On April 10, Glonghui reported that the Director of the International Balance of Payments Department of the State Administration of Foreign Exchange in China, Jia Ning, published an article stating that looking to the future, China's economic fundamentals and the resilience of the Forex market are strong, which allows the Forex market to maintain a basic balance under certain conditions. Firstly, China will implement more proactive macroeconomic policies, and the economic recovery in the future will provide important support for the stability of the Renminbi Exchange Rates and the smooth running of the Forex market. Secondly, the current account is expected to maintain a reasonable surplus. China's manufacturing development level is globally leading, with the value added of manufacturing rising to 30% of the global total, playing an irreplaceable role in global production supply. The trade methods and trading partners are becoming more diverse, with new growth points in foreign trade such as cross-border e-commerce, market procurement, and new energy products rapidly developing, enhancing the resilience of foreign trade to better cope with external shocks and challenges. In the context of a complex global trade environment, in recent years, enterprises have improved their ability to respond to external shocks and have become more confident. Thirdly, cross-border capital flows under the capital account are expected to become more stable. China's innovation-driven development strategy is accelerating, and foreign investment in China's Technology industry and Shareholding in Chinese Assets are increasing. Fourthly, the overall resilience of China's Forex market has strengthened, enhancing its ability to withstand external shocks. The Renminbi Exchange Rates maintain appropriate elasticity, allowing for an orderly release of pressure and promoting market self-balancing. The widespread use of Exchange Rate hedging tools and Renminbi settlement has increased the proportion of Renminbi cross-border receipts and payments in goods trade to nearly 30%, while the corporate Forex hedging ratio has risen to 27%, both at historically high levels, which helps stabilize market expectations and trading.

- Headlines
- Officials from the State Administration of Foreign Exchange: Looking ahead, the fundamentals of our economy and the resilience of the Forex market are relatively strong.
国家外汇局官员:展望未来 我国经济基本面和外汇市场韧性较强
Officials from the State Administration of Foreign Exchange: Looking ahead, the fundamentals of our economy and the resilience of the Forex market are relatively strong.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Got It
Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Got It
Write a comment
0 0 0
LikeLoveLaughing CryRespectEmmSadAngry
Tap to Select a Mood
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
Use the share button in your browser
to share the page with your friends
Tap here to share
No comments yet. Write one.
Market Insights
Market Hot Picks Market Hot Picks
No. Symbol Price
Log In for the Full List
Unlock Now
Discussing
中美大降關稅!如何抓住市場交易機會?
中美關稅超預期降溫,市場迎來久違狂歡。5月12日下午,中方公佈中美日內瓦經貿會談聯合聲明,美方取消共計91%的加徵關稅,中方相應取消91%的反制關稅,美方暫停實施24%的「對等關稅」,中方相應暫停實施24%的反制關稅。聲明公佈後,港美股當日應聲暴漲,修復至關稅前水平。13日,特朗 Show More

Food流油
Apr 14 15:43
"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"
Investment Course

Essential Crypto strategies to learn for beginners.
Beginner's Guide: Understand how to invest in Crypto in 3 minutes.
Crypto (Cryptos) is, in simple terms, a virtual currency based on cryptographic principles to ensure transaction security. Unlike the currencies we use daily, C
How to Trade Crypto on Futubull
Step 1: Activate the Cryptos Account. Comprehensive Account > More > Account Management > Activate Trading Products > Select [Cryptos] to start the process. Not
A comprehensive review of crypto history
Have you heard the latest about Bitcoin? In 2024 H1, its value once surged by 68% . As the largest and most well-known cryptocurrency, Bitcoin has increased in
- No more -
Statement
This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.