Li Bin, Deputy Director and Spokesperson of the State Administration of Foreign Exchange, stated that China's Forex market is expected to maintain steady running in the future. First, the Central Economic Work Conference has made a comprehensive deployment for next year's economic work, implementing a more proactive fiscal policy and moderately loose monetary policies, with positive factors and favorable conditions in economic operation continuously accumulating, which helps to consolidate the foundation for the stable operation of the Forex market. Second, at the end of the year and the beginning of the year, foreign trade enterprises' exports and settlement of foreign exchange will seasonally increase, which helps support the balanced flow of KUAJINGZIJIN. Third, in recent years, the toolbox of counter-cyclical adjustment policies in China's Forex market has been continuously enriched, enabling enterprises and other entities to better use Forex derivatives to manage exchange rate risk and more utilize cross-border RMB settlement to reduce currency mismatch risk, which helps adapt better to changes in external environments.
外汇局:未来我国外汇市场有望保持稳健运行
The Forex Bureau: In the future, China's Forex market is expected to maintain steady running.
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