In order to thoroughly implement the guiding principles of the Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) and the Central Economic Work Conference, and improve the transparency of foreign exchange-related laws, regulations, and policies, the State Administration of Foreign Exchange (SAFE) has recently updated and released the Catalog of Current Major Laws and Regulations in Effect on Foreign Exchange Administration (as of June 30, 2025) (hereinafter referred to as the Catalogue) for the convenience of the general public.
The updated Catalog includes a total of 174 major regulations on foreign exchange administration issued as of June 30, 2025, which are classified into eight categories, i.e., general, foreign exchange administration under the current account, foreign exchange administration under the capital account, supervision of foreign exchange business of financial institutions, renminbi exchange rate and foreign exchange market, balance of payments and foreign exchange statistics, foreign exchange inspection and application of laws and regulations, and technology management in the foreign exchange administration. These regulations are further divided into several sub-categories according to specific business types.
The SAFE will continue to follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, balance development and security, advance reform and opening up of the foreign exchange sector to a deeper level and wider scope, further enact, revise, repeal, and interpret foreign exchange administration laws and regulations on an ongoing basis, and improve the quality and efficiency of foreign exchange services for the real economy.