RMB Has Stabilized Since 2016.

The Central Bank of China raised the central parity of RMB against the US dollar to 6.4616 yuan, while the Zhou Yipeng Bo CFETS index fell below 98.

Overall, the renminbi has been stabilizing since 2016.

Andrew Fennell, Fitch's sovereign business director, said at a meeting in Shanghai on Tuesday that China's economy will not be hard landing and the renminbi will not depreciate significantly.

With the outside world

Confidence is stabilizing, and the Yuan's expected price volatility index has dropped to its lowest level in nearly five months.

Recently, some of China's economic indicators have shown signs of improvement, such as the decline in the price of manufactured goods (PPI), the increase in foreign exchange reserves and the expansion of manufacturing activities.

According to CCTV reports, Premier Li Keqiang said the downward pressure on economic operation is still relatively large. To maintain a reasonable economic operation, we must continue to promote structural reforms, especially supply.

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Cliff Tan, head of global market research at MITSUBISHI Union Bank in Tokyo, said those options traders who bet on the depreciation of the renminbi were disappointed. They may be holding back.

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Andy Ji, a foreign exchange strategist and economist at Commonwealth of Australia bank in Singapore, said the recent economic data show that China's economy has already passed the most difficult period thanks to a series of monetary and fiscal stimulus measures, and that the growth of future activities will pick up or further enhance confidence in the people's currency.

According to Peng Bo compiled data, as of 12:20 Shanghai time, the implied volatility of RMB in 1 months fell by 9 basis points to the lowest 4.41% in November.

According to the China foreign exchange trading center, the onshore RMB stopped three consecutive liters, slipped 0.14%, and reported 1 yuan to 6.4670 yuan.

The offshore renminbi in Hongkong fell 0.1%, to 1 yuan to 6.4757 yuan.