宋清辉：中国经济向好预期增强，为人民币走强提供了坚实底层支撑

Group 1 - The core viewpoint is that multiple favorable factors are supporting the appreciation of the Renminbi, including improved macroeconomic data and increased foreign capital inflow into Chinese assets [1][3][4] - The Chinese economy is showing resilience due to the effectiveness of counter-cyclical adjustment policies, which enhances expectations for economic improvement and provides solid support for the Renminbi [1][4] - The year-end and early-year peak in corporate foreign exchange settlement activity is driving the Renminbi's appreciation against the US dollar [1][4][8] Group 2 - The recent softening of the US dollar index, which has dropped from high levels, is a significant factor contributing to the Renminbi's strength [5][6] - The A-share and Hong Kong stock markets have both started the year positively, attracting long-term foreign investment, which further benefits the Renminbi [1][3][4] - The expectation of further interest rate cuts by the Federal Reserve is influencing market sentiment and contributing to the Renminbi's appreciation [5][6] Group 3 - The Renminbi's central parity rate has reached a 15-month high, with the onshore and offshore rates also showing significant appreciation [3][6] - The recent geopolitical tensions, such as the US military action in Venezuela, have increased global risk aversion, leading to a rise in demand for safe-haven assets, including the Renminbi [7][8] - Analysts predict that the Renminbi will continue to appreciate in the short term, with potential fluctuations between 6.85 and 7.1 against the US dollar [8]