New policies empower stability and long-term growth — Bank of China Beijing Branch hosts a foreign exchange market seminar, actively promoting the concept of exchange rate risk neutrality.

(Source: Beijing Business Daily)

The Beijing branch of the Bank of China actively responded to the call from regulatory agencies regarding the promotion of a neutral approach to exchange rate risk by recently holding a foreign exchange market sharing session titled “New Policies Empowering Stability for the Future.” The event focused on recent changes in foreign exchange policies and market trends, aiming to further enhance enterprises’ understanding of exchange rate risk management, assist companies in improving their risk response capabilities in cross-border operations, and provide strong financial support for high-level opening up and high-quality development of the export-oriented economy in the capital region.

Relevant leaders from the Beijing branch of the People’s Bank of China, the Beijing branch of the State Administration of Foreign Exchange, and the Beijing branch of the Bank of China attended the event and delivered speeches on-site. Officials from regulatory agencies pointed out that the Beijing branch of the State Administration of Foreign Exchange continuously improves the quality and effectiveness of exchange rate risk management services for enterprises in Beijing through three main work pillars: promoting the neutral approach to exchange rate risk, optimizing bank exchange rate risk management services, and strengthening the supply of exchange rate hedging support policies. A representative from the Bank of China Beijing branch stated that the bank always adheres to its professional essence and takes on the responsibilities of a major bank, actively responding to the call of regulatory agencies, continuously providing high-quality financial market products and services to clients, promoting the enhancement of the quality and efficiency of cross-border use of the renminbi, and contributing financial strength to the high-level opening up of the capital region. Experts from the relevant departments of the Beijing branch of the State Administration of Foreign Exchange, as well as over a hundred guests from more than seventy enterprises in the Beijing area, participated in this event.

During the event, experts from the Bank of China headquarters and branches delivered thematic presentations on the domestic and international macroeconomic financial situation, trends in the renminbi exchange rate, scenarios and cases of exchange rate risk management, and international use of the renminbi and cross-border financial services. The event was rich in content and highly targeted, featuring macro perspective policy interpretations as well as case analyses closely aligned with the actual needs of enterprises, providing valuable market insights for participating companies. The atmosphere for discussion was lively, with representatives from participating enterprises responding positively and engaging in in-depth communication with relevant experts afterward.

The Beijing branch of the Bank of China will take this event as an opportunity to continue leveraging the group’s global operational advantages, continuously improving the quality and effectiveness of financial market and cross-border financial services, assisting enterprises in flexibly utilizing exchange rate hedging products, better adapting to market changes, enhancing their operational stability, and contributing greater financial strength to serve the country’s high-level opening up and the high-quality development of the capital’s economy and society.

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