潘功胜：不断完善人民币汇率形成机制

Core Viewpoint - The article emphasizes the need to continuously improve the RMB exchange rate formation mechanism, highlighting the importance of market forces in determining exchange rates and maintaining flexibility [1] Group 1: Monetary Policy - The People's Bank of China aims to create favorable conditions for the independent and effective implementation of monetary policy by enhancing the role of exchange rates as automatic stabilizers for the macroeconomy and international balance of payments [1] - The article advocates for a scientific and robust monetary policy system that aligns with the spirit of the 20th National Congress of the Communist Party of China [1] Group 2: Exchange Rate Management - The article stresses the importance of maintaining exchange rate flexibility and preventing excessive fluctuations to safeguard economic stability [1] - It calls for a bottom-line thinking approach and stronger expectation management to mitigate risks associated with exchange rate adjustments [1]