China to help enterprises fend off foreign exchange rate risks


By Luo QiUnreguser

BEIJING, May 26 (Xinhua) -- Chinese authorities have decided to help foreign trade enterprises fend off foreign exchange rate risks amid a volatile international financial market situation.

The country will optimize risk hedging products and services, and further facilitate cross-border payments of the Chinese renminbi (RMB), according to a circular jointly released by the Ministry of Commerce, the People's Bank of China and the State Administration of Foreign Exchange.

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