国家外汇局李斌：我国外汇市场韧性不断提升 应对外部冲击能力增强

Core Viewpoint - The resilience of China's foreign exchange market is continuously improving, enhancing its ability to respond to external shocks [1] Macro Level Summary - The market-oriented formation mechanism of the RMB exchange rate is being continuously improved, leading to increased exchange rate flexibility that can timely release external pressures and promote supply-demand balance [1] Micro Level Summary - Awareness of exchange rate risk neutrality among enterprises is steadily increasing, with RMB cross-border transactions growing steadily. In the first half of the year, the proportion of enterprises' foreign exchange hedging and the proportion of RMB cross-border receipts and payments under goods trade both reached around 30%, marking historical highs. This reduction in foreign exchange risk exposure helps maintain rational trading in the market [1] Policy Level Summary - The foreign exchange market has accumulated rich experience in counter-cyclical regulation and has a wealth of policy tools in reserve. The effectiveness of foreign exchange regulation is steadily improving, and the ability to prevent and mitigate external shock risks is continuously enhanced. There is confidence and capability to maintain the stable operation of the foreign exchange market [1]