In recent years, the external situation has been complex and volatile, and the spillover effects of monetary policies in developed economies have increased, posing new challenges to maintaining stable economic operations in Asian economies. On March 27th, at the "Finding Monetary and Financial Stability in an Unstable World" sub forum of the Boao Forum for Asia 2025 Annual Conference, Li Bin, Deputy Director of the State Administration of Foreign Exchange, stated that in the process of addressing these challenges, the financial markets of emerging economies in Asia have shown stronger resilience, and China has also taken a series of measures to respond. Specifically, Li Bin stated that: firstly, the monetary policy adheres to the principle of self centeredness, taking into account both internal and external balance. Especially since the third quarter of 2024, China has implemented significant interest rate cuts and reserve requirement ratio cuts, effectively supporting the stable growth of total demand. The direction of China's moderately loose monetary policy is clear, and the space for monetary policy is sufficient. The second is to maintain exchange rate flexibility and leverage the function of exchange rate adjustment as an "automatic stabilizer" for macroeconomic and international balance of payments. The third is to strengthen macro prudential management, maintain stable and orderly cross-border capital flows, decisively take countercyclical adjustment measures when necessary, and resolutely prevent the risk of exchange rate overshoot. The fourth is to promote more sustainable and high-quality economic development, strengthen regional economic and trade cooperation, and further enhance the ability to resist external shocks. Foreign exchange management reform plays an important role in promoting high-quality development and high-level opening up Li Bin introduced that in recent years, the State Administration of Foreign Exchange has focused on improving the "more convenient, more open, and safer" foreign exchange management system and mechanism, continuously promoting cross-border trade and investment liberalization and facilitation, and creating a "more honest, more convenient" foreign exchange environment. For example, expanding the coverage of foreign exchange facilitation policies for high-quality enterprise trade has already benefited 25000 enterprises; We have promoted the reform of foreign exchange business development in banks, significantly shortened the processing time for high-quality enterprise business, and provided convenient settlement services for 18000 high-quality enterprises. Currently, there are 16 participating banks, and the coverage will be further expanded this year. Li Bin stated that in the future, the State Administration of Foreign Exchange will continue to promote deep level reform and high-level opening up in the foreign exchange field, deepen regional economic and trade cooperation, and improve the management framework of "macro prudential+micro supervision" in the foreign exchange market. Effectively prevent and resolve external shock risks, maintain international balance of payments, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. (New Society)