1June 10, the website of the central bank released a message saying that the foreign exchange risk reserve ratio for forward foreign exchange sales will be reduced from 20% to 0 from June 2020 10+02. Reducing the foreign exchange risk reserve ratio to zero will not only help the RMB exchange rate against the US dollar to maintain a reasonable and balanced level, but also help banks to reduce the cost of selling foreign exchange in the future and increase the demand of enterprises for this product, so as to better manage the exchange rate risk by using derivatives.

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Reply time: 2022-0 1- 19. Please refer to the latest business changes announced by Ping An Bank in official website.