Group 1 - The core judgment presented by Huang Qifan at the Shenzhen Financial Annual Conference is that the RMB will gradually appreciate from 7.0 to around 6.0 over the next decade, emphasizing a steady appreciation rather than a rapid increase [2] - Huang's argument is based on the growth of China's economic strength, but it diverges from the economic fundamentals that underpin exchange rates, as evidenced by the low percentage of RMB in global settlements, which is only 2.88% compared to a projected 30% based on economic strength [2] - The article highlights that while there is a possibility for the RMB to appreciate to 6.0 in the next ten years, Huang's reasoning is seen as lacking in economic common sense, with public sentiment favoring trust in Huang over economic principles [2] Group 2 - The article outlines three essential support points for international credit: the absolute stability of the issuing country's sovereign credit, which includes the absence of debt default risk and political stability [4] - The first support point is cross-border settlement and reserve ratio, with the average international payment share of RMB over the past decade being 3.2%, which does not support predictions of RMB appreciation [4] - The second support point discusses the asset hedging property, questioning which currency, RMB or USD, would be a stronger safe haven in the event of regional conflicts [6] - The third support point addresses the long-term stability of the currency value, emphasizing the need for stability against external fluctuations and internal purchasing power, as instability undermines trust in future value [6]
十年后人民币兑美元多少钱?
Sou Hu Cai Jing·2026-01-15 06:11