The Issue Of RMB Exchange Rate Has Attracted Much Attention.

RMB

The recent fluctuations are very, very large.

On the first day of the new year, the offshore renminbi depreciated 600 points at a time. After another day, it also demoted 800 basis points, and three days fell 2% or so, which was very frightening.

But on the 11 of this month, offshore renminbi rose by 1000 basis points, basically recovering land lost.

On the 13, offshore renminbi declined slightly against the US dollar.

Since 2005, China has introduced foreign exchange reform. In the past 10 years, the RMB has maintained a strong upward trend, and the appreciation of RMB has risen by 38%. The increase is also quite large.

Before New Year's day, water skin and original country

Guan Tao, director of the balance of Payments Division, has had an exchange of RMB trends. Guan Tao should be very authoritative and rigorous in this regard. Under repeated inducement, Guan Tao believes that the long-term trend of RMB will be better in the next three to five years.

In turn, to understand Guan Tao's words, that is, short-term RMB devaluation pressure.

From abroad, the Fed raised interest rates, resulting in the return of the dollar, there may also be multiple interest rates hike, the interest rate cycle may continue for three to five years.

From the domestic perspective, foreign exchange reserves have declined, demand for the US dollar has increased, and demand for RMB has been decreasing, so that the renminbi will depreciate.

In China, there are too many ministers of private organizations. As long as the stock market fluctuates, some people will arrange a place for the chairman of the SFC. This is a joke.

The position of the chairman of the SFC is a crater, which is hard to please. If the stock market rises, it will not be Penny divided by the SFC. If the stock market falls, it will be scolded.

Before the Spring Festival in 2014, Shui Po took part in a seminar organized by Chairman Xiao. It was concerned about the issue of new shares. Water skin also made recommendations to the system at that time. It was unreasonable for the old stock to participate in the over subscription, and it was easy to cause over raising. Chairman Xiao Gang was willing to accept everyone's suggestions and made adjustments after that.

Xiao Gang has done a lot of things since he became chairman of the SFC.

After Xiao Gang took office, the new shares were reissued, and the securities law was promoted and revised. Of course, the registration system is now under implementation under the leadership of the State Council.

In fact, the implementation of registration system is a revolution for the SFC itself. It will change its own life, cancel its own examination and approval authority, abstain from its own rights, and it will also be entitled to the people and to the market.

This is a correct direction, and it is also an improvement. However, the implementation of registration system will certainly accompany large quantities of IPO. Vulnerable A shares can not be accepted. This is a big problem.

There is a certain degree of depreciation, that is, compared with the US dollar, we must grasp it well.

For people with high net worth, cash assets of around 10 million people should be allocated about 20% of foreign exchange assets, including overseas investment in real estate.

Of course, there are still many restrictions on foreign exchange in China. Now, the highest rate can be changed to 50 thousand dollars per person per year. This figure can only be regarded as consumption, and it is still difficult to invest.

In this case, we can do some trading between US stocks and Hong Kong stocks.

Especially the Hong Kong stock, because the Hong Kong dollar is linked to the US dollar and the fixed exchange rate.

The US dollar rose and Hong Kong dollar also rose. The US dollar rose two points against the renminbi, which means that Hong Kong dollar rose two points against the renminbi.

In this way, under the expectation of RMB depreciation, Hong Kong stocks enjoy the advantage of foreign currency appreciation and get a bad interest rate.