The foreign exchange risk reserve ratio of forward sale of foreign exchange will be raised. What is the impact of expert interpretation?

The foreign exchange risk reserve ratio of forward sale of foreign exchange will be raised, and experts will interpret the impact:

1. Forward sale of foreign exchange can avoid the risks brought by exchange rate. Adjusting the exchange rate reserve from 0 to 20% in August of 20 18 can effectively alleviate the pressure of RMB depreciation under the condition of the greatest pressure of RMB depreciation. It helps to balance bilateral fluctuations reasonably. Due to many factors, the RMB will continue to depreciate in 2022, and a timely and moderate increase in the reserve ratio can curb the pressure of foreign exchange appreciation. As the Fed continues to raise interest rates, the RMB will depreciate to varying degrees. However, because China's economy is basically good in international expenditure and income, the RMB is stable and the foreign exchange market is stable.

2. For enterprises, it is necessary to establish the risk concept of foreign exchange and avoid risks. Only in this way can we ensure the normal operation of production under the condition of foreign exchange fluctuation. The reduction of foreign exchange reserves has curbed speculation. Although the macro-environment of overseas foreign exchange market is constantly changing and the market fluctuates violently, with the RMB's avoidance of risk factors gradually strengthened, the economy gradually stabilized and the balance of payments gradually leveled off. The prospect of using RMB is still considerable.

3. The purpose of raising foreign exchange risk reserve by the central bank is to reduce the demand of enterprises, thus promoting market balance. Only from this perspective, if the foreign exchange in the market is in a balanced period, then the market will be beneficial to the risk period. At present, the RMB exchange rate has declined, and the will of market players is still relatively strong. For example, the selling exchange rate in August was 67%. It can be seen from this data that the overall trend of the market is still good. Therefore, even if the trend of RMB depreciation is difficult to appear at present, in the long run, the global market as a whole is in a difficult period, China's economic market is resilient, and it is only a matter of time before the RMB goes up.