Ministry of Commerce: Help more foreign trade enterprises to master and use exchange rate hedging tools in various ways_Oriental Fortune Net

Ministry of Commerce spokesman Gao Feng said at the regular press conference of the Ministry of Commerce on June 2 that in order to help more foreign trade enterprises master the use of exchange rate hedging tools and operate better and prudently, the next step, the Ministry of Commerce will focus on the following aspect work.One is to improve products and services, promotebank“Policies tailored to enterprises” optimize products and services, better meet the diversified exchange rate hedging needs of enterprises, and facilitate RMB settlement of cross-border trade and investment.The second is to facilitate the connection between banks and enterprises, and guide local commercial authorities to strengthen cooperation withbankBranch cooperation, support thebankBetter carry out “one-to-one” precise services, expand “first-time households”, and expand the coverage of small, medium and micro enterprises. The third is to reduce hedging costs, encourage local governments to make good use of the special funds for foreign trade and economic development, and provide more public services such as training and consultation on exchange rate risk management under the premise of compliance with WTO rules. Where conditions permit, we can also explore ways such as special credit granting, data credit enhancement, and public security deposits to improve the convenience of enterprises to avoid risks and reduce the overall cost of enterprises. In addition, the Ministry of Commerce will also strengthen training to guide enterprises to view exchange rate fluctuations objectively and take effective hedging measures to enhance their ability to resist risks.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

Responsible editor: 92

Original title: Ministry of Commerce: Help more foreign trade companies to master and use exchange rate hedging tools in various ways