In recent years , as the impact of china economy on the world economy has grown , both the level of rmb exchange rate and the formation mechanism reform have become the focus of the world 近年来,随着中国经济对世界经济影响的日益增大,人民币汇率水平的演进趋势和汇率形成机制的改革方向成为国际及国内社会关注的焦点。
In april and july of 2005 , after the performance of stock authority ’ s separately - placement and reform on currency rate forming mechanism , there is a growing voice for establishing the financial derivatives market 2005年4月和7月股权分置改革和人民币汇率形成机制改革相继推出后,建立金融衍生工具市场的呼声更是日涨。
As an important component part of foreign exchange management , authenticity management of current account has a close connection with rmb convertibility and reform of exchange rate forming mechanism 摘要经常项目外汇真实性管理作为我国外汇管理重要组成部分，与人民币逐步可兑换和当前我国汇率形成机制改革有着密切的联系。
Significant progress was made in introducing a shareholding system in state - owned commercial banks and in reforming rural credit cooperatives . reform of the shareholder structure of listed companies made steady progress 国有商业银行股份制改革和农村信用社改革取得重要进展，上市公司股权分置改革稳步推进，完善人民币汇率形成机制改革顺利实施。
The change to the new regime had not induced speculative inflows into the hong kong dollar , helped by the three refinements to the linked exchange rate system which had better anchored exchange rate expectations on the strong side 联系汇率制度的三项优化措施巩固了市场对港元汇率偏强的预期，因此新的人民币汇率形成机制并未引发投机资金流入港元。
Now that the changes to the renminbi exchange rate regime have been introduced and the exchange rate does move around somewhat , the need for those having a day - to - day operational exposure to the renminbi to hedge against exchange risk has been brought to the fore 现在人民币汇率形成机制的改革措施已经推出，汇率亦有若干变动，对于日常业务涉及人民币的人士来说，对冲汇率风险的需要已变得重要。
