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on the news

the rmb exchange rate has soared! the offshore rmb exchange rate broke through the 7 mark, falling from 7.32 at the end of june to 6.98 last friday, an appreciation of 3%.

moreover, as the u.s. dollar enters an interest rate cutting cycle, interest rates may drop below 3% in the future, and the appreciation momentum of the rmb does not seem to change. the target for the exchange rate is at least 6.5, which means that our rmb exchange rate still has 10% room for appreciation.

now in the foreign exchange market, bullish sentiment on the rmb is very strong, and the market's adaptability has also been greatly enhanced. it is predicted that the rmb exchange rate is likely to continue to remain at a reasonable and balanced level.

the previously accumulated demand for foreign exchange settlement will continue to be released, and the rmb exchange rate may still have room to appreciate after "breaking 7". entering the second half of the year, as the u.s. dollar index gradually weakened, the federal reserve began to cut interest rates, and the change in monetary policy allowed the rmb exchange rate to strengthen again.

1. shareholders of more than 50 a-share listed companies are preparing to reduce their holdings.