China's State Administration of Foreign Exchange has announced that it will expand high-level institutional opening-up and deepen facilitation reforms in the foreign exchange sector this year, according to the administration's annual work conference on Monday and Tuesday.
In 2026, further measures will be taken to streamline trade-related foreign exchange procedures, expand pilot programs for high-level openness in cross-border trade in an orderly manner, broaden the application scenarios of cross-border financial services platforms, and enhance support for new forms of trade, including cross-border e-commerce.
The administration will also support financial institutions to develop user-friendly hedging products and enhance the service levels of forex market infrastructure.
It will roll out policies governing outbound lending and domestic foreign currency loan management, and implement its integrated cross-border fund management policy for multinational companies nationwide in both local and foreign currencies.
Efforts will also be made to reinforce foreign exchange regulation and ensure it is adaptable to a higher level of openness, the conference said.
China to expand institutional opening-up of forex market in 2026
The ever-expanding nuclear ambitions of Japan's right-wing forces are a dangerous signal of the resurgence of Japanese militarism that poses a serious threat to world peace and stability, a Chinese foreign ministry spokesperson said here on Thursday.
Spokesperson Mao Ning made the remarks at a daily press briefing when speaking about a research report titled "Nuclear Ambitions of Japan's Right-Wing Forces: A Serious Threat to World Peace," which was released on Thursday morning.
"Since the new Japanese government took office, it has not hesitated to reveal the nuclear ambitions of right-wing forces. Prime Minister of Japan Sanae Takaichi and other senior officials sought to revise the three non-nuclear principles, implied the introduction of nuclear-powered submarines, called for boosting “extended deterrence” that Japan receives, and openly claimed that “Japan should have nuclear weapons.” Such moves of the Japanese side form a grave challenge to the international nuclear non-proliferation regime based on the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) and the postwar international order, and have been met with strong opposition from the international community and people from various sectors within Japan," said Mao.
Mao noted that the above-mentioned report exposes the intention of Japanese right-wing forces to own nuclear weapons, lists the alarming facts that Japan has been conducting research on nuclear weapons secretly and stockpiling large amount of sensitive nuclear materials for a long time, and has the potential of developing nuclear weapons.
She said that the report delves into the negative impacts Japanese right-wing forces' nuclear-related words and deeds could have on international peace and security, proposed a series of measures and suggestions on eliminating the vicious impact of words and deeds of the Japanese side, and called for opposing Japan's possession of nuclear weapons and safeguarding world peace.
"The Japanese right-wing forces' inflating nuclear ambitions are a dangerous signal of the resurgence of militarism in Japan, and pose serious threats to world peace and stability. The Japanese side should face up to the call of justice from the international community, immediately make clear its position on the issue of nuclear weapons, observe the obligations of the NPT and the three non-nuclear principles. The international community needs to watch out against Japan's dangerous tendency towards possessing nuclear weapons, exercise caution on nuclear cooperation with Japan, and continue bilateral and multilateral discussions on containing Japan's nuclear ambitions and stepping up monitoring and verification. The international law and nuclear non-proliferation regime must stay intact, and Japan must stop testing the bottom and red lines of international justice," said the spokeswoman.
Japan's ever-expanding nuclear ambitions serious threat to world peace, stability: spokesperson
