Core Insights - The press conference highlighted the achievements of the financial sector during the "14th Five-Year Plan" period, emphasizing the stability and resilience of the foreign exchange market [1][2] - The People's Bank of China (PBOC) is actively promoting the development of RMB foreign exchange futures to enhance the management of exchange rate risks for financial institutions and foreign trade enterprises [2] Group 1: Financial Market Developments - The foreign exchange market has seen rational and orderly trading, with enhanced stability [1] - The proportion of enterprises engaging in foreign exchange hedging has increased from 17% in 2020 to approximately 30% [1] - The share of RMB in cross-border trade has risen from 16% to nearly 30% [1] Group 2: Policy Initiatives - The PBOC is working with the China Securities Regulatory Commission to advance RMB foreign exchange futures trading [2] - The macro-prudential management system for the foreign exchange market is gradually improving, with a richer toolbox for counter-cyclical adjustments [1]
人民币外汇期货进展如何?央行行长潘功胜向21记者挥了挥手
2 1 Shi Ji Jing Ji Bao Dao·2025-09-22 11:29