Core Insights - The press conference highlighted the achievements of China's financial industry during the "14th Five-Year Plan" period, emphasizing the resilience and vitality of the foreign exchange market despite a complex external environment [1][3]. Group 1: Foreign Economic Development - The foreign-related economy has shown steady development, with cross-border receipts and payments reflecting strong vitality. In 2024, China's cross-border receipts and payments are projected to reach $14 trillion, a 64% increase from 2020, with an average annual growth rate during the "14th Five-Year Plan" period 8 percentage points higher than the "13th Five-Year Plan" [3]. - In the first eight months of this year, cross-border receipts and payments increased by 10%, indicating sustained activity in cross-border trade and investment [3]. Group 2: Foreign Exchange Market Functionality - The foreign exchange market has become more complete, with a trading volume expected to reach $41 trillion in 2024, a 37% increase from 2020. Both spot and derivative trading have seen simultaneous growth, providing a robust capacity for various transactions [3]. - As of June this year, 703 banks and 115 non-bank institutions are participating in the interbank foreign exchange market, including 296 foreign institutions, covering major currencies to better meet the trading needs of diverse participants [3]. - Improvements in trading, clearing, and payment mechanisms have effectively reduced transaction costs and settlement risks, better serving the real economy [3]. Group 3: Market Stability and Resilience - The foreign exchange market has exhibited rational and orderly trading, with the RMB exchange rate showing increased flexibility and serving as an automatic stabilizer for the macro economy and international balance of payments. The ratio of corporate foreign exchange hedging has risen from 17% in 2020 to around 30% [4]. - The share of RMB in cross-border trade has increased from 16% to nearly 30%, further enhancing the resilience of the foreign exchange market [4]. - A macro-prudential management system for the foreign exchange market is gradually being established, with a richer toolbox for counter-cyclical regulation, contributing to overall balance in cross-border capital flows [4]. Group 4: Future Outlook - Looking ahead, China's economic fundamentals are expected to remain strong, with high-level opening-up progressing steadily, which will stabilize the autonomous balance of international payments [5]. - The market-oriented formation mechanism of the RMB exchange rate is continuously improving, and the effectiveness of macro-prudential management in the foreign exchange market is increasing, providing stronger confidence to address external risks and challenges [5].

外汇衍生品市场的成熟程度对人民币国际化进程具有重要影响。6月18日，在2025年陆家嘴论坛上，中 国人民银行行长潘功胜公布八项重要金融政策，其中明确提出将会同证监会研究推进人民币外汇期货交 易，推动完善外汇市场产品序列，便利金融机构和外贸企业更好管理汇率风险。 9月22日，国新办举行"高质量完成'十四五'规划"系列主题新闻发布会，中国人民银行行长潘功胜，金 融监管总局局长李云泽，中国证监会主席吴清，中国人民银行副行长、国家外汇局局长朱鹤新介绍"十 四五"时期金融业发展成就，并答记者问。 记者从发布会现场获悉，近年来，外汇市场交易理性有序，稳健性增强。人民币汇率双向浮动、弹性增 强，发挥了宏观经济和国际收支自动稳定器的功能。企业外汇套期保值的比率已经由2020年的17%上升 到30%左右，人民币在跨境贸易中的占比由16%上升到近30%，外汇市场韧性进一步增强。同时，外汇 市场宏观审慎管理体系逐步健全，逆周期调节工具箱更加丰富。近年来面对高波动的国际市场环境，我 国跨境资金流动总体均衡，人民币汇率在主要货币中的表现比较稳健。 发布会结束后，记者向央行行长潘功胜追问了人民币外汇期货的最新进展。听到问题后，潘功胜对记 ...

朱鹤新表示，展望未来，我国经济基本面长期向好，高水平对外开放稳步推进，这奠定了国际收支自主 平衡格局的稳定。同时，人民币汇率市场化形成机制不断完善，外汇市场宏观审慎管理更加有效，所以 我们应对外部风险挑战的底气更足，将为"十五五"我国外汇市场健康发展提供更加坚实的保障。 期货日报记者网讯（记者 杨美）9月22日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题 新闻发布会，介绍"十四五"时期金融业发展成就。国家外汇局局长朱鹤新在会上提到，"十四五"以来， 我国外汇市场交易理性有序，稳健性增强。人民币汇率双向浮动、弹性增强，发挥了宏观经济和国际收 支自动稳定器的功能。企业外汇套期保值的比率已经由2020年的17%上升到30%左右，人民币在跨境贸 易中的占比由16%上升到近30%，外汇市场韧性进一步增强。同时，外汇市场宏观审慎管理体系逐步健 全，逆周期调节工具箱更加丰富。近年来面对高波动的国际市场环境，我国跨境资金流动总体均衡，人 民币汇率在主要货币中的表现比较稳健。 ...