State Administration of Foreign Exchange: Further improve the expectation management mechanism and maintain the stable operation of the foreign exchange market

On March 17th, Zhu Hexin, Secretary of the Party Leadership Group and Director of the State Administration of Foreign Exchange, presided over an expanded Party Leadership Group meeting. The meeting emphasized the need to better respond to external shocks and challenges under the new situation. Strengthen the keen awareness of changing circumstances, establish a bottom-line thinking, improve monitoring and early warning of cross-border capital flows, and, when necessary, reinforce macroprudential management. Further improve the expectation management mechanism to maintain the stable operation of the foreign exchange market. Improve the management of foreign exchange reserves to ensure the safety, liquidity, and preservation and appreciation of reserve assets. (State Administration of Foreign Exchange)