On April 19, Mr. Liu Xinnuo appeared as a guest in the live studio of Phoenix TV's Golden Finance program, sharing his views on how to respond to the potential "wide-range fluctuations" of the RMB exchange rate.
Interview background: After the successful conclusion of the first quarter of 2016, we are now facing the volatility of global markets over the remaining three quarters, and exchange rate issues remain the top priority in this year's economic markets. Among the five to six trillion in daily global transactions, with investment and speculation accounting for 90% and trade accounting for 10%, what risks will be faced, and how should enterprises and institutions rise to the challenges of this year's global exchange rate market volatility?
Click on the video now to watch the interview and see what advice foreign exchange experts offer to the market, investors, and policymakers on RMB exchange rate issues.
(You can also access the hyperlink to watch the interview爃ttps://v.qq.com/page/t/k/l/t01952qiqkl.html (http://v.qq.com/page/t/k/l/t01952qiqkl.html) )
Three appeals and recommendations to the industry, sector, and regulatory authorities conveyed in this interview:
1. Attach great importance to the urgency and necessity of enhancing the soft power of corporate foreign exchange management, with the government strengthening its promotion.
2. Foreign trade enterprises should pay attention to RMB exchange rate fluctuations; in addition to monitoring the exchange rate against the US dollar, they should also monitor changes in the exchange rates of non-US dollar currencies, as both are equally important.
3. As the RMB is becoming an international currency, the central bank should increase the consistency and transparency of its monetary policy.
Mr. Liu Xinnuo poses for a photo with Golden Finance host Zeng Jingyi
