The State Administration of Foreign Exchange (SAFE) is a state administrative agency at the deputy ministerial level, with seven functional departments and party committees. Four institutions. The State Administration of Foreign Exchange (SAFE) is a national bureau managed by the People's Bank of China, and its provincial and municipal branches are not local governments, but vertical management. It is the functional organization for managing foreign exchange in China, which is under the centralized management of the People's Bank of China.
Its main function is to be responsible for the statistical monitoring of balance of payments and external claims and debts, release relevant information according to regulations, and undertake the relevant work of monitoring cross-border capital flows; To study and put forward policy suggestions on the reform of foreign exchange management system, prevention of balance of payments risks and promotion of balance of payments; To study the policies and measures to gradually promote the convertibility of RMB capital account, cultivate and develop the foreign exchange market, and provide suggestions and basis for the People's Bank of China to formulate RMB exchange rate policy.
The level of this unit is the national bureau at the deputy ministerial level.
The State Administration of Foreign Exchange (SAFE) is a state administrative agency at the deputy ministerial level, with seven functional departments and party committees. Four institutions. The State Administration of Foreign Exchange (SAFE) is a national bureau managed by the People's Bank of China, and its provincial and municipal branches are not local governments, but vertical management. It is the functional organization for managing foreign exchange in China, which is under the centralized management of the People's Bank of China.
Its main function is to be responsible for the statistical monitoring of balance of payments and external claims and debts, release relevant information according to regulations, and undertake the relevant work of monitoring cross-border capital flows; To study and put forward policy suggestions on the reform of foreign exchange management system, prevention of balance of payments risks and promotion of balance of payments; To study the policies and measures to gradually promote the convertibility of RMB capital account, cultivate and develop the foreign exchange market, and provide suggestions and basis for the People's Bank of China to formulate RMB exchange rate policy.