China's central bank cuts FX risk reserve ratio to zero

China's central bank announced on Friday that it will cut the foreign exchange (FX) risk reserve ratio for forwards trading to zero, in a move to bolster the development of the foreign exchange market.

The reserve requirement will be lowered from 20 percent to 0, effective from March 2, 2026, according to a statement from the People's Bank of China (PBOC).

The adjustment is aimed at supporting enterprises in their management of exchange rate risks, the PBOC said.

The bank added that it will continue to guide financial institutions to optimize currency risk hedging services for enterprises, in an effort to keep the Chinese yuan exchange rate generally stable at an adaptive and equilibrium level.

China's central bank cuts FX risk reserve ratio to zero

China's central bank cuts FX risk reserve ratio to zero

China's central bank cuts FX risk reserve ratio to zero

The trilateral negotiations among Russia, the United States and Ukraine, aimed at ending the prolonged Russia-Ukraine conflict, are currently at a standstill, Russia’s military intelligence chief Igor Kostyukov said on Wednesday.

Also on Wednesday, Ukrainian President Volodymyr Zelensky indicated that he was open to a ceasefire with Russia, but said that he did not foresee progress in negotiations until the conflict in Iran is "closed" or a fundamental ceasefire is reached among the United States, Israel, and Iran.

In 2026, delegations from Russia, the United States and Ukraine have held three rounds of peace talks, with the first two taking place in Abu Dhabi on Jan. 23-24 and on Feb. 4-5, and the last one in Geneva on Feb. 17-18.

Trilateral talks on ending Ukraine crisis at standstill: Russian intelligence chief