To push forward with reforms that delegate power, improve regulation, and upgrade services, and increase policy transparency, the State Administration of Foreign Exchange (SAFE) has recently updated the Catalogue of Major Effective Regulations on Foreign Exchange Administration (Catalogue) and released it in the "Policies & Regulations" section on its official website to facilitate queries and use by the public.

The Catalogue classifies 219 regulations on foreign exchange administration released as of December 31, 2019 into eight major categories, namely, General Foreign Exchange Administration, Foreign Exchange Administration under the Current Account, Foreign Exchange Administration under the Capital Account, Regulation of Foreign Exchange Business of Financial Institutions, RMB Exchange Rate and Foreign Exchange Market, BOP and Foreign Exchange Statistics, Foreign Exchange Inspections and Applicable Regulations, and Foreign Exchange Technical Management, and into several sub-categories further by type of business. In particular, new documents added to the Catalogue primarily concern promotion of cross-border trade and investment facilitation, streamlining of foreign exchange accounts, cancellation of evidence requirements related to foreign exchange administration, and standardizing of financial marketing and promotions.