Core Viewpoint - The Chinese financial market has demonstrated resilience against external shocks this year, exhibiting a "dual rise" in both stock and currency markets, with optimism surrounding the RMB's rebound and future exchange rate trends [1] Group 1: Financial Market Performance - The Chinese financial market has withstood high-intensity external shocks, resulting in a "dual rise" in stock and currency markets [1] - The RMB has stopped declining and is showing signs of recovery, leading to a generally optimistic outlook for the exchange rate in the coming year [1] Group 2: Future Outlook and Strategy - There is a prevailing sentiment regarding the re-evaluation of the RMB, with discussions around breaking the 7 mark and entering a new economic cycle [1] - In the context of the 14th Five-Year Plan, the market faces both strategic opportunities and challenges, with increasing uncertainty [1] - Instead of betting on a new economic cycle, it is suggested to adapt to the new normal of dual-directional fluctuations in the exchange rate [1]
中银证券管涛:今年股汇双升,应适应汇率双向波动