央行：将远期售汇业务的外汇风险准备金率下调至0

Core Viewpoint - The People's Bank of China (PBOC) announced a reduction in the foreign exchange risk reserve ratio for forward foreign exchange sales from 20% to 0%, effective March 2, 2026, to promote the development of the foreign exchange market and support enterprises in managing exchange rate risks [1]. Group 1 - The PBOC aims to guide financial institutions to optimize exchange rate hedging services for enterprises, maintaining the basic stability of the RMB exchange rate at a reasonable equilibrium level [1]. - Experts believe that the reduction in the forward foreign exchange risk reserve ratio will help financial institutions provide cost-effective exchange rate risk management products, reflecting the implementation of a comprehensive policy package [1]. - By 2025, the hedging ratio for enterprises is expected to increase to 30%, and the proportion of trade settled in RMB is projected to rise to nearly 30%, indicating that about 60% of enterprises will be less affected by exchange rate risks in foreign trade exports [1].