央行：将远期售汇业务的外汇风险准备金率下调为0。 1月15日国新办新闻发布会上，中国人民银行宣布一揽子政策举措，鼓励金融机构提升汇率避险服务水 平。 上述专家表示，本次下调远期售汇风险准备金率，有助于金融机构为企业提供成本合理的汇率风险管理 产品，也是落实一揽子政策的具体体现。2025年，企业套期保值比率提升至30%，货物贸易中使用人民 币结算的比重也提高到近30%，相当于有60%的企业在外贸出口上，受到汇率风险的影响是比较小的， 未来这两个比例有望进一步提高，也有利于保持汇率稳定。 年初以来，受美元指数走弱等因素影响，人民币兑美元汇率持续升值，截至目前，在岸人民币兑美元汇 率升值幅度在2%左右。 央行表示，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。 在人民币兑美元汇率升至6.85附近之际，2月27日一早，中国人民银行（以下或称"央行"）官方发布消 息，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。 权威专家表示，此举能够降低企业远期购汇成本，提高企业在购汇方向开展外汇套保的积极性 ...

促进外汇政策回归中性 远期售汇业务外汇风险准备金率下调为0 ◎记者 张琼斯 "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。"权威专家表示， 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。 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。 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，提高企业在购汇方向开展外汇套保的积极性，也 有利于支持企业合理运用外汇衍生产品管理好汇率风险。 "本次下调有利于支持企业更好开展汇率避险。"权威专家表示，通过本次下调，金融机构可以为企业提 供成本合 ...

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 ...

Core Viewpoint - The Inner Mongolia Autonomous Region is making significant progress in foreign exchange management and financial support for high-quality development, with notable increases in cross-border trade and investment activities by 2025 [1][2]. Group 1: Foreign Exchange Management - By 2025, the total amount of foreign exchange payments handled by banks for clients in Inner Mongolia reached $40.84 billion [1]. - The region has implemented new pilot policies for trade foreign exchange receipts and payments, with 43 enterprises participating and handling $5.04 billion, marking a year-on-year increase of 44.8% [1]. - The new mutual market trade agency payment business has expanded its reach, significantly supporting the development of new business models in border trade, contributing to an income increase of 3.442 million yuan for border residents [1]. Group 2: Financial Services and Products - In 2025, the signing amount of foreign exchange derivative products reached $2.23 billion, reflecting a year-on-year growth of 32.1% [2]. - The foreign exchange hedging ratio for enterprises was 12.7%, up by 26.3% compared to the previous year [2]. - A total of 182 enterprises benefited from reduced fees and margin exemptions, saving a cumulative amount of $2.8761 million [2]. Group 3: Cross-Border Financial Services - The successful launch of electronic currency cash carrying certificates and the approval of the first currency exchange company in Manzhouli City for personal foreign currency exchange services have diversified the foreign currency exchange institutions to 90 [2]. - The application of cross-border financial service platforms has been deepened, with 423 online contracts signed for exchange rate risk management services, amounting to $680 million [2]. - Financing and credit amounts in financing scenarios increased by 42.2% and 84.1% year-on-year, respectively [2].

Core Viewpoint - Fortior (01304.HK) plans to utilize a maximum amount of RMB 1.5 billion or equivalent foreign currency for foreign exchange hedging activities, including various derivatives [1] Group 1: Business Operations - The company and its subsidiaries intend to engage in foreign exchange hedging activities to meet operational and business needs [1] - The hedging activities will encompass forward foreign exchange settlements, foreign exchange swaps, foreign exchange futures, foreign exchange options, and other foreign exchange derivative products [1] Group 2: Financial Details - The maximum amount for the hedging activities is set at RMB 1.5 billion [1] - The usage period for the aforementioned amount is within 12 months from the date of approval by the company's shareholders' meeting [1] - Funds can be used in a rolling manner within the specified amount and time frame [1]

Core Insights - The Inner Mongolia Autonomous Region's financial system has implemented a moderately loose monetary policy to support the real economy and facilitate economic recovery in the first half of 2025 [1] Financial Performance - As of June 30, the total balance of RMB loans in the region reached 32,616.8 billion yuan, an increase of 1,380.8 billion yuan from the beginning of the year, representing a year-on-year growth of 6.8% [2] - The balance of RMB deposits was 40,606.1 billion yuan, with an increase of 1,565.2 billion yuan year-to-date, reflecting a year-on-year growth of 7.2% [2] - The weighted average interest rate for newly issued loans decreased by 0.6 percentage points year-on-year, with corporate loan rates dropping by 0.74 percentage points, effectively lowering the financing threshold for enterprises [2] Support for Key Sectors - A financial policy framework consisting of "1 overall plan + 5 special plans" has been established to guide financial resources towards key areas [3] - A total of 34.7 billion yuan in loans was issued to support 38 technology-based SMEs and 26 technological transformation projects [3] - The green finance sector saw significant results, with 20 institutions utilizing 594.3 billion yuan in carbon reduction tools to leverage 990.5 billion yuan in loans, resulting in a reduction of 3,597,500 tons of emissions [3] Foreign Exchange Management - The total amount of foreign exchange receipts and payments reached 24.142 billion USD in the first half of the year [4] - The signing amount of foreign exchange derivative products was 1.195 billion USD, marking a year-on-year increase of 105.3% [4] - The pilot program for cross-border currency pools has been implemented, with companies like Yili and Baogang transferring 1.038 billion yuan [4]