Core Insights - The press conference highlighted the achievements of the financial sector during the "14th Five-Year Plan" period, emphasizing the stability and resilience of the foreign exchange market [1][2] - The People's Bank of China (PBOC) is actively promoting the development of RMB foreign exchange futures to enhance the management of exchange rate risks for financial institutions and foreign trade enterprises [2] Group 1: Financial Market Developments - The foreign exchange market has seen rational and orderly trading, with enhanced stability [1] - The proportion of enterprises engaging in foreign exchange hedging has increased from 17% in 2020 to approximately 30% [1] - The share of RMB in cross-border trade has risen from 16% to nearly 30% [1] Group 2: Policy Initiatives - The PBOC is working with the China Securities Regulatory Commission to advance RMB foreign exchange futures trading [2] - The macro-prudential management system for the foreign exchange market is gradually improving, with a richer toolbox for counter-cyclical adjustments [1]

Group 1 - The recent easing of tensions in US-China trade relations has led to a significant drop in gold prices, while global stock markets have surged dramatically [1] - The upcoming week features several key economic events that could impact market movements, including speeches from Federal Reserve officials and the Australian interest rate decision [3][4] - The oil market will see important data releases, including the EIA crude oil inventory report, which is expected to influence oil prices and related currencies [5][6] Group 2 - The focus for the week will be on employment data from the US, which traditionally has a strong influence on the dollar and gold prices [6] - Despite a lighter economic calendar, the potential for volatility remains high due to central bank communications and energy inventory reports [7]