The State Administration of Foreign Exchange: Preliminary estimates indicate that the current account will continue to maintain a reasonable surplus in the fourth quarter of 2024.

State Administration of Foreign Exchange: Establish a “more convenient, more open and more secure” foreign exchange management system in 2025 to better support the stabilization of foreign trade and foreign investment. Introduce more foreign exchange facilitation policies to further enhance the level of facilitation of foreign exchange fund settlement. Promote foreign direct investment and foreign exchange management reforms, and create a favorable environment for foreign-funded enterprises to expand their businesses in China. Strengthen the opening up of the foreign exchange sector, optimize fund management for overseas listings of domestic enterprises, simplify foreign exchange registration for overseas listings; increase facilitation financing amounts for technology-based enterprises in due course to help science and innovation enterprises reduce financing costs. Efforts will be made to improve the supervisory capacity and level of risk prevention and control under open conditions, maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level, and maintain the basic balance of payments.

Central Bank's Zou Lan: Investing in government bonds is not without risk, and the central bank has suspended the purchase of government bonds to avoid market fluctuations. (Securities Times)