In 2021，foreign exchange management created a good financial and foreign exchange environment for high-quality development. With the facilitation pilot expansion and quality improvement of foreign exchange revenue and expenditure under current account，new forms and models of international trade continued to develop. Overall development and security，we have effectively prevented the risk of abnormal fluctuation of cross-border capital flows. With the process optimization of capital account，we have improved the facilitation level of cross-border investment and financing，promoted cross-border investment of private equity funds，and RMB internationalization. Under the impact of the global epidemic，we fought the epidemic，ensured the use of foreign exchange，helped enterprises reduce procedures and costs，and achieved remarkable results in maintaining the order of the foreign exchange market. Under the new development pattern，China’s Balance of payments operated smoothly. The basic balance of BOP related to the RMB exchange rate，and Foreign exchange reserves was still an important guarantee for the monetary stability of the central bank. The international use of RMB was steadily improved by the financial account system optimization. With the continuous improvement of “macro-prudence + micro-supervision” management framework，preventing cross-border capital flow risks and RMB internationalization coordinated and promoted high-quality development.