Head Office

SAFE Head Office consists of 7 functional departments including General Affairs Department, Balance of Payments Department, Current Account Management Department, Capital Account Management Department, Supervision and Inspection Department , Reserve Management Department , Human Resources Department (also known as Internal Auditing Department). There are also four institutions affiliated to the SAFE, including Central Foreign Exchange Business Center, Information Center, General Service Center, and Editorial Office for the Foreign Exchange of China Magazine.

General Affairs Department is responsible for: 1) Organizing and coordinating daily operations of the Head Office and managing the electronic system for administrative operations; 2) Providing propositions on major financial and foreign exchange policies based on research; 3) Legal affairs; 4) Press release, publicity and information management; 5) Accounting, international relations and activities; (6) Confidentiality and archives management, handling complaint letters and calls from the public.

Balance of Payments Department is responsible for: 1)Designing and implementing the statistical systems for balance of payments, foreign exchange receipts and payments, foreign exchange sale and purchase with banks, foreign exchange accounts and other items under the administration of the SAFE, and compiling the relevant reporting forms; 2) Supervising the foreign exchange receipts and payments of banks; 3) Monitoring the execution of renminbi exchange rates, conducting research on the exchange rate formation mechanism and providing propositions on exchange rate policies; 4) Supervising the inter-bank foreign exchange market operations and foreign currency settlement in China; 5) Analyzing and forecasting the BOP and foreign exchange positions.

Current Account Management Department is responsible for: 1) Supervising the foreign exchange operations under current account; 2 ) Formulating and implementing rules and regulations governing the foreign exchange operations under current account; 3) Monitoring and performing off-site surveillance on the verification of export proceeds and import payments as well as the operations of foreign exchange accounts; 4) Performing other duties assigned to the SAFE in relation to current account administration.

Capital Account Management Department is responsible for: 1) Supervising capital and financial account transactions; 2)Monitoring the foreign exchange receipts and payment s , foreign exchange sale and purchase with banks, and foreign exchange account activities under capital and financial account; 3) Conducting statistical forecast and early-warning on capital and financial account; 4) Formulating and enforcing relevant business rules and regulations.

Supervision and Inspection Department is responsible for: 1) Preparing rules and regulations on examination and inspection of foreign exchange transactions; 2) Conducting investigations on illegal foreign exchange operations or operations in violation of regulations and rules, and taking punitive actions accordingly; 3) Organizing and coordinating anti-money laundering work related to foreign exchange administration; 4) Deploying and guiding SAFE branches in examination and inspection of foreign exchange activities.

Reserve Management Department is responsible for: 1) Operating and managing the state foreign exchange reserves according to relevant national strategy and principles; 2) Operating the required reserves of foreign exchange deposit with the PBC's authorization.

Human Resources Department (Internal Auditing Department) is responsible for: 1) Formulating and enforcing rules and procedures in relation to personnel management, staff training and education, salary and benefit, overseas assignment and internal auditing; 2) Managing the organization structure, and staff management; 3) Managing the overseas assignments; 4) Conducting internal auditing in a manner as authorized.

SAFE CPC Committee is responsible for: Managing CPC party affairs and mass work in the SAFE Head Office and Beijing-based affiliated institutions.

Central Foreign Exchange Business Center has the mandate mainly identical to the Reserve Management Department.

Information Center is responsible for: 1) Drafting the plan for electronic construction of the SAFE; 2) Designing, developing, operating and maintaining the application systems for foreign exchange administration; 3) Coordinating the requirements for IT services by the departments and business units of the SAFE; 4) Rolling out the application systems for foreign exchange administration.

General Service Center is responsible for: 1) Formulating and enforcing the procedures, rules and regulations on the general logistics; 2) Conducting the logistics supply, asset and property management, document printing, transportation services, safety affairs, reception arrangement, security affairs and medical services.

Editorial Office for the Foreign Exchange of China Magazine is responsible for: Editing, publishing and distributing the Foreign Exchange of China Magazine.