Core Insights - The State Administration of Foreign Exchange (SAFE) aims to enhance a more convenient, open, secure, and intelligent foreign exchange management system to support the development of Shanghai as an international financial center [1][2] - SAFE plans to steadily expand high-level institutional opening in the foreign exchange sector while balancing the internationalization of the Renminbi and high-quality opening of capital accounts [1] - There will be a focus on facilitating foreign financial institutions' investment in China and deepening the development of the foreign exchange market, including addressing issues related to long-term, multi-variety, and small currency foreign exchange market development [1] Group 1 - SAFE will promote the optimization of exchange rate risk management services by financial institutions as the demand for hedging becomes more diverse and personalized due to the expansion of international transaction scales [1] - The principle of "the more integrity, the more convenience" will be upheld, encouraging innovative and integrated exploratory policies in Shanghai, including the application of AI and big data for smarter and more efficient foreign exchange services [2] - SAFE emphasizes that both openness and convenience must be predicated on security, implementing a dual management approach of "macro-prudential + micro-regulation" to effectively prevent risk transmission across regions, markets, and borders [2] Group 2 - The ability to prevent risks will determine the degree of openness, with effective risk prevention being fundamental to high-quality development and high-level opening [2]

Core Viewpoint - The Bank of Communications Pingdingshan Branch is actively supporting local foreign trade enterprises, particularly Shennma Co., by providing professional exchange rate risk management services to enhance their ability to cope with exchange rate fluctuations and promote stable foreign trade development [1][2]. Group 1: Exchange Rate Risk Management - The Bank of Communications Pingdingshan Branch has responded to national policies aimed at stabilizing foreign trade by offering targeted exchange rate risk management services to key local foreign trade enterprises [1]. - Shennma Co., as a benchmark enterprise in the local foreign trade sector, faces challenges from exchange rate fluctuations, prompting the bank to implement a financial management philosophy centered on exchange rate risk neutrality [1]. - The bank's services have helped Shennma Co. improve its cost control capabilities amid exchange rate volatility and recognize the importance of maintaining an exchange rate risk-neutral approach for financial stability [1]. Group 2: Future Initiatives - The Bank of Communications Pingdingshan Branch plans to continue implementing measures related to stabilizing foreign trade, focusing on financial product and service innovation [2]. - There will be an emphasis on promoting the exchange rate risk neutrality concept to assist more foreign trade enterprises in enhancing their overall risk resistance capabilities [2]. - The bank aims to inject financial momentum into the high-quality development of the local real economy through these initiatives [2].