According to news from PANews on August 17, the People's Bank of China released today the report on China's monetary policy implementation for the second quarter of 2023. Overall, the current RMB exchange rate has not deviated from the fundamentals, and the foreign exchange market is generally operating in an orderly manner, the report said. The RMB exchange rate reflects the exchange rate relationship between the RMB and other currencies. It is affected by various internal and external factors. In the short term, it is highly uncertain and uncertain, but in the long run it depends fundamentally on economic fundamentals. At present, regardless of external factors or internal factors, the RMB exchange rate will not depreciate unilaterally, but will maintain two-way fluctuations. my country's economic supply and demand are generally balanced, and there is no basis for long-term deflation or inflation. Effectively prevent and resolve financial risks in key areas, coordinate and coordinate financial support for local debt risk resolution, steadily promote the reform of small and medium-sized financial institutions to eliminate risks, and hold the bottom line of preventing systemic financial risks. In the next stage, we will intensify macro-policy regulation, effectively prevent and resolve financial risks in key areas, coordinate and coordinate financial support for local debt risk resolution, steadily promote the reform of small and medium-sized financial institutions to reduce risks, and hold the bottom line of no systemic financial risks.