China's financial management department has raised cross -border financing macro -prudential adjustment parameters, and the exchange rate of the RMB to the US dollar has risen significantly.
According to Surging News, the People's Bank of China issued an announcement before the opening on Thursday (July 20) stating that in order to further improve the macro -prudential management of full -caliber cross -border financing and continue to increase the source of cross -border funds for enterprises and financial institutionsTo guide them to optimize the asset -liability structure, the People's Bank of China and the State Foreign Exchange Bureau decided to increase the number of cross -border financing macro -adjusted parameters of corporate and financial institutions from 1.25 to 1.5, and it was implemented today.
Adjusting the cross -border financing macro -prudential adjustment parameters are regarded as one of the policy tools that can be used to stabilize the exchange rate.After this adjustment, the RMB exchange rate of the US dollar was significantly higher in the shore and offshore market.
Among them, the RMB -Pradm -USD exchange rate opened significantly on July 20, and the market rose to the 7.18 mark, which was appreciated by the closing value of 7.2197 in the previous trading day;After the news came out, the straight line rose, and the rise was close to 500 points, and the market was close to the 7.18 mark.
According to reports, in the face of the depreciation of the RMB exchange rate in this round, the Chinese financial management department has not used foreign exchange policy tools before this adjustment of cross -border financing macro -prudential adjustment parameters.
Liu Guoqiang, Vice President of the People's Bank of China, said at a press conference in the first half of this year's first half of this year's financial statistics on July 14 that the People's Bank of China accumulated rich response in the process of responding to multiple rounds of external shocks.Experience, also has sufficient policy tool reserves, will use the tools reasonably according to the needs of the situation.
