The RMB has rallied strongly since last week amid the turmoil in global financial markets. Since the evening of August 2, the RMB exchange rate at home and abroad has gained more than 1,100 points and 1,400 points against the US dollar, almost recovering all the losses during the year.

The movement of exchange rates depends fundamentally on economic fundamentals. From the root, the strong recovery of the RMB exchange rate reflects the market's positive expectations for the strengthening of the domestic economy. The Third Plenary Session of the 20th CPC Central Committee made systematic arrangements for further comprehensively deepening reform, emphasized building a high-level socialist market economic system, and improved institutions and mechanisms for promoting high-quality economic development, which boosted market confidence in China's economic development in the second half of the year. China has intensified the implementation of macro policies, the economic recovery is expected to increase, and the market is expected to be optimistic about the trend of RMB and assets.
Experts predict that the RMB exchange rate will continue to rise in the next few months. The complexity of the global political and economic situation and the sharp fluctuations of the financial market may prompt more international capital to seek a "safe haven" in the world, while the RMB exchange rate has a high stability, RMB assets are currently in a value depression, and the endogenous growth momentum of China's economy continues to strengthen. It can be expected that RMB assets will receive more attention now and in the coming months.