It Is Estimated That Capital Inflow Will Increase And The RMB Exchange Rate Will Rise.

The RMB exchange rate has been rising for a week in a week as it is expected that mainland China will attract more capital inflows due to the interconnection of Hongkong and Shanghai stock exchanges in October.

The monthly report shows that China's manufacturing industry will grow at a faster rate in September, which will increase the RMB exchange rate.

The yuan and the won are the two only two currencies in Asian currencies this week.

Andy Ji, a strategist at Commonwealth of Australia bank in Singapore, said: "the RMB exchange rate is directly affected by the more inflow of funds that may result from the Shanghai Hongkong stock exchange, and the RMB is becoming more and more internationalized."

Price shows: RMB to us dollar.

It rose by 0.11% to 1 yuan per 6.1352 yuan.

The trading price of spot exchange rate exceeds the daily requirement of 2% below the central bank.

This week the reference rate will be reduced by 0.09% to 1 yuan per 6.1508 yuan.

This data is still more than 0.2% of the data at the end of 8.

Bloomberg JP Morgan Asia currency index has fallen 0.2% since September 19th, which is the fourth consecutive week of decline.

Andy Ji continued: "the revision of the reference rate is very neutral. The market does not care much about the PBC's handling of the corresponding weaknesses in order to meet the overall performance of Asia."

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The World Bank Financial Telecommunication Association (SWIFT) released the latest RMB tracking report, which shows that the value of global Renminbi payment has increased two times in the past two years.

SWIFT data show that the renminbi ranks seventh in the world's main payment currencies, accounting for 1.64% of the global payment rate, up 1.57% from July 2014.

The value of global Renminbi payment declined by 6% in August 2014 and all currencies fell by 10%, mainly due to the decline in seasonal payment activities.

In addition, the global financial institutions that use Renminbi to pay to mainland China and Hongkong have increased by 35%, indicating that the renminbi has been widely supported worldwide as a payment currency.

SWIFT's tracking data show that more than 1/3 of the world's financial institutions have adopted Renminbi as the payment currency for the mainland and Hongkong.

Nearly 40% of Asia's applications were ahead of the rest of the world, compared with 22% in 2012.

America followed closely with 32% of its application rate, and increased by 44% in the same period.

After the Americas, the European region with an increase rate of 47% has reached 31%.

The application rate in the Middle East and Africa was 26%, an increase of 83% over the same period.

StephenGilderdale, director of SWIFT's new business development department, said: "the adoption of more financial institutions around the world will make RMB more universal in China's Hongkong, the mainland and other offshore centers.

This growth trend will bring new opportunities for the development of products and services in Renminbi.

These new products and services will help to promote wider use of RMB and improve the efficiency of RMB management.