The Ministry of Commerce issued a notice on several policy measures to promote stable growth in foreign trade. The notice pointed out the need to optimize cross-border trade settlement. It guides banks to optimize their overseas layouts and enhance their service capability in supporting enterprises to explore international markets. It strengthens coordination of macro policies and maintains basic stability of the renminbi exchange rates at a reasonable and balanced level. Financial institutions are encouraged to provide more exchange rate risk management products for foreign trade enterprises, helping them improve their exchange rate risk management capabilities.
商务部：保持人民币汇率在合理均衡水平上的基本稳定
Ministry of Commerce: Maintain basic stability of the renminbi exchange rates at a reasonable and balanced level.
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