The USD/offshore RMB fluctuated and fell nearly after opening80spot

Huitong Network3month6Daily News - Monday(3month6day)According to data from the People's Bank of China, the central parity rate between the Chinese yuan and the US dollar is reported6.8790Yuan, up from the previous day106Point, the adjustment amplitude is0.15%, achieving the largest increase in over a week. since1Since the end of the month, the central parity rate of the Chinese yuan has been consistently high6.8-6.9The range fluctuates slightly. In response, Yi Gang, Vice Governor of the People's Bank of China, stated that the RMB exchange rate is a clean exchange rate(That is, completely free floating)There is no schedule. Regarding the view of the RMB exchange rate, Yi Gang stated that the exchange rate has also been quite stable recently.

RMB central parity rate increase106Point, achieving the largest increase in over a week

Institutional perspective

Yi Gang, a member of the National Committee of the Chinese People's Political Consultative Conference and Vice Governor of the People's Bank of China, stated that the stable position of the renminbi has significantly increased in the past decade and will continue to maintain this trend in the future. That is, it is highly credible and has elasticity towards major currencies, but overall stability. With the improvement of China's comprehensive national strength, especially labor productivity, the future trend of the renminbi will remain stable and relatively strong. He also stated that comprehensive policies will be implemented in areas such as land supply, law, taxation, and bank credit to maintain stable and healthy development of the real estate market.

UBS Group's Chief Economist in China, Wang Tao, stated that the central bank has added a "neutral" statement on the basis of its previous "prudent" monetary policy, coupled with decision-makers pushing for financial deleveraging and domestic inflation expectations still rising, the tone of monetary policy may remain tight this year.

Pan Gongsheng, member of the National Committee of the Chinese People's Political Consultative Conference and Vice President of the People's Bank of China, stated that,foreign exchangeIt is normal for the market to experience fluctuations, and it is expected that it will also be affected by short-term factors in the future. But it should be emphasized that these fluctuations are short-term and will eventually return to fundamentals. With the advancement of supply side structural reform, China's economic growth will be more efficient, the current account surplus, cross-border capital inflows will be more stable, and foreign exchange reserves will be very abundant. The foundation of the future foreign exchange market will be very stable.
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