State Administration of Foreign Exchange: Maintaining Foreign Exchange Market Stability and National Economic and Financial Security and Strictly Cracking Down on Illegal Cross-border Financial Activities

The Zhitong Finance App learned that on October 30, Zhu Hexin, Party Secretary and Director of the State Administration of Foreign Exchange, presided over a party group meeting to convey the spirit of studying General Secretary Xi Jinping's important speech and plenary session at the Fifth Plenary Session of the 20th CPC Central Committee, and to study, deploy and implement the work. The meeting called for resolute implementation of the major decisions and arrangements of the Party Central Committee. Conscientiously implement the requirements of the “15th Five-Year Plan”, improve a more convenient, more open, safer and smarter foreign exchange management system, promote in-depth reform and high-level opening-up in the foreign exchange field, do a good job in the “Five Major Articles” in finance, maintain the stability of the foreign exchange market and the country's economic and financial security, strictly crack down on illegal cross-border financial activities, strengthen capacity building for foreign exchange reserve management, and effectively follow the path of financial development with Chinese characteristics.

The full text is as follows:

The Party Group of the State Administration of Foreign Exchange conveyed the spirit of studying the Fifth Plenary Session of the 20th CPC Central Committee

On October 30, 2026, Zhu Hexin, Party Secretary and Director of the State Administration of Foreign Exchange, presided over a party group meeting to convey the spirit of studying General Secretary Xi Jinping's important speech and plenary session at the Fifth Plenary Session of the 20th CPC Central Committee, and to study, deploy and implement the work. Party members of the State Administration of Foreign Exchange attended the meeting.

The conference believes that the Fifth Plenary Session of the 20th CPC Central Committee was a very important meeting held at the important juncture of the 105th anniversary of the founding of the Communist Party of China and a critical period for basic socialist modernization. General Secretary Xi Jinping's important speech at the plenary session profoundly explained the strategic considerations and decisions to persevere in advancing comprehensive and strict government of the Party in the new journey, deeply answered a series of major questions, and was highly political, ideological, strategic, and guiding. The “Decision of the CPC Central Committee on Persistently Promoting Comprehensive and Strict Governance of the Party”, which was reviewed and approved by the plenary session, systematically summarizes the great achievements of comprehensively and strictly governing the Party in the new era, summarizes the valuable experience of comprehensively and strictly governing the Party in the new era, thoroughly analyzes the new situation, new tasks and challenges facing party building, and makes strategic plans for persevering in promoting comprehensive and strict government of the Party. It is a programmatic document for continuing to advance the new great project of Party building in the new era. It is of great practical significance and long-term guidance for uniting and leading the people of all ethnic groups across the country to comprehensively advance the building of a strong nation and national revival through Chinese-style modernization. Significance.

The conference pointed out that since the 18th National Congress of the Party, the Party Central Committee, with Comrade Xi Jinping at the core, has unswervingly and strictly governed the Party comprehensively and comprehensively, with great political courage and strong responsibility, controlled chaos from the inside, and continued to resolve outstanding issues, and the Party has become stronger and more powerful in revolutionary forging. The new era of comprehensive and strict government of the Party has opened up a new realm of self-revolution for the century-old Party, and promoted historic achievements and historic changes in the cause of the Party and the country. In the great practice of managing the Party, governing the Party and strengthening the Party in the new era, the Party Central Committee, with Comrade Xi Jinping at the core, proposed a series of new ideas, new ideas, and new strategies, forming Xi Jinping's ideology of party building, and providing fundamental guidelines for further advancing the new great project of party building in the new era.

The meeting demanded that party organizations at all levels of the State Administration of Foreign Exchange and the vast majority of Party members and cadres should carefully study and understand General Secretary Xi Jinping's important speech and the spirit of the plenary session, thoroughly study and implement Xi Jinping's ideology of party building, promote comprehensive and strict government of the Party with higher standards and more practical measures, deeply understand the decisive significance of “two definitions”, strengthen “four self-confidence”, and achieve “two maintenance”.

The first is to adhere to the Party Central Committee's centralized and unified leadership of financial and foreign exchange work. Put the Party's political construction first, strictly implement the “first topic” system, implement the system for requesting instructions and reports on important matters, and thoroughly implement the spirit of General Secretary Xi Jinping's important instructions and instructions and the decisions and arrangements of the Party Central Committee. Strictly implement the democratic centralization system, take strengthening party character as the fundamental task of comprehensively and strictly governing the Party, strengthen loyalty education to the Party, guide Party members and cadres to firmly adhere to their ideals and beliefs, cultivate feelings for the people, and consciously practice the political and popular nature of financial work.

The second is to resolutely implement the major decisions and arrangements of the Party Central Committee. Conscientiously implement the requirements of the “15th Five-Year Plan”, improve a more convenient, more open, safer and smarter foreign exchange management system, promote in-depth reform and high-level opening-up in the foreign exchange field, do a good job in the “Five Major Articles” in finance, maintain the stability of the foreign exchange market and the country's economic and financial security, strictly crack down on illegal cross-border financial activities, strengthen capacity building for foreign exchange reserve management, and effectively follow the path of financial development with Chinese characteristics.

The third is to forge a team of highly qualified foreign exchange management cadres. Conscientiously implement the Party's organizational line in the new era, focus on building a strict organizational system that runs through the top and bottom and has strong execution, and carry out strict requirements throughout the entire chain of cadre selection, training, and use. Adhere to rules first, fairness and impartiality, and use systems to guarantee correct employment orientation. Strictly control the entry point for selecting and employing people, insist on putting political standards first, conduct in-depth and practical examinations of the political quality of cadres, select and match strong leadership teams and leading cadres at all levels, normalize cadre rotation exchanges, and provide strong organizational guarantees for promoting the high-quality development of foreign exchange management.

Fourth, unswervingly uphold discipline and fight corruption. Adhere to the party character, party style, and discipline, go hand in hand with fighting corruption, pay more attention to treating both the symptoms and root causes and systematic governance, and promote integrated promotion if you don't dare to corrupt, don't want to be corrupt. Promote the normalization and long-term effectiveness of work style construction, carry out in-depth Party discipline education and warning education, and actively promote financial culture with Chinese characteristics and the culture of integrity in the new era. Focus on key areas and key links, strengthen restrictions and supervision on the operation of power, and improve integrity risk prevention and control mechanisms. Support discipline inspection agencies to supervise and enforce discipline, seriously investigate and punish irregularities and discipline violations, and maintain a strict tone, strict measures, and a strict atmosphere at all times.

The fifth is to consolidate the political responsibility of governing the Party and governing the Party. Resolutely shoulder the main responsibility of comprehensively and strictly governing the Party, strengthen overall planning, improve the institutional mechanism for party building work, and improve the responsibility system for managing the Party and governing the Party. Comprehensively deepen the work pattern of party building with institutional party building, take good care of party building work in directly subordinate units and branches, optimize inspection, supervision and evaluation mechanisms for implementing responsibilities, tighten the chain of responsibility, and transmit the pressure of responsibility at various levels.

The conference emphasized that thoroughly studying and implementing the spirit of the Fifth Plenary Session of the 20th CPC Central Committee is a major political task at present and in the coming period. The system of the State Administration of Foreign Exchange should follow the unified deployment of the Party Central Committee, strengthen organizational leadership, adopt various forms to comprehensively promote the study, publicity and implementation of the spirit of the plenary session, continue to work hard to resolve outstanding issues, ensure the high-quality development of foreign exchange management work through high-quality party building, and welcome the successful holding of the 21st National Congress of the Party with excellent results.

The main responsible comrades from various departments and affiliated units of the State Administration of Foreign Exchange were dispatched to attend the meeting.

This article was selected from the “Official Website of the State Administration of Foreign Exchange”; Zhitong Finance Editor: Huang Xiaodong.