SAFE Releases Draft to Simplify Foreign Exchange Settlement
Start here
On 3 November 2026, the State Administration of Foreign Exchange released a draft for public consultation proposing 9 measures to facilitate foreign exchange transactions under the current account. The draft aims to expand the scenarios, scope and types of services covered and further reduce corporate funding costs; it also simplifies cross-border trade payment processes to promote international commercial exchanges. The draft is currently at the public consultation stage, and the report did not mention a specific implementation timetable or the scope of enterprises covered.
Generated by AI from reporting · updated 1 hour ago
Reporting timeline
Follow the reports to explore different aspects of the story.
- 南華早報·商業SAFE Issues Draft Rules to Simplify Foreign Exchange Settlement and Facilitate Cross-Border Trade
The State Administration of Foreign Exchange issued a draft for public consultation on Monday, proposing 9 measures to facilitate current-account foreign exchange transactions, aiming to expand the applicable scenarios, scope and types of services and further reduce corporate funding costs. The draft also simplifies cross-border trade payment processes to promote international commercial exchanges.
Activity over time for this story
There are not enough continuous observations to draw a trend yet.