I. Supervision of foreign exchange market
Shanghai Branch of the State Administration of Foreign Exchange is responsible for the supervision of Shanghai's foreign exchange market. Through the daily monitoring and analysis of the foreign exchange market, the sub-bureau can find the abnormal situation of the market in time and take effective measures to intervene to ensure the stable operation of the foreign exchange market. At the same time, the branch also strengthened the supervision of foreign exchange trading institutions, standardized their business practices, and prevented foreign exchange market risks.
Two. Foreign exchange business approval
Shanghai Branch of the State Administration of Foreign Exchange is responsible for examining and approving foreign exchange-related business applications in Shanghai. Including enterprises, individuals and other units to apply for foreign exchange business, such as opening foreign exchange accounts, foreign exchange fund transfer, foreign exchange receipts and payments, etc. In the process of examination and approval, the branch will strictly follow the national foreign exchange management policies and regulations to ensure the compliance and safety of foreign exchange business.
Three. Statistics of foreign exchange receipts and payments
The Shanghai Branch of the State Administration of Foreign Exchange is also responsible for the statistics of foreign exchange receipts and payments in Shanghai. By collecting, sorting out and analyzing all kinds of foreign exchange income and expenditure data, the branch has a comprehensive grasp of Shanghai's foreign exchange income and expenditure, providing scientific basis for formulating and adjusting foreign exchange management policies. At the same time, these statistics are also helpful to monitor and analyze Shanghai's economic operation and provide reference for government decision-making.
To sum up:
Shanghai Branch of State Administration of Foreign Exchange plays an important role in Shanghai's foreign exchange management. By strengthening the supervision of the foreign exchange market, standardizing the examination and approval of foreign exchange business and doing a good job in the statistics of foreign exchange receipts and payments, the branch ensured the stable operation of the Shanghai foreign exchange market and the compliance of foreign exchange business. These efforts not only help to maintain national economic security, but also provide a strong guarantee for Shanghai's economic development.
Legal basis:
Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control
Article 2 provides that:
The state exercises foreign exchange control. The foreign exchange administration department of the State Council and its branches shall perform their duties of foreign exchange administration according to law and be responsible for the implementation of these Regulations.
Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control
Article 7 provides that:
The State Administration of Foreign Exchange and its branches (hereinafter referred to as the foreign exchange administration organs) shall perform the following duties according to law:
(1) Formulating and promulgating foreign exchange management policies and regulations;
(2) To supervise foreign exchange receipts and payments, transactions, loans, transfers and international settlement;
(3) To supervise and manage foreign exchange market activities.
(4) Examining and approving foreign exchange business.
(five) responsible for the statistics and analysis of foreign exchange receipts and payments;
(6) To supervise and inspect the foreign exchange business activities of designated foreign exchange banks and other financial institutions;
(seven) other duties stipulated by the State Council.