Exchange Rate Soared &Nbsp; Central Bank Or Drainage Response.

In August 11th, the central parity of the RMB against the US dollar increased again by 176 basis points, which was 6.3991 yuan. Foreign exchange reform The new high. In addition to the first three trading days of this week, the RMB exchange rate has jumped more than 300 basis points this week, and the acceleration of appreciation is obvious.

Yi Xianrong, a researcher at the Financial Research Institute of the Chinese Academy of Social Sciences, told Guangdong radio's investment express: "the recent acceleration of RMB appreciation is mainly the result of marketization. A limited accelerated appreciation is conducive to controlling imported inflation caused by currency depreciation in Europe and the United States. Because of the recent turmoil in the international financial market and the pressure of the depreciation of the US dollar, the appreciation trend of the RMB against the US dollar will not change in the future. " He also pointed out that the exchange rate appreciation within 5% per year will bring pressure to the export oriented industries such as exports, but the negative effects can still be digested.

On Thursday, the Asia Pacific market represented by China was significantly stronger than Europe and the United States. equity market The Shanghai Composite Index closed up 32.33 points, an increase of 1.27%, Shenzhen's index rose 177.91 points, an increase of 1.55%, the transaction has also maintained a more active level. In view of the fact that the Asia Pacific stock market is out of the independent market, Zhao Xijun, deputy director of the Institute of Finance and securities of Renmin University of China, believes that the current financial situation of the Asia Pacific countries (except Japan) is generally relatively stable, especially in some emerging market countries, and the deficit is well controlled. "Compared to the United States and the United Kingdom, the Asia Pacific economy is relatively small and has recovered relatively quickly."

With the aggravation of financial turmoil in European and American countries and A shares able to achieve stability The expectation of "central bank monetary policy or directional easing" has begun to heat up. It is reported that the annual meeting of the financial regulatory authorities has been convened recently. The information from the conference shows that the monetary policy in the future is hard to relax as a whole. But with inflation likely to peaked, monetary policy or appropriate fine-tuning in the second half of the year will adopt a "directional easing" approach, appropriately relax restrictions on financing conditions, and give financing policies to agriculture, rural areas, small and medium enterprises and affordable housing.

According to press reports, the social security fund does exist in the near future. Scale in A shares action, the first few days of panic on the market came to the real estate plate related to this. A senior public fund manager told this newspaper that social security is a reasonable choice in panic, which also helps to resolve the fear generated by external factors in recent days.