Increased flexibility in the foreign exchange market Experts say that the RMB exchange rate still has a stable foundation in the medium and long term

Sina Financial News Since last week, the volatility of the RMB exchange rate has returned. In the past week, the RMB exchange rate has quickly stabilized after falling sharply. "The onshore RMB exchange rate has broken the low volatility that has been maintained since the beginning of 2024, and the flexibility of the RMB exchange rate fluctuations has begun to return. Zhou Junzhi, chief macro analyst of China Securities Securities, said. Li Liuyang, chief analyst of foreign exchange research at the research department of CICC, also said that the renminbi will start a two-way fluctuation stage of resilience repair. At present, after the elasticity returns to normal, the industry suggests that the fluctuation range of the RMB exchange rate will be relaxed in the near future, and it is necessary to pay attention to the policy signals of the RMB exchange rate. The industry believes that the current exchange rate policy has not changed significantly. From the perspective of internal and external factors, the RMB exchange rate still has a stable foundation in the medium and long term.