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Economic Daily: Solid Foundation for Stable RMB Exchange Rate

Economic Daily: Solid Foundation for Stable RMB Exchange Rate

金色财经金色财经2024/10/11 00:03
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According to a report by Jinse Finance, the Economic Daily article states that exchange rate fluctuations affect market nerves and are related to internal and external balance, attracting high attention. From a medium to long-term perspective, the RMB exchange rate has a solid foundation for maintaining basic stability. Macroeconomically, the exchange rate is fundamentally determined by economic fundamentals.

Recently, financial management departments have introduced a series of policy combinations to precisely and effectively support the real economy, which will further consolidate and enhance the positive trend of China's economic recovery.

From the perspective of policy space, relevant departments have the ability to continue maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level. The People's Bank of China has repeatedly emphasized adhering to the decisive role of the market in exchange rate formation and maintaining exchange rate flexibility. Market participants should adhere to the concept of risk neutrality. Financial institutions, enterprises, and even individual residents should establish a risk-neutral concept and not gamble on the direction of exchange rates.

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