Chinese official media said that the renminbi does not have the basis of trend depreci

The RMB exchange rate fell after interest rate hikes. In this regard, Chinese official media said that the RMB does not have the basis of trend depreciation.

Securities Daily Friday (September 23) quoted Zhou Maohua, a macroex researcher of the Everbright Bank Financial Market Department, saying that the US dollar may maintain a strong in the short term, but the lack of continued strong stronger foundation.At present, the US economy has slowed down, the risk of economic recession has risen, and the strengthening of the US dollar deviates from the fundamentals.

Zhou Maohua said that from the perspective of China's domestic economic fundamentals, international revenue and expenditure, RMB exchange rate elasticity, and long -term allocation value of RMB assets, the RMB does not have the basis for the depreciation of the trend.Despite the changes in overseas macro -environment, the renminbi will continue to run in a reasonable range, and the two -way fluctuations are normalized.

Pang Ye, the chief economist and director of the research department of the Digang Federation of Greater China, also told the Securities Daily reporter that considering the current expansion of China's macroeconomic volume, stronger toughness, the reform of market -oriented reforms in exchange ratesThe resistance of external impact, stronger autonomy and stability of the financial system, increased the attractiveness of RMB assets, and a limited impact of strong dollars on China.

Pang Ye said that in order to more effectively cope with the external impact brought by the strong dollar, on the one hand, the marketization reform of the RMB exchange rate should be continued, the elasticity of the RMB exchange rate should be strengthened, the expected management is improved, the cross -border financing macro macro macro macroPrudent management, guide market players to adhere to the concept of "risk neutrality", maintain the basic stability of the RMB exchange rate at a reasonable and balanced level; on the other hand, we should continuously deepen financial openness and enhance the attraction of RMB assets in the country.

On Wednesday, the Federal Reserve ’s local time is expected to raise interest rate hikes 75 basis points. As of Friday evening, the mid -range price of the RMB against the US dollar has fallen below 7.1.