According to Bank of America, the RMB exchange rate against the US dollar is expected to rise to around 6.8 in 2026, boosted by stable median prices, policy stimulus, and capital inflows. Adarsh Sinhazz, head of the bank's G10 foreign exchange strategy department, said at a briefing on Wednesday that the onshore RMB is expected to appreciate due to possible weakening of the central daily price of RMB. The internationalization of the RMB is expected to be boosted by the expansion of the offshore renminbi-denominated dim sum bond market. “The expansion of the dim sum bond market will help further internationalize the RMB.”

According to Bank of America, the RMB exchange rate against the US dollar is expected to rise to around 6.8 in 2026, boosted by stable median prices, policy stimulus, and capital inflows. Adarsh Sinhazz, head of the bank's G10 foreign exchange strategy department, said at a briefing on Wednesday that the onshore RMB is expected to appreciate due to possible weakening of the central daily price of RMB. The internationalization of the RMB is expected to be boosted by the expansion of the offshore renminbi-denominated dim sum bond market. “The expansion of the dim sum bond market will help further internationalize the RMB.”