Sino-Singapore Jingwei Client, December 24, according to the China Foreign Exchange Trading Center, on the 24th, the central parity of RMB against the US dollar rose by 197 basis points to 6.5361.
The data shows that in the 8 trading days since December 15, the central parity of the RMB against the US dollar has been switched between depreciation and rise day by day. After the "four depreciation and four rises", the quotation on the 24th was unchanged from the 14th.
Screenshot of China Foreign Exchange Trading Center website
On the 23rd, the onshore renminbi closed at 6.5400 against the U.S. dollar in night trading, up 29 basis points from the day and night closing of the previous trading day.
The US dollar index fell. As of the end of New York trading, the US dollar index, which measures the US dollar against six major currencies, fell 0.26% to 90.4100.
As of press time, the onshore renminbi was quoted at 6.5356 against the U.S. dollar, up 22 basis points in the day; the offshore renminbi was at 6.5255 against the U.S. dollar, up 73 basis points in the day.
The central bank announced on the 24th that in order to improve the market liquidity of bank perpetual bonds and support banks to issue perpetual bonds to supplement capital, the 12th Central Bank Bill Swap (CBS) operation in 2020 will be carried out on the 24th.
The operation volume of the current period is 5 billion yuan, and the period is 3 months. The fixed-rate quantity bidding for the open market business primary dealers, the rate is 0.10%, and the first settlement date is December 24, 2020, the expiry date It is March 24, 2021 (postponed in case of holidays).
Hu Yuexiao, an analyst at Shanghai Securities, believes that the long-term direction of the RMB exchange rate trend remains unchanged.
The latest changes in the epidemic have once again accelerated the importance of the Chinese economy in the world economic structure, and the attractiveness of RMB assets to overseas investors has further increased.
In the next two to three years, China's economic growth will continue to lead the global economy; China is one of the few major economies in the world that implements normal monetary policies.
Based on changes in the international economic, financial, and policy and political environment, in accordance with the market value and historical price of the RMB exchange rate, as well as the development direction of RMB internationalization, a steady and partial rise is an irreversible trend of the RMB exchange rate in the future.
On the 24th, the Governor of the Central Bank Yi Gang published a signed article in the "People's Daily" pointing out that the two-way opening up of finance should be promoted. Accelerate the realization of pre-access national treatment plus negative list management in the financial sector. On the premise that financial businesses and financial institutions are licensed to operate, uniform access standards and encourage all types of capital to enter the financial industry equally in accordance with the law. We will steadily promote the internationalization of the renminbi, adhere to market-driven and independent choices of enterprises, and create a new type of mutually beneficial cooperation based on the free use of renminbi. Maintain the flexibility of the RMB exchange rate, give full play to the function of the automatic macroeconomic stabilizer, and achieve a balance between internal and external equilibrium. Improve the ability to participate in international financial governance, actively participate in the formulation of international financial rules, strengthen cooperation with international organizations, and promote the establishment of a diversified and stable international monetary system. (Zhongxin Jingwei APP)