中国人民银行：将有序扩大货币互换合作覆盖面，促进贸易投资便利化

Core Viewpoint - The People's Bank of China (PBOC) has established a significant network of currency swap agreements with various central banks globally, enhancing financial stability and supporting trade and investment [1][2]. Group 1: Currency Swap Agreements - The PBOC has signed 32 effective currency swap agreements with central banks or monetary authorities from regions including the European Central Bank, New Zealand, South Korea, Indonesia, Brazil, and Saudi Arabia, covering major economies across six continents [1]. - The total scale of these agreements amounts to approximately 4.5 trillion RMB [1]. Group 2: Functions of Currency Swaps - Currency swaps provide liquidity to financial markets, which is crucial for maintaining stability, especially highlighted during the 2008 financial crisis when many countries sought liquidity support from China [2]. - These swaps support the real economy by allowing central banks to provide funds through commercial banks to enterprises, facilitating bilateral trade and investment [2]. - Currency swaps are integral to financial cooperation between countries, encouraging financial institutions to offer bilateral currency settlement services, thus reducing exchange costs and mitigating exchange rate risks for businesses [2]. Group 3: Future Plans - The PBOC plans to gradually expand the coverage of currency swap cooperation, focusing on countries and regions with close economic ties to China, effectively utilizing swap funds to enhance liquidity supply and promote trade and investment facilitation [2].