Central Bank: The exchange rate of RMB is expected to continue to float in both directions and maintain flexibility.

Zou Lan, deputy governor of the central bank, stated that the external situation is still complex and severe. The adjustment magnitude and pace of interest rates of major economies remain uncertain, and geopolitical impacts may persist. This could cause some disturbances to the exchange rate trend. The yuan exchange rate is expected to continue to float in both directions and remain flexible.