State Administration of Foreign Exchange: Safeguard the stability of the foreign exchange market and national economic and financial security; crack down severely on illegal cross-border financial activities.

Zhitong Finance APP has learned that on October 30, Zhu Hexin, Party Secretary and Director of the State Administration of Foreign Exchange, chaired a Party leadership group meeting to convey and study General Secretary Xi Jinping's important speech at the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China and the spirit of the plenum, and to study and deploy implementation work. The meeting required resolutely implementing the major decisions and arrangements of the Party Central Committee. Earnestly implement the requirements of the "15th Five-Year Plan," improve a more convenient, more open, safer, and smarter foreign exchange management system and mechanisms, advance deep-level reform and high-level opening up in the foreign exchange field, do a good job in the "five major articles" of finance, safeguard the stability of the foreign exchange market and national economic and financial security, severely crack down on illegal cross-border financial activities, strengthen capacity building in foreign exchange reserve management and operations, and effectively follow the path of financial development with Chinese characteristics.