On the evening of the 24th, the USDCNH was breaking through the 7.02 mark and reaching a high of 7.0197, with a maximum increase of over 400 points during the day. Just today, measures such as reducing reserve ratio, interest rate and stock mortgage interest rate ignited the performance of RMB assets. Pan Gongsheng, President of the People's Bank of China, also focused on responding to the market's concern about the trend of RMB exchange rate. Pan Gongsheng said The 50 basis point rate cut by the Federal Reserve is the first rate cut in the past few years after a cycle of rate hikes, the momentum for US dollar appreciation weakens. With the convergence of domestic and international monetary policy cycle differences, the external pressure on the basic stability of the RMB exchange rate has significantly eased. We insist on keeping a bullish view on the RMB. In the short term, there is still a need for companies to queue up for foreign exchange settlement, and the RMB still has significant room for appreciation,. I believe that soon, the USDCNH will break 7.