Manager Lee

[Hunan Huaxia Operation Center] Manager Li
Hunan Huaxia Commodity Trading Market (hereinafter referred to as Huaxia Commodity) is located in Changsha, an ancient city on the bank of the Xiangjiang River with a rich history and outstanding people. The company was registered in Changsha in March. According to the Hunan Provincial People's Government's "Several Opinions on Supporting the Reform and Construction of the Changzhutan Urban Agglomeration Two-Oriented Society Demonstration Zone", it encourages financial market innovation, supports the demonstration zone to promote the construction of over-the-counter trading markets, and establishes trading venues for bulk advantageous products. A comprehensive commodity spot trading market based on the spirit of the document and approved by the Hunan Provincial Leading Group Office for Cleaning and Rectifying Various Trading Places.
The full name of [Hunan Huaxia] is [Hunan Huaxia Commodity Trading Market]. The varieties include silver, crude oil, copper, aluminum, etc., which are relatively complete and have many specifications. Provincial approval, bank three-party custody, fund guarantee, Jinwang Antai system is stable.
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At the same time, my country’s foreign exchange management has been further streamlined and decentralized, and the reform of the foreign exchange system has been deepened. In recent years, while my country has steadily promoted the convertibility of RMB capital accounts, it has also continuously improved the supervision of cross-border capital flows and adopted macro-prudential policy tools and market-oriented adjustment methods to effectively prevent abnormal cross-border capital flows. In addition, the State Administration of Foreign Exchange has further streamlined administration and delegated powers, supported various financial institutions to more conveniently enter the inter-bank foreign exchange market, and continued to promote the establishment of a management framework that parallels government supervision and market self-discipline. In August 2019, the State Administration of Foreign Exchange announced that it would relax the admission policy for the inter-bank foreign exchange market, cancel the prior qualification license, allow qualified currency brokerage companies to carry out relevant businesses in the inter-bank foreign exchange market, and expand the number of participants in the foreign exchange market.
Since the exchange rate reform, the fluctuation of the RMB exchange rate against the US dollar has been gradually liberalized. The substantial expansion of the exchange rate floating range reflects that exchange rate reform is accelerating and the market's influence on prices has increased significantly. Zhao Qingming, a visiting professor at the School of Finance at the University of International Business and Economics, said in an interview with this reporter that the central bank's expansion of the RMB exchange rate volatility was launched against the background of certain differences in market expectations for the trend of the RMB exchange rate and the slowdown in capital inflows, which is conducive to the promotion of the RMB exchange rate. The exchange rate has formed a situation of two-way fluctuations and increased flexibility, which has enhanced the market's influence on the exchange rate.