Research Of Basic Foreign Exchange Bureau Performance Ability Under The Background Of Economic Globalization

With the development of globalization and regional integration of economy, the development of foreign in our country is confronted with new chances and challenges. As the Chinese government authorized the national monetary and financial management authority, the administration of foreign exchange mainly implements the management of China’s foreign exchange receipts and payments, loan, transfer, sale, exchange rate, international settlement and foreign exchange market, play a crucial role in maintaining the domestic foreign exchange market, supporting the overseas investment, stabilizing the domestic securities market. Therefore, strengthening the construction of grass-roots foreign exchange bureau performance ability is the inevitable requirement of the development of economic globalization, but also the objective requirement of economic integration must meet. In recent years, the foreign exchange bureau continuously decentralization, foreign exchange bureau to enhance their ability to perform their duties and continuous research and practice, from practice and accumulated a lot of experience and lessons. The administration of foreign exchange in the face of rapid development and the actual demand of area of foreign affairs, take effective measures actively, to meet the needs of the local government, the designated foreign exchange banks, foreign enterprise foreign exchange service demand as the goal, innovation service means, strengthen business supervision, severely punish illegal behavior, to create a good environment for foreign exchange policy.However, with the current domestic and international economic situation grim continuously, the foreign exchange bureau at the grassroots level in our country is faced with a severe challenge. At present, there are many difficulties in the administration of foreign exchange in the performance of their duties at the grassroots level: Forex bureau system does not sound internal control system, foreign exchange policy transmission is not smooth, the increasing complexity of environmental performance of their duties, foreign financial service needs to be improved, system deficiencies and regulatory functions of the existing foreign exchange forex management issues such as the weakening of the regulatory framework. Reasons for the formation of the issue, both objective factors, but also subjective factors. Internal control system: the existence of internal control thought misunderstanding; internal control system is not perfect; the internal control environment to some extent, restricted the implementation of the internal control system; lack of awareness of the importance of the foreign exchange management system implementation constraints of internal control; the quantity and quality of staff to a certain extent the impact of the implementation of the internal control system; the lack of effective internal control system monitoring tools. The implementation of foreign exchange policy: the lack of the main regulatory legislation; designated foreign exchange banks in the foreign exchange policy transmission and poor implementation of the results; the economic situation the region is a major obstacle faced by foreign exchange policy. Foreign exchange management: data collection, monitoring and inspection difficult. Forex service levels: technical level is not high; subrogation perform designated foreign exchange bank supervision is not in place; the county gradual weakening of foreign exchange services. Foreign exchange management system regulatory framework: the total complex, loose logic, transparency is not high; modular form; structural imbalances, it is difficult to adapt to the outflow balanced management requirements; content of conflict, weakening regulations enforceable; numerous and varied foreign exchange regulations, the lack of continuity and uniformity. Forex financial regulation: the lack of regulation means; grass-roots organizations to reduce the foreign exchange problem is serious; regulatory functions fuzzy boundaries.Therefore, in order to seek foreign economy better and faster development, foreign exchange bureau duty capacity upgrade imminent, but this is a long-term and huge project. In this paper, through the analysis of the current domestic and international economic situation influence, the foreign exchange bureau resumption of the foreign exchange bureau functions changing, the legal basis, the establishment of branches of foreign exchange bureau and the resumption of the legal status and responsibilities of the administration of foreign exchange, thought that the basic responsibilities should be defined in the implementation of foreign exchange policy, provide foreign exchange services, maintaining foreign exchange market stability in the region of three main responsibilities. Foreign exchange bureau performance ability promotion mainly need to solve the problem from the following six aspects: Enhance the performance ability of grassroots foreign exchange bureau needs to solve the problem mainly from the following six aspects: First, continue to strengthen the foreign exchange bureau system of internal control system, strengthen self-discipline, awareness of risk, making the foreign exchange bureau basis to enhance their ability to perform their duties. Second, recognize grassroots foreign exchange bureau charged with conducting foreign exchange policy and responsibility for implementation, should actively work through, constantly promote the healthy development within the jurisdiction of the foreign exchange market. The third is a really good job of foreign exchange financial stability function, prevent and mitigate systemic foreign exchange risks, the use of specialized tools and methods to carry out the work area of systemic risk. Fourth, by improving service ways and means to further improve the foreign exchange bureau grassroots level of service, quality, level, to ensure that foreign currency-based financial services area to provide quality basic conditions. Fifth, the existing regulatory framework for foreign exchange management review and assessment, scientific and rational planning and design of the regulatory framework under the new situation, to promote the region’s increasingly open foreign exchange economy. Six is to optimize environmental performance of their duties, and improve the mechanism to improve the quality of personnel, strengthening internal management, the full performance of their duties reinforce scientific basis for the foreign exchange bureau.