Expert: RMB Unilateral Appreciation Breaking

The two-way fluctuation of RMB P will intensify, and the unilateral strong appreciation expectation will be gradually broken.

At a time when foreign exchange reserves are not far from US $four trillion, it is time to vigorously promote "remittance to the people".

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< p > < < a href= > http://www.91se91.com/news/index_cj.asp > Tibet Hui Min > /a > is an old proposition. It means not only domestic residents holding foreign exchange deposits, but also enterprises and individuals who have the channels to purchase foreign exchange financial products and direct investment abroad.

It is also a "false proposition". In the context of unilateral strong appreciation of the renminbi, holding foreign exchange, such as the dollar, is undoubtedly a losing proposition.

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< p > without any other hedging tools, the more you simply hold, the more you will lose.

The market determines the flow of funds, and refusing or reducing US dollar assets is the right choice.

If you do not see so many RMB in overseas, you will try every means to get through the way back to the mainland, and enjoy the double advantages of the difference between benefit and RMB.

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< p > of course, there are other handicap factors.

For example, the amount of residents holding foreign exchange is small, and the current foreign exchange policy allows only residents to exchange foreign exchange for 50 thousand dollars a year.

Again, overseas investment channels are only QDII and products are limited. In addition, the QDII overseas investment performance in previous years is not satisfactory. The wealth effect is "pit father".

While domestic a href= "http://www.91se91.com/news/index_cj.asp" > financial products /a > market surging, investors can enjoy risk-free income, QDII products are virtually labelled with a poor investment income and unsafe market labels.

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Less than P, for a while.

When the a href= "http://www.91se91.com/news/index_cj.asp" > /a > exchange rate is very close to the equilibrium interest rate, the fluctuation of the RMB exchange rate and the increase of two-way volatility also mean that the better opportunity to accumulate funds for the people is coming.

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< p > overall, we should further relax control over the use of private foreign exchange funds and raise the amount of residents' remittance.

Active domestic foreign exchange financial market, introducing multi-level market trading entities, enriching the currencies of foreign exchange and foreign currency, actively launching various foreign exchange products, and expanding investment channels for residents to hold foreign exchange.

For QDII, we should continue to strongly support its development.

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< p > from a certain point of view, the strength of supporting QDII should be greater than that of supporting QFII.

When the market develops to a certain degree and time, it allows domestic residents to have larger foreign exchange assets each year under capital account, such as converting 300 thousand to 800 thousand US dollars.

Until fully allowing residents to invest freely in overseas markets, profits and losses are conceited.

We should intensify our efforts to popularize foreign exchange expertise and reduce unnecessary worries about foreign exchange holdings and investments.

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< p > encourage Chinese enterprises to go out in all kinds of ways. The government should support more efforts to create a better external investment environment and help Chinese enterprises expand their market and acquisition projects overseas.

Just imagine, if we expect RMB assets to be in a bubble overvaluation, can they turn to invest in those assets which are relatively undervalued in different overseas markets? Is it not the right choice? Li Jiacheng and other big developers sell property in the mainland and Hongkong and invest in Britain. Is that so? < /p >