According to Jinshi report, Zhang Xiaohui, vice president of the China Society for Finance and Banking, said at the Boao Forum for Asia 2024 Annual Conference that while promoting the opening of the foreign exchange market, attention should be paid to adhering to and relying on the two basic conditions. First, the ratio of foreign debt to GDP cannot be imbalanced and needs to be controlled at a reasonable level. In this round of interest rate hikes by major developed economies, Asian economies have not experienced the severe impact of capital outflows that the market is worried about. One of the reasons is that Asian economies have absorbed the lessons of the Asian financial crisis and reduced the proportion of foreign debt in GDP. Second, the international balance of payments must be generally balanced, especially the ratio of current account surplus to GDP should be maintained within the internationally recognized level of 4%.