Group 1 - The People's Bank of China announced a reduction of 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] - This adjustment is seen as a reasonable exit from previous measures, aiming to return foreign exchange policy to a neutral stance [1][2] - Experts believe that this reduction will lower the forward purchasing costs for enterprises and enhance their willingness to engage in foreign exchange hedging, thereby supporting better management of exchange rate risks [2] Group 2 - In 2025, the hedging ratio for enterprises reached 30%, with nearly 30% of goods trade settled in RMB, indicating that 60% of enterprises are less affected by exchange rate risks in foreign trade exports [3] - The future outlook suggests that these ratios may further increase, contributing to exchange rate stability [3] - Experts caution that the external environment remains complex and uncertain, with geopolitical conflicts potentially increasing volatility in the global foreign exchange market, which could impact the RMB exchange rate [3]
促进外汇政策回归中性 远期售汇业务外汇风险准备金率下调为0
Shang Hai Zheng Quan Bao·2026-02-27 19:03