Li Bin of the State Administration of Foreign Exchange: Currently, the market does not have any clear expectations of the Renminbi appreciating or depreciating. The foreign exchange market trading is rational and orderly.

Li Bin, Deputy Director of the State Administration of Foreign Exchange and spokesperson, stated at the press conference of the State Council Information Office on July 22 that the foreign exchange market is expected to remain stable. Looking at indicators such as forward and option markets, there is no clear expectation of appreciation or depreciation of the renminbi in the current market, and market trading is rational and orderly. Overall, there is no irrational buying or selling behavior.