.
(four) to formulate measures for the administration of current account exchange and supervise the current account exchange behavior according to law; Standardize the management of foreign exchange accounts at home and abroad.
(5) To supervise and manage the transactions under capital account and the remittance, remittance and payment of foreign exchange according to law.
(six) according to the provisions of the management of national foreign exchange reserves.
(7) Drafting foreign exchange management regulations, inspecting the implementation of foreign exchange management regulations by domestic institutions according to law, and punishing illegal acts.
(8) Participating in relevant international financial activities.
Related knowledge: What is foreign exchange control?
Foreign exchange control refers to the restrictive measures taken by a government to balance the international payments and maintain the exchange rate of its own currency. It is also called foreign exchange management in China. The government's international trade policy of restricting imports through laws and regulations to restrict international settlement and foreign exchange transactions. Foreign exchange control is divided into quantity control and cost control. The former means that the State Administration of Foreign Exchange directly restricts and allocates the volume of foreign exchange transactions, and achieves the purpose of restricting exports by controlling the total amount of foreign exchange; The latter means that the State Administration of Foreign Exchange implements a multiple exchange rate system for foreign exchange transactions, and uses the differences in foreign exchange transaction costs to adjust the structure of imported goods.
Establishment of foreign exchange management institutions
The State Administration of Foreign Exchange (SAFE) is a vice-ministerial State Administration, which consists of nine functional departments (divisions) and government party committees, including comprehensive department (policy and regulation department), balance of payments department, current account management department, capital account management department, management inspection department, reserve management department, personnel department (internal audit department), science and technology department and supervision department. It also consists of central foreign exchange business center, foreign exchange business data monitoring center, government service center and China foreign exchange management department.
The State Administration of Foreign Exchange has set up branches (foreign exchange management departments) in all provinces, autonomous regions, municipalities directly under the Central Government and some sub-provincial cities, central branches in some cities and sub-branches in some counties (cities). The branches of the State Administration of Foreign Exchange and the local branches of the People's Bank of China are located in the same place.
After reading this article, everyone clearly knows the role of safe from the legal provisions. This paper introduces several aspects, each of which will be endowed with certain functions in order to be the meaning of existence, hoping to answer this question in everyone's mind.