On December 27th, according to the announcement of the State Administration of Foreign Exchange, the "Measures for the Administration of Banks' Foreign Exchange Risk Transaction Reports (Trial) " has been issued and will come into effect from now on. The "Measures" are the supporting documents of the "Measures for the Administration of Banks' Foreign Exchange Development (Trial) ", which aim to strengthen the management of banks' foreign exchange risks and carry out early identification, early warning and early disposal of high-risk transactions such as suspected false trade, underground banks, and illegal cross-border financial activities of virtual currencies. The main content includes: clarifying the bank's foreign exchange risk transaction reporting responsibilities, requiring the establishment of a monitoring system and reporting; stipulating the scope of information submission, including activities suspected of illegal cross-border capital flows; clarifying the content of the report, such as the basic situation and the measures to be taken; strengthening internal management measures, including internal control systems and data confidentiality management.