Fourthly, 9 reform measures on foreign exchange capital management were launched on a trial basis in Pudong district Shanghai with the purpose to create a favorable policy environment for multinational enterprises.
Previously, taking the facilitation of trade and investment, and the improvement of exchange market construction into consideration as the basic principle, reform on foreign exchange management was spearheaded in an innovative, gradual and controllable way as required in Pudong  2  BIS Review 87/2005  District of Shanghai by introducing the 9 policy measures, steps will be taken to conduct centralized management of foreign exchange capital in the domestic market, centralize the management of RMB capital, deal with cross-border capital operation, streamline the procedures of trade revenue and expenditure in foreign exchange, streamline the procedures under non-trade item, pursue financial innovation, and establish a monitoring and assessment system.