The People's Bank of China's (PBOC) Monetary Policy Committee released a press release that showed notable changes in the expression regarding the exchange rate after the 4Q24 regular meeting, Chinese official media outlet Financial News reported.Compared to that from the regular meeting in 3Q24, the press release this time conveyed a clearer and stronger signal for stabilizing the exchange rate. It removed the expression of enhancing exchange rate flexibility and instead emphasized strengthening market management, dealing with behaviors that disrupt market order, preventing the formation of unilateral consensus expectations and self-fulfillment, and guarding against exchange rate overshooting risks. Additionally, it demonstrated the PBOC's firm determination to maintain RMB exchange rate stability, while serving as an important basis for judging the future direction of exchange rate policy, which is conducive to stabilizing foreign exchange market expectations.Related NewsCN SOE Total Operating Revenues, Total Profits Up 1.3%, 0.4% YoY in 2024USD/ CNH rose by about 100 bps this morning, recovering to the 7.35 level. Today's central parity of USD/ RMB last printed at 7.1876, up by 2 bps.