外汇市场宏观审慎+微观监管

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中国人民银行副行长、国家外汇局局长朱鹤新:近期将新发放一批QDII投资额度
Zheng Quan Ri Bao· 2025-06-18 16:07
Core Viewpoint - The Chinese foreign exchange market is expected to maintain stability, supported by economic recovery, balanced international payments, and enhanced market resilience [1][2]. Group 1: Economic Outlook - The RMB has appreciated by 1.6% against the USD this year, with overall stability against a basket of currencies [1]. - Economic operations are projected to continue on a recovery path, contributing to a stable foreign exchange market [1]. Group 2: Policy Initiatives - The central bank aims to deepen reforms in the foreign exchange sector, focusing on creating a more convenient, open, safe, and intelligent management system [1][2]. - Efforts will be made to enhance the foreign exchange policy framework, improving services for the real economy and increasing convenience for compliant entities [1][2]. Group 3: Open Market Strategies - The plan includes promoting high-level institutional openness in the foreign exchange sector, facilitating the internationalization of the RMB, and improving the investment environment for foreign entities [2]. - Reforms will streamline foreign direct investment processes and support enterprises in international cooperation within supply chains [2]. Group 4: Risk Management - A dual management approach combining macro-prudential and micro-regulatory measures will be implemented to maintain market stability and safeguard economic security [2]. - Monitoring and early warning systems for cross-border capital flows will be strengthened to prevent external shocks [2]. Group 5: Technological Integration - The use of AI and big data will be leveraged to enhance the digital and intelligent management of foreign exchange [2]. Group 6: Cross-Border Financing - Initiatives will be introduced to facilitate cross-border investment and financing, including pilot programs for green foreign debt and streamlined management for domestic companies raising funds abroad [3]. - A series of innovative foreign exchange policies will be implemented in free trade zones to support strategic enhancements [3].