Recently, the Ningxia branch of the State Administration of Foreign Exchange (SAFE) issued a statement introducing 20 measures of five aspects to support the foreign currency management of the Ningxia Inland Pilot Economic Zone and Yinchuan Comprehensive Bonded Area.

The statement introduced new measures in the following five aspects: Deepening foreign exchange reform and improving convenience in trade and investment; strengthening capital account foreign exchange management and widening investment and financing channels; expanding and improving financial institution foreign exchange services; changing foreign currency management methods and improving services for the real economy; and strengthening the monitoring of cross-border funds .