The country will implement various foreign exchange facilitation measures, expand the pilot program on simplifying trade payments and adopt electronic records for taxes related to forex payments in service trade, the administration said in a statement released after Friday's teleconference.
The administration will explore reform in the cross-border investment management of private equity funds and continue to steadily expand the two-way opening and connectivity of financial markets, it said.
It also pledged efforts to forestall financial risks in the forex field, and vowed "zero tolerance" for illegal activities such as underground banks and cross-border gambling, it said.
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