The Pace Of Devaluation Begins To Accelerate And Panic Spreads.

In today's International Symposium of the international financial center of the Ministry of finance, the fluctuation of RMB exchange rate has also become the focus of attention of experts.

Guan Tao, senior researcher of China's financial forty person forum: as an international currency, it is very normal to have a rise or fall. Recently, the RMB exchange rate fluctuated in the framework of the new exchange rate mechanism. As a result of the strength of the US dollar, we actually saw the situation of the bilateral RMB in October 14th as of last Friday.

The renminbi has been adjusted by about 0.6% against the US dollar, but the multilateral exchange rate of RMB has appreciated. This means that the adjustment of RMB has not been fully adjusted according to the trend of the US dollar, and some measures have been adopted.

Who is the real murderer of RMB fluctuations? The recent fourth devaluation of RMB since the National Day (August 2015, January 2016, 2016 5-8, 2016 National Day) triggers the following factors:

Over the past 2014-2015 years, the overvalued part of the renminbi is still being revised in a gradual way.

The Fed's rate hike is expected to raise the US dollar index to 98 again, and the market is worried about the inflection point of global liquidity.

Domestic real estate regulation has increased the downward pressure on the economy and caused residents to increase their willingness to deploy foreign assets under the expectation of depreciation.

The closing of the US presidential election and the inclusion of SDR and G20 provided a window of time.

Where is the biggest opportunity in the future?

Where are the biggest opportunities in the 5 broad categories of RMB, US dollar, gold, real estate and equity? Liu Xiaobo, a well-known financial personage, gives his view:

1, in the next 10 years, the biggest opportunities and the greatest risks are in equity investment.

The opportunity to gain thousands of times and hundreds of times in 10 years can be found in equity investment.

But this probability is very small, not 1/10000.

Therefore, it is basically not suitable for ordinary people.

2. In the two tier market.

High returns and high risks.

After the registration system is implemented, the survival pressure of retail investors will be greater, because there are too many stocks and too much information.

For most people, I am afraid they should still pay the money to the fund.

3, the US dollar is opening a new round of interest rate raising cycles, which is relatively strong.

But in the long run, as a paper currency, it has no gold.

4. The best in the world in the past 10 years.

It's the property of big cities in China, but not necessarily in the next 10 years.

5, in the end, technological progress (such as VR, personal aircrafts, driverless technology and car sharing) will definitely change the face of the city and the value of its housing.

Many analysts now expect the renminbi to depreciate in the future.

However, whether or not to fall or not, how to not change money into paper is the most important thing at present.

What will be the impact of your assets? If you purchase treasury bonds, RMB bank financing or other fixed income products, it has nothing to do with the international market.

If you are a shareholder, be careful.

Historically, the trend of RMB and A shares is highly correlated.

If the renminbi depreciates in the near future, the A share market may be under pressure.

In terms of industry sectors, the financial and real estate industries tend to be hit most deeply.

If you hold the assets of the US dollar or the US dollar, you can pay close attention to it and continue to hold it.

Because with the decline of the RMB exchange rate, the easing of the global central bank and the beginning of the appreciation cycle of the dollar, it will further consolidate the strong position of the US dollar.