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المشهد العربي
China urges companies to hedge currency risk
The Foreign Exchange Market Regulatory Authority in China has directed banks to strengthen companies' efforts to hedge against currency fluctuation risks, aiming to protect the export sector from losses due to the yuan's ongoing appreciation against the dollar. Sources indicated that the directives include providing partial or full financial support for the premium costs of currency option contracts for companies increasing their use of hedging mechanisms, especially as the yuan has risen by 4.3% since the beginning of the year, leading to heightened demand for financial derivatives to mitigate market risks.
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