Lates News

Foreign Exchange Bureau: Enterprises' awareness and ability to manage exchange rate risks continue to improve. By 2025, the scale of enterprises using foreign exchange derivatives to manage exchange rate risks will exceed 1.9 trillion US dollars, nearly double from 2020; the ratio of enterprise foreign exchange hedging has increased by 8 percentage points compared to 2020. The Foreign Exchange Bureau will strengthen the promotion of the concept of exchange rate risk neutrality, encouraging enterprises with hedging needs to "think more" about hedging; continuously release typical cases to help enterprises "know better" about hedging; enrich more currency and easy-to-use exchange rate hedging products to enable enterprises to "be more capable" of hedging; support honest enterprises in facilitating foreign exchange derivatives transactions, allowing enterprises to "better" engage in hedging.