The Group's trade section held trade exchange rate risk management training session

   In order to actively deal with the adverse impact of exchange rate fluctuations on the business, make good use of monetary policy tools, and help achieve the annual business objectives, on the morning of February 17, the Group's International Business Department held a trade exchange rate risk management training meeting, inviting Bank of China registered financial analyst Bian Yuanzheng to give lectures. Luo Kui, Vice Minister of International Business, presided over the meeting.

   Bian Yuanzheng preached and interpreted the outlook for the RMB exchange rate and exchange rate hedging tools, integrated international economic and exchange rate fluctuations, analyzed and predicted the trend of the US dollar and the euro, and put forward exchange rate expectations and hedging recommendations based on the post-epidemic market business environment, China's economic situation, current inflows and commodity prices and other comprehensive factors.

   The participants had an interactive exchange, and Bian Yuanzheng gave pertinent opinions and suggestions on the problems encountered in the work, and the atmosphere was warm.

   Through this exchange and study, the International Business Department and the companies in the trade sector have further understood the causes of RMB exchange rate fluctuations against the US dollar and the corresponding financial instruments for maintaining and increasing their value, which provides a theoretical and practical basis for the effective development of the Group's international trade business in the next step.

   International business department and trade section of the company business, finance and documents and other related personnel participated in the training.