人民币汇率大涨，突破7.2！A50直线拉升

Core Viewpoint - The article discusses the recent fluctuations in the offshore RMB exchange rate against the US dollar, highlighting the stability of the RMB and the positive outlook for cross-border RMB transactions due to ongoing economic cooperation initiatives. Group 1: RMB Exchange Rate Fluctuations - As of May 5, the offshore RMB broke the 7.20 mark against the US dollar for the first time since November of the previous year, with an intraday increase of over 130 points [1] - The New Taiwan dollar also saw significant appreciation, with the USD/TWD exchange rate dropping below 30, marking a 3.95% decline, the highest since February 8, 2023 [3] - The FTSE China A50 index futures rose by 0.57%, while the US dollar index fell to 99.66 [5] Group 2: Stability of RMB Exchange Rate - According to Guo Tao, Chief Economist at Zhongyin Securities, the RMB exchange rate has a solid foundation for stability, supported by domestic economic recovery and various positive factors [8] - The People's Bank of China (PBOC) has emphasized its commitment to maintaining the RMB exchange rate at a reasonable and balanced level, with a robust foreign exchange reserve of $3 trillion enhancing its ability to stabilize the currency [8][9] - The PBOC has taken multiple measures to ensure exchange rate stability, including addressing market behaviors that disrupt order and preventing excessive fluctuations [13] Group 3: Cross-Border RMB Business Growth - The cross-border RMB business has seen significant growth, with transactions between China and Malaysia reaching 1,020 billion RMB in Q1, a 27% year-on-year increase, and transactions with Cambodia growing by 45% [15] - The increase in cross-border RMB usage reflects deeper monetary sovereignty and industrial trust between China and its trade partners [15][16] - The RMB is forming a new model of trade dominance within the RCEP framework, enhancing trade efficiency and local asset reserve attributes in the Asia-Pacific region [16]