Group 1 - The recent appreciation of the RMB has reached a 14-month high, with expectations of breaking the "7" level soon due to strong economic data and increased willingness of exporters to settle in RMB [1][2] - China's current account surplus is substantial, reaching $600 billion, which supports the positive outlook for the economy and the RMB's strength [2] - The People's Bank of China is managing market expectations through the RMB central parity rate and adjusting the interest rates in the swap market to influence foreign capital inflows [2][3] Group 2 - The central economic work conference emphasizes the importance of domestic demand, which could support the RMB's appreciation if policies are effectively implemented to reverse weak domestic demand and low credit needs [3] - Short-term RMB appreciation may boost stock market performance, with a historical correlation indicating that a 0.1% increase in exchange rate could lead to a 3%-5% rise in stock valuations [3] - The appreciation of the RMB may increase the cost of currency exchange for cross-border investments, potentially affecting the returns on investments in Hong Kong stocks and other cross-border financial products [3]
人民币破“7”在望 影响几何？
Zheng Quan Shi Bao·2025-12-24 09:37