Group 1 - The offshore RMB exchange rate rose to 7.1173, marking the first time it has surpassed 7.12 since November 6, 2024, and reaching a nearly 10-month high, closing at 7.1209 with an increase of 314 points [1] - The onshore RMB against the USD closed at 7.1306, up 194 basis points from the previous trading day [3] - The People's Bank of China and the Reserve Bank of New Zealand renewed a bilateral currency swap agreement worth 250 billion RMB, effective for five years, aimed at enhancing financial cooperation and stabilizing the financial market [4] Group 2 - Recent RMB strength is driven by three factors, including the adjustment of the RMB central parity rate, which has shifted from a discount to a premium of 400-500 basis points against the onshore market [5] - It is anticipated that the RMB exchange rate may return to the "6 era" if the central bank continues to implement market-based policies, potentially increasing the attractiveness of Chinese assets [5] - The monetary policy report suggests a focus on improving interest rate regulation and reducing financing costs, with expectations of possible interest rate cuts and reserve requirement ratio reductions in the fourth quarter [5][6]
人民币，大涨超300点！LPR四季度下调？
Sou Hu Cai Jing·2025-08-29 04:23