PANews reported on January 11th that, according to Jinshi, Zhao Wei, chief economist of Shenwan Hongyuan Securities, stated at the China Chief Economist Forum AnnualPANews reported on January 11th that, according to Jinshi, Zhao Wei, chief economist of Shenwan Hongyuan Securities, stated at the China Chief Economist Forum Annual
Shenwan Hongyuan: The RMB may appreciate by 2-3 percentage points annually in the next few years, and the appreciation rate will reach more than 30% in about 10 years.
PANews reported on January 11th that, according to Jinshi, Zhao Wei, chief economist of Shenwan Hongyuan Securities, stated at the China Chief Economist Forum Annual Meeting that the RMB has entered an appreciation cycle by 2025. He boldly predicts that starting in 2026, the RMB may maintain an appreciation rate of at least two to three percentage points annually over the next few years, resulting in a total appreciation of over 30% in about ten years. The stock market will also benefit during this process.
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