下调至0！央行调整远期售汇业务外汇风险准备金率

Group 1 - The central bank announced a reduction of the foreign exchange risk reserve ratio for forward foreign exchange sales from 20% to 0% starting March 2, 2026, to promote the development of the foreign exchange market and support enterprises in managing exchange rate risks [1] - This adjustment is seen as a rational exit from previous measures, promoting a return to a neutral foreign exchange policy [1] - The reduction is expected to lower the forward purchase costs for enterprises and enhance their willingness to engage in foreign exchange hedging, thereby supporting better management of exchange rate risks through foreign exchange derivatives [1] Group 2 - In 2025, the hedging ratio for enterprises rose to 30%, and the proportion of trade settled in RMB also increased to nearly 30%, indicating that 60% of enterprises are less affected by exchange rate risks in foreign trade exports [1] - Experts suggest that the complex external environment and geopolitical conflicts may increase volatility in the global foreign exchange market, leading to uncertainties in the RMB exchange rate [2] - The central bank plans to continue guiding financial institutions to optimize exchange rate hedging services for enterprises, aiming to maintain the RMB exchange rate at a reasonable and balanced level [2]