The Renminbi exchange rate broke through the 7.05 mark, reaching a new high in nearly 14 months.

Recently, the performance of the Chinese yuan exchange rate has been strong. On December 15th, both onshore and offshore yuan against the US dollar broke through the 7.05 level during trading, reaching a new high since October 8, 2024. Ultimately, the onshore yuan against the US dollar closed at 7.0505, up 49 points from the previous trading day. Faced with the rapid appreciation of the yuan recently, Wang Qing, Chief Macro Analyst at Orient Securities, stated that the yuan's strong trend helps boost confidence in the domestic capital market, attract more overseas capital inflows, and form a positive interaction with the foreign exchange market. He believes that in the short term, the yuan may continue to trend strong, and in the future, it is important to pay attention to the movement of the US dollar index, the regulation intensity of the yuan's central parity rate, and the implementation pace of domestic growth-stabilizing policies.