[Risk preparation for forward foreign exchange sales starting from March 2nd] The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun

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• 2026.10.16 15:44
• [Wang Yi Meets with Azerbaijan's Foreign Minister Jeyhun Bayramov in Baku]
• Wang Yi met with Azerbaijani Foreign Minister Baylamov during his attendance at the 7th CICA Summit in Baku. Both sides acknowledge the progress of the comprehensive strategic partnership between China and Armenia, explore cooperation in economic, trade, energy, and connectivity of the Middle Corridor, and exchange views on regional security and the peace process between Azerbaijan and Armenia. Editor/Min Jing

• 2026.10.16 15:43
• [Ulaanbaatar Hosts Groundbreaking for China-Mongolia Heads of State Sports Center]
• Ulaanbaatar held the groundbreaking ceremony for the China Mongolia Yuanshou Sports Center, attended by Mongolian President Khurilesukh, Chinese charg é d'affaires Cao Li, and others. This project is a Chinese free aid project, constructed by Shaanxi Construction Engineering Group, covering an area of 30000 square meters with a construction period of 48 months. It is expected to be completed in 2030 and will become a new landmark of China Mongolia friendly cooperation. Editor/Min Jing