The fourth was to improve the RMB exchange rate formation mechanism reform, and speed up the reform of foreign exchange system.
Efforts were made to deepen the reform of the foreign exchange system, appropriately guide the market expectation of RMB exchange rate, strengthen the monitoring over, analysis of and management of cross-border capital flows, and strengthen monitoring over abnormal cross-border capital flows in the trade sector and other areas; to reform the foreign exchange system in trade in service on a pilot basis in some regions; to allow more market participants on the foreign exchange market, and to promote the equilibrium of the balance of payments.