give full play to foreign exchange inspection and guard against...
title:give full play to foreign exchange inspection and guard against the risks of cross-border capital flows
china forex: in 2021，what measures did the supervision and inspection department carry out? what are the outstanding features?
hu chunyu: in 2021，guided by xi jinping thought on socialism with chinese characteristics for a new era，the foreign exchange inspection department under the strong leadership of the party central committee，the state council and the party group of the state administration of foreign exchange (safe)，closely followed the work requirements of "based on the new development stage，implementing new development concepts，building a new development pattern，and achieving high-quality development"，and adhered to the bottom line thinking and the systematic concept. it spared no effort to build the law enforcement capacity，and effectively prevented the risk of abnormal flow of cross-border funds，making a good start for the "14th five-year plan". in order to coordinate the epidemic prevention and control and economic and social development，ensure stability on the six fronts (employment，financial operations，foreign trade，foreign investment，domestic investment，and expectations) and security in the six areas (job，basic living needs，operations of market entities，food and energy security，stable industrial and supply chains，and the normal functioning of primary-level governments)，and effectively prevent and minimize cross-border financial risks，the foreign exchange inspection department focused on rectifying illegal cross-border financial activities and cracking down on underground banks，cross-border gambling and illegal online foreign exchange speculation in 2021. the following work had been carried out.
first，we have adopted a zero-tolerance policy on illegal trading activities in underground banks，which effectively purified the foreign exchange market environment. second，new breakthroughs have been made in preventing and controlling the "capital chain" of cross-border gambling. third，we carry out in-depth and meticulous rectification of online foreign exchange speculation platforms. fourth，we have given notification of typical cases to guide and warn the public.
