2月27日早间，央行公告，为促进外汇市场发展，支持企业管理好汇率风险，决定自2026年3月2日起， 将远期售汇业务的外汇风险准备金率从20%下调至0。 央行称，下一步，将继续引导金融机构优化对企业汇率避险服务，保持人民币汇率在合理均衡水平上的 基本稳定。 时隔近三年半，央行再次启动这项工具。权威专家表示，本次下调，实质上是合理退出前期措施，促进 外汇政策回归中性。 "这意味着有60%的企业在外贸出口上，受到汇率风险的影响较小。未来，这两个比例有望进一步提 高，也有利于保持汇率稳定。"权威专家表示。 权威专家表示，未来一段时期，外部形势复杂多变，人民币汇率走势仍存在较大不确定性，外贸企业应 做好汇率套保。当前国际环境复杂多变，地缘政治冲突增多，都可能加剧全球外汇市场波动，并对人民 币汇率走势形成扰动。 "未来，随着市场在汇率形成中发挥更大作用，人民币汇率可能有升有贬、双向浮动。"权威专家强调， 企业和金融机构不宜盲目跟风、赌汇率走势，要坚持汇率风险中性理念，做好汇率风险管理。 2026年以来，在美元偏弱、结汇需求增加等因素驱动下，人民币对美元持续升值。 权威专家认为，本次下调可以降低企业远期购汇成本，提高企业在 ...

证券日报网讯 2月25日，中石科技（300684）在互动平台回答投资者提问时表示，公司与北美大客户同 步开展新品配套散热方案的研发与认证工作，相关筹备工作有序推进。公司已建立完善的汇率风险管理 机制，通过多种方式综合应对汇率波动风险，具体包括：开展远期结售汇等外汇套期保值业务，提前锁 定结算汇率；依托泰国海外生产基地实现本地采购、生产与结算，通过自然对冲方式降低汇率波动影 响；同时密切跟踪汇率市场走势，针对汇率波动趋势并制定应对预案，最大程度降低汇率波动对公司经 营业绩的影响。公司VC模组产品在高速光模块中的市场化应用加速落地，目前已获得国内外头部光通 信企业的产品认证并量产。公司热模组核心零部件、TIM材料等产品已实现对服务器厂商的批量供货， 同时正积极推进液冷散热模组的客户导入、产品认证及量产供货工作。公司2026年新项目大规模交付具 备较强的可持续性。一方面，公司当前在手订单储备充足，产能利用率保持高位，可稳定保障订单交 付；另一方面，公司正加快产能布局建设，国内宜兴生产基地将根据下游客户需求逐步加大产能投入， 泰国生产基地一期已实现量产，二期工程建设也已启动，产能供给能力将持续提升，可充分匹配下游市 ...

Core Viewpoint - The company adheres to a "currency risk neutral" principle and has implemented effective foreign exchange derivative hedging strategies to manage currency exposure risks, with a focus on reducing the impact of exchange rate fluctuations on profits, which will be detailed in the annual report to be disclosed on April 17, 2026 [2] Group 1 - The company has been conducting foreign exchange derivative hedging business since 2025 [2] - The company has engaged in timely high-rate currency settlement operations to mitigate the effects of exchange rate volatility [2] - The impact of currency fluctuations on the company's profits will be addressed in the upcoming annual report [2]

2025年，跨境人民币业务成为陕西对外经贸合作的重要纽带。2025年全省跨境人民币收付规模 1451.49亿元，同比增长26.26％。其中，与中亚五国人民币跨境收付金额25.15亿元，创历史新高，与94 个共建"一带一路"国家收付金额712.65亿元，同比增长41.76％。相关单位累计为乌兹别克斯坦等国金融 机构开立人民币同业往来账户11个，办理人民币代理清算2286笔、金额184.09亿元，陕西面向中亚、服 务全国的人民币资金结算功能中心作用初步显现。 2025年，为护航企业涉外经营，人行陕西省分行多管齐下完善汇率风险管理体系。该行构建覆盖全 省7000余家中小微外贸企业的汇率风险管理新模式，联合省国资委启动国企汇率避险三年行动，2025年 全省国企汇率避险签约金额同比增长两成；指导辖内金融机构优化汇率避险服务，近1200个网点简化办 理流程，推出"避险宝"线上服务及手续费减免政策，全年累计减免企业汇率避险保证金1.46亿元，开展 各类汇率避险宣传培训超500场，企业避险"首办户"增长近七成。 "我们将继续深化'通道＋产业链＋金融'模式创新，支持跨境电商等贸易新业态创新发展，持续推 动贸易收支便利化政策优化 ...

Core Viewpoint - Henglin Co., Ltd. (603661) is actively managing foreign exchange risks through various financial tools and strategies while focusing on enhancing its core competitiveness to create sustainable value for shareholders [1] Group 1: Business Operations - The company serves global consumers and operates in multiple currencies including USD, VND, and CHF [1] - Henglin Co., Ltd. closely monitors global macroeconomic conditions and fluctuations in exchange rates [1] Group 2: Risk Management - The company employs risk warning systems and forward-looking forecasts to address exchange rate volatility [1] - A combination of natural hedging and financial instruments, including foreign exchange derivatives, is utilized to mitigate currency risk [1] Group 3: Long-term Strategy - The company aims to enhance its market pricing power through improvements in core competitiveness [1] - Henglin Co., Ltd. is committed to maintaining steady operations to ensure sustainable value creation for its shareholders [1]

Core Insights - China's foreign exchange market achieved a remarkable milestone in 2025, with a total transaction volume surpassing 300 trillion yuan, reaching 304.57 trillion yuan (approximately 42.64 trillion USD), showcasing strong market vitality and depth [1] Group 1: Market Performance - In December 2025, the total transaction volume in the foreign exchange market was 28.17 trillion yuan (approximately 3.99 trillion USD), marking a strong conclusion to the year [3] - The derivatives market performed exceptionally well in December, with a cumulative transaction volume of 17.73 trillion yuan, accounting for over 60% of the total monthly transaction volume [3] - The spot market recorded a transaction volume of 10.44 trillion yuan, indicating a significant shift towards risk management tools among enterprises and financial institutions [3] Group 2: Market Structure and Participants - The interbank market remained the dominant trading force, with a transaction volume of 23.39 trillion yuan in December, representing 83% of the total market volume [3] - The bank-to-customer market had a transaction volume of 4.78 trillion yuan, reflecting the real foreign exchange supply and demand from the实体经济 [3] Group 3: Driving Forces Behind Growth - The resilience of China's foreign trade supported the increase in foreign exchange transaction volume under real demand [5] - The attractiveness of RMB assets remained strong, with active cross-border capital flows contributing to foreign exchange buying and selling demand [5] - Regulatory authorities continued to promote the dual opening of financial markets, facilitating greater participation from foreign investors in the domestic foreign exchange market [5]

证券日报网讯 1月27日，金龙鱼在互动平台回答投资者提问时表示，公司未公开披露相关进口数据。为 了有效减小汇率波动对公司经营业绩带来的影响，公司会使用远期外汇合约等金融衍生工具来对冲风 险。 （文章来源：证券日报） ...

温江勇表示，"十五五"时期，国家外汇管理局重庆市分局将锚定建立健全"更加便利、更加开放、更加 安全、更加智慧"的外汇管理体制机制，推进外汇领域深层次改革和高水平开放。(完) 国家外汇管理局重庆市分局副局长温江勇介绍，重庆做好西部陆海新通道等重大开放战略金融外汇服 务，凝聚沿线各方合力，共同提升通道金融服务能力。同时，加强"智慧外管"建设，通过数智赋能优化 外汇业务办理流程，提升外汇管理的有效性、外汇服务的体验感和友好度。 温江勇称，重庆坚持"放得活"又"管得好"，保持外汇市场稳健运行。一方面，进一步完善汇率风险管 理，推动构建政银担(政府、银行、担保机构)联动避险成本分摊模式，建立健全服务企业汇率风险管理 长效机制，降低中小微企业汇率避险成本。另一方面，则提升开放条件下外汇监管能力和水平，强化跨 境资金流动的监测预警，加强异常渠道和线索分析。 此外，重庆还在不断优化重点领域外汇服务，支持区域开放发展。 中新网重庆1月22日电 (张旭)中国人民银行重庆市分行副行长侯崴22日在重庆市政府新闻办举行的新闻 发布会上介绍，2025年，重庆在国家外汇管理局跨境金融服务平台上线场景10个，服务全市1800余家企 业便利化 ...

市场交易量达到42.6万亿美元，企业外汇套期保值比率升至30%，均为历史新高；2025年12月末，我国 外汇储备规模已连续5个月处于3.3万亿美元之上，创2015年12月以来最高……2025年，我国外汇管理亮 点频出，市场供求基本平衡，预期总体平稳，保持较强韧性和活力。 随着国际金融市场波动加大，越来越多企业将汇率波动纳入日常财务决策，通过外汇衍生品、本币结算 等多种方式管理汇率风险，企业汇率风险管理意识和能力不断提高。2025年，企业利用外汇衍生品管理 汇率风险的规模超1.9万亿美元，较2020年翻了近1倍；企业外汇套保比率较2020年提高8个百分点。 近年来，国家外汇管理局持续完善企业汇率风险管理服务。国家外汇管理局副局长李斌介绍，一是多种 方式开展汇率风险中性理念宣传，编发《企业汇率风险管理指引》《汇率风险情景与外汇衍生产品运用 案例集》，积极宣传汇率风险管理的好经验好做法；二是推动金融机构建立健全汇率风险管理服务长效 机制，目前已有超120家各类银行开办外汇衍生品业务，线上交易机制不断完善，基层展业能力持续加 强；三是提高外汇市场基础设施服务能力，降低中小微企业外汇衍生品相关交易和清算成本，拓展外汇 ...

Group 1: Foreign Exchange Market Overview - In 2025, China's foreign exchange market trading volume reached $42.6 trillion, marking a historical high, with the corporate foreign exchange hedging ratio rising to 30% [1] - The demand for managing exchange rate risks among enterprises has increased, with the scale of using foreign exchange derivatives for risk management exceeding $1.9 trillion, nearly doubling since 2020 [1] - The foreign exchange reserve level has remained above $3.3 trillion for five consecutive months, the highest since December 2015, indicating a stable market supply and demand [1] Group 2: Regulatory and Policy Developments - The State Administration of Foreign Exchange (SAFE) has been enhancing services for corporate exchange rate risk management, including promoting the concept of exchange rate risk neutrality and improving financial institutions' service mechanisms [2] - SAFE has introduced measures to promote high-level institutional opening of capital projects, including direct investment and cross-border financing, to facilitate financial market openness [3] - The integration of domestic and foreign currency fund pools for multinational companies has been expanded nationwide, benefiting over 1,100 multinational companies and 19,000 member enterprises [4][5] Group 3: Future Outlook and Market Stability - The foreign exchange market is expected to maintain stable operations in 2026, with cross-border capital flows remaining orderly and resilient [6] - The external environment is projected to support stable operations, with moderate global economic growth and potential interest rate cuts in major developed economies [6] - The People's Bank of China aims to enhance the resilience of the foreign exchange market and maintain the RMB exchange rate at a reasonable and balanced level [7]