On May 31, the central bank announced that it would raise the reserve ratio of foreign exchange deposits of financial institutions from 5% to 7%, and on June 2, SAFE issued a one-time quota of US$10.3 billion to 17 qualified domestic institutional investors. What kind of signals do the central bank and the foreign exchange bureau reveal by the heavy intervention in the foreign exchange market? How will the RMB trend in the coming period? In the context of the double cycle, how to view the global asset allocation of the renminbi? Today's Chief Countermeasures interviews Chen Dong, Executive Director of Pictet Switzerland and senior economist in Asia.
![Chen Dongsheng: An irresistible logic is that people are reluctant to have children[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)