Zhongxin Securities Mingming: The goal of the central bank's exchange rate stabilizing tool may be to guide market expectations.

Considering the potential uncertainty, it is not advisable to bet on one-sided market trends. Ming Ming, chief economist of CITIC Securities, stated that the goal of the central bank's exchange rate stabilization tools may be to guide market expectations, prevent the formation of one-sided consensus expectations in the exchange rate market and self-reinforce, and help the renminbi maintain relative resilience.