State Administration of Foreign Exchange deputy director Li Bin said exchange rates are set by market supply and demand and are difficult to predict. He warned renminbi two‑way volatility has strengthened in recent years and urged corporates to adopt an FX risk‑neutral approach, proactively manage currency exposures and minimize volatile swings’ impact on operations and financials. SAFE said it will work with relevant departments and financial institutions to promote the risk‑neutral concept, gu

State Administration of Foreign Exchange deputy director Li Bin said exchange rates are set by market supply and demand and are difficult to predict. He warned renminbi two‑way volatility has strengthened in recent years and urged corporates to adopt an FX risk‑neutral approach, proactively manage currency exposures and minimize volatile swings’ impact on operations and financials. SAFE said it will work with relevant departments and financial institutions to promote the risk‑neutral concept, guide firms to monitor market changes, raise hedging awareness and improve autonomous decision‑making.