(Shanghai Comprehensive News) Pan Gongsheng, Vice President of the Central Bank of China and Director of the State Administration of Foreign Exchange on Thursday (June 8), said that the US Federal Reserve ’s interest rate hike cycle is close to the end.The market has conditions to maintain a relatively smooth running state.
Comprehensive Sina Finance and Surging News reported, Pan Gongsheng spoke at the 14th Lujiazui Forum that since 2023, the Chinese foreign exchange market has operated in a stable operation, and the flow of cross -border funds has changed from a high at the beginning of the year.In the middle, the RMB exchange rate remains basically stable at a reasonable balance.
Influenced by factors such as China's economic performance and the strengthening of the US dollar, the exchange rate of the RMB against the US dollar has continued to lower this year, and after entering June, it fell to a six -month low of $ 1 (1.35) against 7.13 yuan.However, Chinese officials have not yet intervened.
Pan Gongsheng said that since mid -April, some fluctuations have occurred under the influence of internal and external factors, but the exchange rate expectations of the foreign exchange market and the flow of cross -border capital have remained relatively stable.Looking forward, the smooth operation of the Chinese foreign exchange market still has a good foundation. The overall economic operation of China's economy maintains a stable and upward trend. The US economy may face a mild decline, and the economy basically faces the RMB exchange rate to support.
Li Yunze, director of the State Administration of Finance and Administration of China National Financial Supervision and Administration, who attended the same forum, said that at present, the Chinese financial industry is running smoothly, the risk is generally controllable, and it is completely conditional and confident that it is confident that the bottom line of systemic financial risks will not occur.
This is the first time that Li Yunze has appeared in the open forum after the new.He emphasized that strengthening and improving modern financial supervision is an important task in the current financial field.It is necessary to resolutely eliminate gaps and blind spots, clarify the boundaries of responsibility, tighten the liability chain, strengthen comprehensive governance, improve the responsibility system of multi -subject participation, multi -field collaboration, and multi -level penetration, and truly realize the "full coverage and blind spots".
The chairman of the China Securities Regulatory Commission Yi Hui Man responded to the recent fluctuations of the Chinese stock market at the forum. He said that the CSRC attaches great importance to the supervision of capital market, and will continue to strengthen the monitoring and supervision of market transaction behaviors.The tracking analysis of the transaction method has resolutely combat illegal acts such as insider trading and market manipulation, and effectively maintain the healthy and healthy market order and ecology.
