China's Foreign Exchange Account Management System And Development Of Improved

Economic and financial globalization, foreign capital flows continue to increase the frequency and scale of China's foreign exchange administration is facing a new situation, free trade, foreign exchange management Goodchild, the premise can be monitored to achieve the fullest Xia facilitation. Meet this demand, foreign exchange management step by step mode by the prior administrative approval of changes to the monitoring afterwards, in this case, control foreign exchange flows of information become the key to the effectiveness of foreign exchange management. Foreign exchange income and expenditure account, as most systems, the most basic sources of foreign exchange, has become a vehicle to carry out monitoring of capital flows. Since September 2002, the State Administration of Foreign Exchange started the promotion and use of foreign exchange account management information system, initially to establish a support system to realize the foreign exchange account foreign exchange flows and stock of domestic institutions monitoring framework.The new "The People's Republic of China Foreign Exchange Management Regulations," Article VII:"foreign exchange business of financial institutions, foreign exchange management departments should be in accordance with the provisions of the State Council for the customer to open foreign exchange accounts, and through the foreign exchange account for foreign exchange business. Conduct foreign exchange business, financial institutions according to the exchange administration agencies shall submit the accounts of customers and changes in foreign exchange income and expenditure. "account for the realization of foreign exchange receipts and payments on all foreign exchange funds have provided a legal support caliber statistics also reflect foreign exchange account management system through the implementation of the cross-border foreign exchange funds, within the balance of payments, exchange settlement and sales data, a comprehensive collection as the basis for the establishment of foreign exchange monitoring system intended direction. Over the years, scholars changes in foreign exchange management, foreign exchange cash flow monitoring, etc. subject, but how to rely on a comprehensive change management system implementation and effective monitoring of funds to achieve too little debate. Therefore, this article focuses on exploring the establishment of convenient and effective management and monitoring system for foreign exchange accounts, foreign exchange receipts and payments to achieve the scientific monitoring, efforts to create a standardized, secure, and efficient decision making with the Exchange environments. The practical significance is the change in foreign exchange management functions, the main service on the market, effectively promote trade and investment facilitation, proposed a gradual and complete solution, and this is where the author's focus. This article is divided into four parts:The first chapter of the situation at home and abroad and the main point of view, the situation in the foreign exchange liquidity, regulatory requirements, trade facilitation and the account of its inherent characteristics were discussed based on the foreign exchange account management system construction significance.The second chapter of our foreign exchange account management policies and the development of information system evolution and current situation, combined with specific business and regulatory practices of the China's current foreign exchange account management system deficiencies, and yet continue to improve the critical point.The third chapter is relying on the foreign exchange account foreign exchange monitoring system to establish a comparative study on South Korea, Australia, two systems policy and information systems analysis, drawn on the foreign exchange account management system improvement and development in China.Chapter IV presented a comprehensive system of foreign exchange account management system to improve the overall idea of the main principles of foreign exchange account operations and financial processes were re-outline, in this based on the design and implementation of specific programs to promote and put forward the application and development of ideas overall design of the system construction of China's foreign exchange account strategy.