为提升企业汇率风险管理水平，助力企业有效应对汇率波动挑战。近日，由国家外汇管理局宁波市分局主办，宁波市商务局支持，宁波银行与甬企"走出 去"服务联盟共同承办的"汇率避险·阿拉同行"暨企业"走出去"客户交流会在宁波顺利召开。90多家外贸企业代表、10余家国有及国有控股企业参会，共话汇 率风险管理与跨境经营策略。 宁波银行总行副行长王丹丹表示，宁波银行始终将国金业务作为战略重点之一，秉持着"专业创造价值"的服务理念，成为企业的"汇率管理专业顾问"、"全 球布局综合向导"、"跨境经营数字管家"和"事业生活价值伙伴"，为企业的稳定经营保驾护航。 在专题分享环节，来自宁波银行的专家分别就三大主题进行宣讲：一是外汇市场走势交流，回顾了今年以来国内外市场主导的核心框架，聚焦中美经济基本 面、美联储降息、中美关税等热点话题，展望后续市场走势。二是汇率避险策略介绍，总结了目前三个市场现状，并就出口、进口和走出去三大客群，分别 提出了解决思路和产品方案。三是广交会服务专案，针对138届秋季广交会，宁波银行推出"广交无忧"专项服务方案，提供集"拓客、结算、融资、汇率、出 海"五大类、全方位的解决方案。 交流会上，与会企业代表反响热 ...

Group 1 - The core objective of the recent campaign by Bohai Bank's Changchun branch is to promote the concept of integrity and enhance the foreign exchange environment in Jilin Province [1][2] - The campaign employs a dual approach of "online + offline" to ensure comprehensive outreach to various market entities and the public [1][2] - Offline activities include prominent displays of integrity-themed slogans and educational materials at bank branches, along with staff providing direct consultations to customers [1][2] Group 2 - Online efforts leverage the bank's official WeChat account to disseminate information focused on "integrity in foreign exchange," including articles on managing exchange rate risks and the dangers of illegal cross-border financial activities [2] - The bank aims to create a public atmosphere that encourages trustworthiness and restricts dishonest practices, thereby enhancing the overall integrity of the market [2] - Future plans include deepening the "integrity in business" concept with more targeted promotions and quality services to support compliant market entities [2]

Core Viewpoint - The event "Sailing Out · Financial Escort" aims to support foreign trade enterprises in enhancing risk management capabilities and boosting development confidence amidst a complex international economic environment [1][2]. Group 1: Event Overview - The event was organized by the Nanping City Banking Foreign Exchange and Cross-border RMB Business Self-regulatory Mechanism and hosted by China Construction Bank Nanping Branch [1]. - It gathered representatives from regulatory bodies such as the Foreign Exchange Bureau and the People's Bank of China, along with 25 key foreign trade enterprises [1]. Group 2: Key Issues Addressed - The event focused on critical concerns such as exchange rate fluctuations and rising cross-border settlement costs, which are prevalent issues for foreign trade enterprises [1]. - Experts provided authoritative policy interpretations, practical case studies, and interactive discussions to offer precise and practical financial support solutions [1][2]. Group 3: Financial Strategies and Support - Foreign Exchange Bureau experts discussed strategies for neutral risk management, guiding enterprises on how to use financial tools to mitigate exchange rate risks and promote a "risk-neutral" financial perspective [2]. - The People's Bank of China emphasized the latest policies on cross-border RMB business facilitation, encouraging enterprises to leverage policy benefits to enhance cross-border fund utilization efficiency [2]. - China Construction Bank showcased a comprehensive financial service solution covering exchange rate hedging and trade financing, highlighting its expertise and innovative capabilities in cross-border finance [2]. Group 4: Future Directions - China Construction Bank Nanping Branch plans to continue innovating service models and optimizing service experiences, collaborating with regulatory bodies and enterprises to build an open, collaborative, and win-win cross-border financial service ecosystem [3].

Core Viewpoint - The People's Bank of China emphasizes the importance of monitoring cross-border capital flows and maintaining the stability of the RMB exchange rate in its monetary policy report for Q2 2025 [1] Group 1: Monetary Policy Measures - The report highlights the need for comprehensive measures to enhance the resilience of the foreign exchange market and stabilize market expectations [1] - It stresses the importance of preventing excessive fluctuations in the exchange rate while keeping the RMB at a reasonable and balanced level [1] Group 2: Risk Management - The central bank encourages enterprises and financial institutions to adopt a "risk-neutral" mindset [1] - Financial institutions are guided to provide exchange rate hedging services to small and medium-sized enterprises based on actual needs and risk-neutral principles [1] - The aim is to create a stable exchange rate environment for the real economy [1]

Core Viewpoint - The National Foreign Exchange Administration's Guangdong Branch is actively implementing the spirit of the Central Eight Regulations through comprehensive education and practical measures to enhance the work style and effectiveness of its party members and cadres [1][2][3][4] Group 1: Theoretical Learning - The Guangdong Branch prioritizes theoretical learning as a fundamental task, focusing on key texts related to party conduct and the Central Eight Regulations to deepen understanding among party members [2] - Special online courses and discussions are organized for senior officials to enhance the depth of learning and practical application in the context of Guangdong's foreign exchange work [2] - Over 160 learning materials have been distributed to party members for self-study, alongside various educational activities to promote immersive learning experiences [2] Group 2: Problem Identification and Resolution - The branch emphasizes a "learn, check, and improve" approach, ensuring quality learning and effective problem identification through a multi-dimensional system [3] - A dynamic problem checklist is created, with party members conducting self-assessments and engaging in discussions to identify and rectify issues [3] - Efforts are made to reduce bureaucratic burdens and improve meeting efficiency by revising assessment methods and meeting protocols [3] Group 3: Practical Implementation - The branch integrates educational outcomes with business operations, encouraging party members to take initiative and engage with enterprises to identify challenges in cross-border trade and investment [4] - Since 2025, the branch has conducted 12 enterprise visits and 10 bank-enterprise seminars, generating 25 pieces of research information to inform policy measures [4] - Initiatives such as the establishment of local foreign exchange self-discipline mechanisms and direct links for county-level banks aim to enhance the quality of foreign exchange services [4]

Group 1 - The core message from Ken Griffin, founder of Citadel, is that adopting a defensive strategy in turbulent markets is likely to lead to losses, as it creates a false sense of security [1] - Griffin emphasizes that during times of heightened risk aversion, "safe trades" become overcrowded, making them the most vulnerable to losses [1][2] - Instead of following the crowd into crowded defensive assets, Griffin advocates for maintaining cash flexibility to seize genuine opportunities when they arise [1] Group 2 - Griffin's warnings are rooted in the current challenging market conditions, including unpredictability in Trump's policies and rising geopolitical risks, which have led investors to instinctively seek defensive strategies [2] - He proposes a shift in mindset from "risk aversion" to "risk neutrality," suggesting that decisions closer to risk neutrality are more optimal from a profit perspective [2] - Citadel has successfully fostered a culture that encourages employees to take calculated risks, accepting occasional failures as a pathway to significant victories [3]

Core Viewpoint - The recent ASEAN investment exchange seminar, organized by the Industrial and Commercial Bank of China (ICBC) in Zhongshan, aimed to explore opportunities and challenges for local enterprises in the context of US-China tariff frictions [1][3]. Group 1: Event Overview - The seminar was attended by nearly 40 business representatives, focusing on the collaboration between government, banks, and enterprises to discuss the "going out" strategy for Zhongshan companies [1]. - Experts from the State Administration of Foreign Exchange and ICBC provided insights on tariff cost hedging, exchange rate risk management, and cross-border settlement facilitation [3]. Group 2: Financial Services and Risk Management - ICBC's experts emphasized the importance of establishing a "risk-neutral" mindset for enterprises amid increasing RMB exchange rate flexibility, while offering methods for exchange rate risk management [3]. - The seminar included presentations on Thailand's business environment, legal regulations, and financial services, aimed at guiding companies in their overseas ventures [3]. Group 3: Strategic Support for Enterprises - ICBC is leveraging its global network and financial technology to support Zhongshan enterprises in various scenarios, including investment, trade settlement, employee management, and fund management [7]. - The bank plans to provide professional exchange rate risk management solutions, encouraging the use of forward contracts and options to effectively hedge against exchange rate fluctuations [7].

受到近年全球产业布局调整影响，特别是近期美国"对等关税"的连锁反应下，企业在"新型离岸贸易"项 下的跨境收支面临汇率风险敞口大、资金管理效率低等痛点。针对这一需求，工行常州分行秉承"风险 中性"理念，通过创新组合结售汇产品，为辖区内某新材料行业上市公司量身打造综合解决方案，成功 为其办理了新型离岸贸易"项下1200万美元结售汇业务，实现客户收益提升、银行收支及结售汇量双倍 增长的"双赢"效益。 一、精准对接需求，定制"即期+远期"组合方案。该客户生产经营过程中涉及到进口原材料，境内加工 再出口，以及直接向境外关联公司采购后，直接向采购方交付情况，故兼具收付汇双向需求，但因汇率 波动频繁导致财务成本不可控。常州分行深入分析其贸易链条与资金周期，设计"即期购汇+远期外汇 买卖+对冲结汇"组合策略，规避汇率波动带来的风险。 二、多维价值凸显，助力客户与银行共赢。通过远期合约锁定汇差，客户在支付刚性需求的同时，额外 获得确定性收益，有效践行"风险中性"管理目标。同时该方案覆盖客户进出口双向资金流，通过一站式 服务将其跨境收支全流程锁定在工行。单笔业务同时触发购汇与结汇操作，带动银行即期与远期交易量 同步提升，经初步测 ...

Core Viewpoint - The article highlights the challenges faced by foreign trade and investment enterprises due to international market demand changes, logistics uncertainties, and exchange rate fluctuations, while emphasizing the role of Jinan Industrial and Commercial Bank in providing comprehensive cross-border financial services to support these enterprises' growth and stability [1][2][3][4][5] Group 1: Challenges Faced by Enterprises - Foreign trade and investment enterprises are experiencing significant pressure on capital turnover, long international settlement cycles, and difficulties in foreign exchange risk management due to multiple factors [1] - Export-oriented companies often face long payment terms from overseas clients, leading to severe capital occupation issues [2] Group 2: Innovative Financial Solutions - Jinan Industrial and Commercial Bank has introduced innovative financing services, such as "order financing + overseas payment + reverse wind financing," to alleviate the financial pressure on enterprises during the order fulfillment process [2] - The bank has leveraged its global network to provide timely financing support based on export order situations, helping companies reduce their financing costs and improve cash flow [2] Group 3: Cross-Border Payment and RMB Internationalization - The bank has established a global service network with 408 branches in 69 countries, facilitating efficient cross-border payment and settlement processes [3] - In the first quarter of this year, Jinan Industrial and Commercial Bank's international settlement amount reached 3.9 billion USD, with cross-border RMB receipts amounting to 11 billion RMB, reflecting a year-on-year increase of 266% [3] Group 4: Comprehensive Financial Service Solutions - The bank has developed tailored cross-border comprehensive financial service plans for over 20 enterprises, focusing on various application scenarios such as financing, currency management, and international settlement [4][5] - Jinan Industrial and Commercial Bank has established cross-border cash pools for nine multinational corporations and facilitated 505 million USD in domestic and foreign investments in the first quarter [5] Group 5: Risk Management and Future Outlook - The bank promotes a "risk-neutral" philosophy to help enterprises manage exchange rate risks, offering a one-stop service for consultation, pricing, and transactions [5] - Jinan Industrial and Commercial Bank aims to continue enhancing its product offerings and service models to support the high-quality development of foreign trade and investment in Jinan [5]

Group 1: Analysis of RMB Exchange Rate Stability - Despite intensified US-China trade tensions and cumulative tariffs exceeding 100%, the RMB to USD exchange rate remains stable, even slightly appreciating, which exceeds market expectations [2][3] - External factors contributing to this stability include the depreciation of the USD due to a crisis of confidence, as well as the impact of Trump's policies that have led to a significant decline in the USD index, which has dropped over 7% this year [3][4] - Internal factors include the anticipation of external pressures reflected in the RMB's previous adjustments, as well as government measures to stabilize the market, such as the introduction of financial policies and the release of stabilizing signals in the exchange rate [4][6] Group 2: Future Support for RMB Exchange Rate - The RMB exchange rate is supported by four key factors: the negative impact of Trump's tariffs on the US economy, ongoing USD credit crises, the resumption of US-China economic dialogues, and the adequacy of China's policy reserves to stabilize market expectations [5][6] - The potential for a shift to two-way fluctuations in the RMB exchange rate is increasing, driven by the convergence of economic cycles and monetary policies between China and the US [6][7] Group 3: Corporate Exchange Rate Risk Management - Companies are advised to adopt a "risk-neutral" approach to manage exchange rate risks, avoiding unilateral bets on RMB appreciation or depreciation [8][9] - Recommended strategies include natural hedging through matching foreign exchange income and expenses, promoting the use of RMB for settlements, and utilizing foreign exchange derivatives to hedge against potential fluctuations [8][9]