潘功胜：坚持市场在汇率形成中的决定性作用，坚决防范汇率超调风险

Core Viewpoint - The article emphasizes the need to improve the RMB exchange rate formation mechanism and highlights the importance of maintaining exchange rate flexibility to support effective monetary policy implementation [1] Group 1: Monetary Policy Framework - The People's Bank of China aims to construct a scientific and robust monetary policy system alongside a comprehensive macro-prudential management framework [1] - The article advocates for the decisive role of the market in the exchange rate formation process, particularly for a large open economy like China [1] Group 2: Exchange Rate Management - It is essential to maintain exchange rate flexibility to utilize it as an automatic stabilizer for macroeconomic adjustments and international balance of payments [1] - The article stresses the importance of bottom-line thinking and enhancing expectation management to prevent excessive exchange rate fluctuations [1]