The RMB central price was lowered by 31 basis points, and Goldman Sachs reiterated that it was very optimistic about the RMB

category:Finance
 The RMB central price was lowered by 31 basis points, and Goldman Sachs reiterated that it was very optimistic about the RMB


However, for foreign trade enterprises, the appreciation of the RMB is a source of joy and concern. When the local currency appreciates, the price advantage of export commodities will be reduced, and the imported goods will be relatively cheaper. Therefore, it will be beneficial to import enterprises, with limited impact on import processing and re export enterprises, but greater impact on export enterprises. Ding Meng, an economist with BOC Hong Kong Institute of finance, said that for foreign trade enterprises, in addition to the financial staffs need to make forward-looking judgments on the exchange rate trend, it is also important to choose the hedging tools for exchange rate risks such as options and forward. On the 25th, Goldman Sachs held a media conference call on Chinas macroeconomic outlook and capital market dynamics in 2021. At the meeting, the latest forecast was made on Chinas economic growth rate, policy arrangement, RMB exchange rate and capital market in the next year: for the RMB exchange rate, Goldman Sachs said that it was very optimistic. For Chinas stock market, Goldman Sachs still recommends high allocation. In terms of global markets, Goldman Sachs believes that with a significant rebound in the global economy next year, next year should be the highest absolute return on stocks since 2017. Source of this article: Yang Bin, editor in charge of the first finance and Economics_ NF4368

However, for foreign trade enterprises, the appreciation of the RMB is a source of joy and concern. When the local currency appreciates, the price advantage of export commodities will be reduced, and the imported goods will be relatively cheaper. Therefore, it will be beneficial to import enterprises, with limited impact on import processing and re export enterprises, but greater impact on export enterprises. Ding Meng, an economist with BOC Hong Kong Institute of finance, said that for foreign trade enterprises, in addition to the financial staffs need to make forward-looking judgments on the exchange rate trend, it is also important to choose the hedging tools for exchange rate risks such as options and forward.

On the 25th, Goldman Sachs held a media conference call on Chinas macroeconomic outlook and capital market dynamics in 2021. At the meeting, the latest forecast was made on Chinas economic growth rate, policy arrangement, RMB exchange rate and capital market in the next year: for the RMB exchange rate, Goldman Sachs said that it was very optimistic. For Chinas stock market, Goldman Sachs still recommends high allocation. In terms of global markets, Goldman Sachs believes that with a significant rebound in the global economy next year, next year should be the highest absolute return on stocks since 2017.