The RMB exchange rate has been strong recently. On December 15, the onshore and offshore RMB exchange rates against the US dollar both rose above the 7.05 mark, a new high since October 8, 2024. In the end, the onshore RMB closed at 7.0505 against the US dollar, up 49 points from the previous trading day. Facing the recent rapid appreciation of the RMB, Wang Qing, chief macro analyst at Dongfang Jincheng, said that the strong trend of the RMB will help boost confidence in the domestic capital market, attract more foreign capital inflows, and form a healthy link with the foreign exchange market. He believes that the RMB may continue to operate strongly in the short term; in the future, we need to focus on the trend of the US dollar index, the strength of regulation of the central price of the RMB, and the pace of implementation of the steady domestic growth policy.

The RMB exchange rate has been strong recently. On December 15, the onshore and offshore RMB exchange rates against the US dollar both rose above the 7.05 mark, a new high since October 8, 2024. In the end, the onshore RMB closed at 7.0505 against the US dollar, up 49 points from the previous trading day. Facing the recent rapid appreciation of the RMB, Wang Qing, chief macro analyst at Dongfang Jincheng, said that the strong trend of the RMB will help boost confidence in the domestic capital market, attract more foreign capital inflows, and form a healthy link with the foreign exchange market. He believes that the RMB may continue to operate strongly in the short term; in the future, we need to focus on the trend of the US dollar index, the strength of regulation of the central price of the RMB, and the pace of implementation of the steady domestic growth policy.