临近岁末，人民币走出一波强势升值行情。 12月23日，离岸人民币对美元率先升破7.02关口，为2024年10月以来首次，距离收复7.0整数关口仅"一 步之遥"。与此同时，在岸人民币对美元日内升破7.03关口，上涨近百点。 分析人士认为，美元指数走势趋弱与岁末结汇需求不断释放，构成了本轮人民币上涨的主要动力。后续 看，丰厚的结汇盘仍将支撑人民币偏强运行，但出现单边快速升值的概率较低。 内外因素驱动人民币汇率维持强势 本轮人民币的强势行情可追溯至10月中旬。截至12月23日，在岸、离岸人民币对美元期间累计升值幅度 分别约1000点与1200点，涨幅分别达1.58%、1.68%。 业内人士认为，近期人民币升值主要受内外两方面因素驱动。 从外部看，12月以来，随着美联储如期降息25个基点，美元指数再度走弱，一度失守98关口。"市场预 期，美联储继续开展降息将进一步压制美元长期走势，为人民币提供长期外部升值空间。"国家金融与 发展实验室特聘高级研究员庞溟对记者表示。 内部动因则在于年末的季节性"结汇潮"。东方金诚首席宏观分析师王青对记者表示，临近年底，企业结 汇需求增加，带动人民币季节性走强。在人民币持续走强后，前期累 ...

浦发银行广州分行立足粤港澳大湾区核心引擎定位，打造6+X跨境金融服务体系，充分发挥跨境金融、 自贸区服务及科技赋能的综合优势，制定金融支持稳外贸专项行动方案，精准支持外贸企业拓市场、降 成本、防风险，助力广州建设全球贸易枢纽城市。 2、"购购赢"降低即期购汇成本。针对企业到期付汇的款项，通过"购购赢"组合产品降低企业成本。在 USDCNY市场汇率在7.31的基础上，通过产品组合为客户提供7.25的实际购汇价格，降低购汇成本 600pips，并为客户提供未来3个月内可以按照7.29购汇的权利。实现企业在即期、远期市场的双重保 障。 3、"增利型购汇"平滑企业避险价格。针对企业远期购汇价格，通过"增利型购汇"组合产品平滑险价 格。在USDCNY市场汇率在7.31的基础上，3个月远期购汇价格需7.29，但通过"增利型购汇"产品组合， 我行为客户把远购价格降低至7.25，购汇成本优化400pips。若到期USDCNY市场汇率跌破7.34，企业还 可获得900pips补贴。提供低价灵活的避险价格，通过风险中性理念为企业灵活规避汇率风险。 另外浦发银行还不断优化中小微企业衍生交易授信审批流程，创新推出"浦银汇易兑"专项授 ...

本年度，国家及深圳地区持续推动外汇政策升级，核心在于提升跨境贸易和投融资便利化水平。贸易便 利化方面，"拓宽深圳贸易高水平开放试点轧差净额结算业务种类"等系列政策出台；同时，依托跨境金 融服务平台，上线新型离岸贸易背景核验场景，大幅提升单据审核效率。跨境投融资便利化方面，"取 消外商投资企业再投资登记"等涵盖投资、融资等的一揽子便利化政策落地，深圳地区同步推出并落地 高版本本外币一体化资金池"3.0版"，进一步优化跨国公司资金归集使用效率。 与这种开放创新精神一脉相承，兴业银行深圳分行自1998年成立以来，作为总行在粤港澳大湾区的重要 分支机构，已成长为深圳股份制商业银行第一梯队、总行系统内领先的金融机构。立足"先行示范 区""粤港澳大湾区"双区建设前沿，深圳分行紧跟国家战略与区域发展步伐，深耕区域资源禀赋，坚持 创新驱动发展。深入贯彻落实中央金融工作会议精神，分行全力推进科技金融、绿色金融、普惠金融、 数字金融、养老金融五篇大文章，持续提升服务实体经济和社会民生质效。 近年来，兴业银行深圳分行将跨境金融作为战略重点，紧扣"跨境贸易和投融资便利化""深圳综合改革 试点方案"、"2025年深圳稳外贸支持政策要点 ...

活动中，中国银行深圳市分行副行长高文明、交易中心南方中心（中汇金科）副总经理张斌分别致辞。 高文明表示，中国银行不断丰富和提升各项跨境金融服务，为企业提供有价值的政策解读、市场资讯及 汇率风险管理解决方案，为企业全球化发展保驾护航。张斌表示，交易中心积极服务实体经济，发挥政 策传导和贴近市场主体的优势，推出以银企平台为核心的"CFETS助企汇"一揽子服务，并与中国银行等 合作伙伴共同努力，切实提升企业汇率风险管理能力，夯实了金融服务实体经济的市场基础。 中国银行高级交易员梁玥以专业视角剖析了当前全球汇率市场新态势，解读主要发达经济体宏观经济政 策与运行状况对汇率产生的多维度影响，为企业开展汇率风险管理提供有力依据与参考。中国银行香港 分行高级交易员刘仁宾介绍了常见汇率风险管理工具，帮助企业在不同场景下有效规避因汇率波动而引 发的非必要损失。交易中心南方中心外汇业务主管张蕾聚焦"汇率风险中性"理念，系统介绍银企平台的 功能优势与应用场景。 本报讯 记者张弛报道 近日，中国外汇交易中心（以下简称"交易中心"）和中国银行总行及深圳市分行 联合举办"助企共赢"企业汇率风险管理专场活动，百余家深圳本土制造行业企业代表参 ...

Core Viewpoint - The article emphasizes the importance of stabilizing foreign trade in the context of a complex and uncertain global economy, highlighting the proactive role of the Bank of Communications Henan Branch in supporting foreign trade enterprises [1][2]. Group 1: Financial Support for Foreign Trade Enterprises - The Bank of Communications Henan Branch has taken responsibility for providing financial services to the real economy, focusing on foreign trade enterprises, particularly in the used car import and export sector [1]. - As of September 2025, the bank has opened foreign currency accounts for 23 key foreign trade enterprises, with a related loan balance of 36.78 million yuan, reflecting a year-on-year increase of over 600% and a 10 basis point reduction in financing costs [1]. - The bank has improved customer experience by enhancing cross-border settlement and comprehensive financial services, utilizing the "cross-border RMB settlement facilitation" pilot to help enterprises increase capital turnover efficiency [1]. Group 2: Innovation and Collaboration - The Bank of Communications Henan Branch has strengthened cooperation with government departments, establishing an information exchange mechanism to integrate key data such as customs clearance and tax refunds [2]. - The bank has innovated financial products tailored to foreign trade enterprises, relying on a customized credit assessment system to enable "instant approval" for loans [2]. - Future plans include deepening scenario-based innovative services and enhancing financial service capabilities to better support enterprises [2].

Core Viewpoint - The article emphasizes the importance of stabilizing foreign trade in the context of a complex and uncertain global economy, highlighting the proactive role of the Bank of Communications Henan Branch in supporting foreign trade enterprises [1][2]. Group 1: Financial Support for Foreign Trade Enterprises - The Bank of Communications Henan Branch has taken responsibility for providing financial services to the real economy, focusing on foreign trade enterprises, particularly in the used car import and export sector [1]. - As of September 2025, the bank has opened foreign currency accounts for 23 key foreign trade enterprises, with a related loan balance of 36.78 million yuan, representing a year-on-year increase of over 600% [1]. - The financing cost for these enterprises has decreased by 10 basis points, and the bank has improved customer experience by enhancing cross-border settlement and comprehensive financial services [1]. Group 2: Innovative Financial Products and Services - The Bank of Communications Henan Branch has strengthened cooperation with government departments to establish an information exchange mechanism, integrating key data such as customs clearance and tax refunds [2]. - The bank has innovated financial products tailored to foreign trade enterprises, utilizing a customized credit assessment system to enable "instant approval" for loans [2]. - Future plans include deepening scenario-based innovative services to enhance financial service capabilities for enterprises [2].

Core Viewpoint - The article discusses the shift in foreign trade enterprises' currency exchange strategies in response to the Federal Reserve's interest rate cuts and the depreciation pressure on the US dollar, leading to an increased willingness to convert foreign currency into domestic currency [2][4][7]. Group 1: Currency Exchange Strategies - Following the Federal Reserve's interest rate cut in mid-September, many foreign trade enterprises, such as those in the consumer electronics sector, are opting to convert a portion of their dollar payments to lock in favorable exchange rates [2][4]. - Enterprises that previously adopted a "non-essential do not convert" strategy are now increasing their currency conversion efforts, recognizing that the Fed's rate cuts will lower the returns on dollar-denominated investments [4][6]. - The average currency conversion rate for foreign trade enterprises has slightly increased to 53.7% in the first eight months of the year, compared to the previous year's average [6]. Group 2: Impact of Interest Rates and Exchange Rates - The interest rate differential between US dollar investments and domestic RMB investments had previously attracted foreign trade enterprises to hold onto their dollar funds, with US dollar money market funds yielding around 4.6% [6][7]. - The recent shift in sentiment is attributed to the decline in US Treasury yields and the expectation of a rising RMB against the dollar, prompting enterprises to convert more of their dollar earnings [7][8]. - The RMB/USD exchange rate has recently strengthened, breaking the 7.1 mark, which has further encouraged enterprises to increase their currency conversion amounts [9][10]. Group 3: Risk Management and Financial Tools - Companies are adjusting their risk management strategies for currency fluctuations, with some opting to hedge against exchange rate risks by betting on RMB appreciation for future imports [4][12]. - Financial institutions are offering customized forward exchange solutions to help enterprises lock in favorable exchange rates and manage their cash flow needs [11][13]. - The use of foreign exchange hedging tools has increased, with the corporate foreign exchange hedging ratio rising to approximately 30% in September, up from 17% in 2020 [13].

Core Viewpoint - Recently, Industrial Bank Co., Ltd. Kunming Branch successfully executed its first foreign exchange options business, aiding a company in Qujing to effectively hedge against exchange rate risks in cross-border operations [1] Group 1: Business Development - The company has established a professional team to address the foreign exchange risk hedging needs of 27 key import and export enterprises in Qujing [1] - A recommendation meeting on exchange rate risk neutrality was conducted in collaboration with the Qujing Branch to better serve local enterprises [1] Group 2: Product Offering - The foreign exchange options business allows companies to agree on nominal principal, execution exchange rate, and expiration date, providing the right to exchange USD for RMB at the agreed rate on a future date [1] - The bank can facilitate reverse hedging, full or partial settlement for the option contracts, effectively mitigating exchange rate risks [1] Group 3: Client Support and Education - The bank emphasizes the importance of educating enterprises on foreign exchange knowledge and regularly visits them to promote hedging products [1] - The initiative aims to help enterprises overcome core issues such as misunderstanding policies, unfamiliarity with tools, and concerns about costs, thereby enhancing their ability to utilize hedging tools effectively [1]

Core Insights - The article emphasizes the increasing demand for specialized, efficient, and convenient foreign exchange financial services due to the deepening of economic globalization and the continuous improvement of China's opening-up level [1] Group 1: Policy Implementation and Service Enhancement - The State Administration of Foreign Exchange in Shandong Province has issued a notice to facilitate capital project management, allowing non-financial enterprises to handle foreign debt registration directly with banks, significantly streamlining the process [2] - In July, the bank provided a one-stop service for a foreign enterprise by handling historical foreign debt cancellation and new foreign debt registration, saving time for the enterprise [2] Group 2: Online Service Optimization - The bank has developed a comprehensive online product system called "Cross-Border Instant Access," which includes various services for both export and import, enabling self-service operations and a paperless process [3] - The bank's online services have fully digitized foreign exchange and letter of credit operations, allowing enterprises to initiate transactions through online banking, enhancing flexibility and efficiency [3] Group 3: Direct Engagement with Enterprises - The bank actively engages with enterprises to understand their needs and challenges, providing tailored financial solutions, including cross-border direct lending to address low-cost financing demands [4] - The bank promotes risk management tools such as forward foreign exchange and options to help enterprises mitigate currency fluctuation risks [4] Group 4: Future Directions - The bank aims to continuously optimize cross-border investment and trade settlement services, integrating digital financial capabilities with national facilitation policies to offer more efficient and cost-effective solutions for enterprises [5]

Core Insights - The Guangdong Free Trade Zone (FTZ) has seen significant developments in financial support and innovation over the past decade, particularly in cross-border trade and investment facilitation [1][7] - The introduction of the "FT Account" has provided companies with advantages in foreign exchange risk management, allowing for more efficient capital turnover and reduced costs [3][7] - The establishment of the cross-border data verification platform has enhanced the efficiency of credit assessments and loan approvals for businesses operating in the Guangdong-Macao cooperation zone [4][5] Financial Innovations - The "FT Account" allows for integrated onshore and offshore currency transactions, providing a more favorable exchange rate for enterprises, which has been crucial for companies facing long-term contracts and exchange rate volatility [3][7] - The implementation of the "fund flow credit information sharing platform" aims to address the credit information gap for small and micro enterprises, facilitating easier access to financing [5][7] Industry Impact - The shipbuilding industry in Guangzhou is experiencing high demand, with orders extending to 2029, but companies are increasingly concerned about the impact of currency fluctuations on profitability [2] - High-tech enterprises in the environmental monitoring sector are leveraging innovative financing solutions, such as the "fund flow + science and technology quick loan," to meet substantial R&D funding needs [6]