The Federal Reserve's decision to cut its benchmark interest rate by 50 basis points on September 19th, marking the first reduction in four years, has thrust the Renminbi (RMB) exchange rate into the spotlight. The commencement of a rate-cutting cycle is poised to redirect global capital, which had flowed into the US during its tightening phase, towards markets offering higher yields. China, as the world's second-largest economy, with its relatively stable and attractive stock and bond markets, is anticipated to attract over a trillion yuan in capital inflows. This bodes well for investment activities, signaling a trend towards global funds gravitating towards the country.

Looking ahead, China's foreign exchange market is expected to maintain a stable trajectory. Internally, positive factors and favorable conditions underpinning our economic operations continue to accumulate, reinforcing the sustained momentum of economic recovery and growth. Externally, as advanced economies like the US and Europe embark on their own rate-cutting cycles, the international financial landscape is likely to witness further improvements, fostering a conducive environment for China's foreign exchange market.