人民币发行机制锚定电力?,今后将大幅升值,普通人有机会吗?
Sou Hu Cai Jing·2026-01-25 12:17

Group 1 - The recent strengthening of the RMB to an offshore price of 6.97 is attributed to a shift in the currency issuance method, moving from reliance on export earnings to purchasing government bonds for liquidity management [1][3] - The People's Bank of China (PBOC) has transitioned to buying and selling government bonds in the secondary market, maintaining its independence and avoiding direct money printing for government spending, indicating an upgrade in regulatory tools [3][8] - The RMB's appreciation is expected to continue, driven by a decline in confidence in the USD due to issues within the US economy, while China's exports remain strong, with a trade surplus exceeding $1 trillion last year [5][8] Group 2 - The appreciation of the RMB has mixed effects; it makes imports cheaper but poses challenges for export-oriented businesses, particularly those with thin profit margins [6] - Companies are advised to use forward foreign exchange contracts to hedge against currency fluctuations, rather than speculating on exchange rates [6] - The PBOC's current monetary policy is more robust, avoiding reliance on a single issuance model and not engaging in fiscal deficit monetization, reflecting a structural change in the economy [8]