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The 12th China Conference of the HSBC was held in Shenzhen from September 1st to 2nd. During the conference, Frederic Neumann, Chief Asia Economist of HSBC Global Investment Research, was interviewed by reporters. In HSBC's global investment market outlook for 2025, HSBC expects strong economic growth in India and ASEAN countries, along with China's increasing policy measures to stimulate the economy. The economic growth in Asia (excluding Japan) is expected to remain at 4.4% in 2025, higher than the global average expected growth rate of 2.6%. "We have seen the Renminbi strengthen against the US dollar and I believe this trend will continue. I expect the Renminbi to further strengthen in the next two to three years because of the strong competitiveness of the Chinese economy," Neumann told reporters. "Moreover, if the Renminbi appreciates gradually, it will benefit both China and the global economy. This will increase the purchasing power of Chinese households, boost consumption in China, and also help other economies export to China. Overall, I am quite optimistic about the mid-term trend of the Renminbi," Neumann added (Jiemian News).