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the rmb exchange rate has risen sharply! on september 3, six major news in the early morning of this morning continued to ferment!

2024-09-03

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1. rmb exchange rate surged! the offshore rmb/usd exchange rate once broke through 7.09, rising by nearly 300 basis points within the month.

as the bells of september ring, the rebound of the us dollar index and the appreciation of the offshore rmb exchange rate last week have become hot topics in the financial world. enterprises have chosen to settle foreign exchange. the reason behind this is, of course, that the fed is getting closer to cutting interest rates.

if the fed really cuts interest rates by 100 basis points this year, the advantage of the us dollar over the rmb will be gone. the risk of depreciation will greatly reduce the profits of many companies. after all, the annual interest rate of the us dollar is only 3.5%, while the rmb exchange rate can appreciate by 10% in a quarter. such exchange rate changes are undoubtedly a long-term benefit to the a-share market.

2. the traditional chinese medicine industry presents a clear pattern of "the strong get stronger", with the net profits of six leading companies in the first half of the year accounting for half of the profits of the entire a-share traditional chinese medicine sector.

in the first half of the year, 72 listed companies in the traditional chinese medicine industry achieved a total operating income of 189.434 billion yuan, and the net profit attributable to parent company shareholders reached approximately 23.006 billion yuan.