Pan Gongsheng: China's foreign exchange market is expected to maintain a relatively stable operation.

[pan Gongsheng: China's foreign exchange market is expected to maintain a relatively stable operation]-- Pan Gongsheng, director of the State Administration of Foreign Exchange, said at the Lujiazui Forum on June 8 that China's foreign exchange market is expected to maintain a relatively stable state of operation. China's economy has generally maintained a steady upward trend, while some market institutions predict that the US economy may face a mild recession. At the same time, the spillover effects are expected to abate as the Fed's rate-raising cycle draws to a close. In recent years, the operation of China's foreign exchange market has gradually shown new characteristics: the operation of the foreign exchange market is more resilient, the main body of the market is more mature, the trading behavior is more rational, the use of exchange rate risk aversion tools is more frequent, and the cross-border use of RMB has been greatly improved. it has also greatly reduced the exchange rate risk exposure. We have accumulated a lot of experience in dealing with external shocks, and we are more calm, mature and experienced in the face of market changes. We have the confidence, conditions and ability to maintain the stable operation of the foreign exchange market. (reporter Wang Hong and Xu Chuan)