摘要
To promote the development of China's foreign exchange market and support enterprises in managing exchange rate risks,the People's Bank of China(PBOC)decided to cut the foreign exchange risk reserve ratio for forward foreign exchange sales from 20 percent to zero,effective from March 2,2026.Going forward,the PBOC will continue to guide financial institutions in improving their services of exchange rate risk hedging for enterprises,so as to keep the RMB exchange rate basicaDy stable at an adaptive and equilibrium level.