We will improve the framework for foreign exchange market administration featuring “macro-prudential management plus micro supervision” and enhance the review mechanisms for combating money laundering, terrorist financing and tax evasion so as to safeguard the stable and sound operation of the foreign exchange market. The near-term priorities in the reform and opening-up of the foreign exchange sector are as follows.
As for the conditions surrounding price developments, the balance between supply and demand is expected to keep exerting downward pressure on prices for a while amid persistently weak domestic demand, although the completion of inventory adjustment and the rise in capacity utilization rates will support prices to some degree.