According to TechFlow, on December 27, according to an official announcement, the State Administration of Foreign Exchange issued the "Management Measures for Bank Foreign Exchange Risk Transaction Reports (Trial)", which will be implemented from now on. The measures aim to strengthen bank foreign exchange risk management, especially for high-risk transactions such as false trade, underground banks and illegal cross-border financial activities of virtual currencies, and implement early identification, early warning and early disposal.

The main contents include: clarifying the reporting responsibilities of banks, requiring the establishment of a foreign exchange risk transaction monitoring system and submitting relevant reports; stipulating the scope of information reporting, covering cross-border capital flow activities suspected of illegal and irregular activities; clarifying the content of the report, such as basic information and proposed disposal measures; strengthening internal management measures, including internal control systems and data confidentiality management.