经济开局良好！央行详解金融政策：稳汇率、强实体、防风险

Core Viewpoint - The Chinese economy is showing a positive trend despite global economic challenges, with a focus on maintaining stable employment and promoting high-quality development through effective financial policies [2][3][4]. Economic Environment - Recent U.S. tariff increases on multiple economies have disrupted global economic stability and financial markets, leading to heightened risk sentiment towards U.S. dollar assets and significant fluctuations in the dollar index and U.S. stock markets [3]. - In contrast, China's economy is experiencing a good start with a continued recovery trend, supported by a resilient financial system and stable financial markets [4]. Currency and Foreign Exchange - The RMB/USD exchange rate remains stable around 7.3, with China's foreign exchange reserves adhering to principles of safety, liquidity, and value preservation [4]. - The impact of single market or asset fluctuations on China's foreign exchange reserves is limited due to a diversified investment approach in international financial markets [4]. Future Policy Directions - The People's Bank of China plans to maintain a moderately accommodative monetary policy to further support the real economy [4]. - The central bank will enhance market management, correct pro-cyclical behaviors, and prevent excessive fluctuations in the exchange rate to ensure the RMB remains stable at a reasonable and balanced level [4].