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Brief
On "18/10/2024", the "State Administration of Foreign Exchange (SAFE)" issued an update regarding "Zhu Hexin, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, delivered a keynote speech at the 2024 Financial Street Forum Annual Meeting". Zhu Hexin discussed the current state of China's foreign exchange market, highlighting the increasing risks and challenges faced by the market. He emphasized the importance of deepening reform and innovation to better serve China's modernization drive.
The key points of Zhu Hexin's speech include:
- The current risks facing China's foreign exchange market
- Deepening reform and innovation to better serve China's modernization drive
Zhu Hexin also discussed his vision for the future of China's foreign exchange market, including:
- Stabilizing the currency
- Enhancing international cooperation
- Strengthening risk management
- Promoting financial inclusion
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