Pan Gongsheng: Adhere to the decisive role of the market in the formation of exchange rates and maintain exchange rate flexibility
2024-06-19 02:12:07
On June 19, Pan Gongsheng, Governor of the People's Bank of China, said at the Lujiazui Forum today that after years of continuous efforts, China's foreign exchange market has made great progress and development. Market participants are more mature, trading behavior is more rational, and more and more business entities use exchange rate hedging tools. We insist on the decisive role of the market in the formation of the exchange rate, maintain exchange rate flexibility, but at the same time strengthen the guidance of expectations and resolutely prevent the risk of exchange rate overshoot.
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