Pan Gongsheng, Vice President of the People's Bank of China on Thursday (June 8th), guarantee to the participants at the Lujiazui Forum that confidence, conditions, and capable of maintaining the stable operation of the Chinese foreign exchange market.
According to the Sino -Singapore Jingwei report, Pan Gongsheng, also the director of the China Foreign Exchange Bureau, said that in recent years, China's financial cycle has been relatively stable, and China's stable financial cycle provides a suitable environment for economic and financial market operations.
He introduced that Chinese monetary policy adheres to me as the main orientation of cross -cycles and internal and external balance. It does not follow the Federal Reserve's "large -scale collection", and does not engage in competitive zero interest rate or quantitative easing policies.
Pan Gongsheng said that since mid -April, it has been affected by various factors in the internal and external parts, especially the US dollar index on the upper limit of US debt, the risk of small and medium -sized banks to rise, and the Federal Reserve ’s interest rate hike expectations have been heating up.Driven the strengthening of the domestic economic recovery, the foundation of the domestic economic recovery is still unstable, and some fluctuations in the RMB exchange rate have occurred.
He also said that China's economic operation has maintained a stable and upward trend.At the same time, with the end of the Fed's interest rate hike cycle, it is difficult to continue to strengthen the dollar, and the impact of spillover is expected to weaken.In general, the Chinese foreign exchange market is expected to maintain a relatively stable operating state.
