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the rmb has appreciated greatly! six major news this morning continue to ferment!

2024-08-29

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1. the fed is about to cut interest rates, and expectations of rmb appreciation are increasing! 7.1 trillion yuan of funds are preparing to embark on their journey home and flow back to china.

the rmb is entering a critical window period. if the americans really press the button to cut interest rates, domestic companies may sell up to $1 trillion in us dollar assets, which may cause the rmb to appreciate by 10%.

so, what makes these $1 trillion of "conservative" funds so excited and ready to flow back? the answer is simple: the fed's september rate cut is almost certain. once the rate cut is realized, the attractiveness of us dollar assets will be greatly reduced, and the interest rate gap between china and the united states is gradually narrowing, which undoubtedly provides a strong reason for the capital to flow back.

2. under the impact of the "price reduction wave", the catering industry's revenue increased in the first half of the year, but profits were difficult to grow at the same time.

in the first six months of this year, some leading companies in the catering industry faced a decline in profits. for example, xi'an catering's net profit attributable to the parent company reached a loss of 59.6463 million yuan, a larger loss than the same period last year; while guangzhou restaurant's net profit attributable to the parent company in the first half of the year was 55.7396 million yuan, a year-on-year decline of 30.37%.