Author(s)

Mengliang Yu

Corresponding Author

Mengliang Yu

ABSTRACT

The RMB continues to hit new highs, while the Chinese stock market is constantly updating its history. The history of many countries tells us that in the process of currency appreciation, the stock market is always accompanied. China is no exception. The process of RMB appreciation will rewrite the pattern of state-owned wealth distribution. It is necessary to seize the golden period of the stock market and share the fruits of China’s rapid economic growth.

KEYWORDS

RMB appreciation, exchange rate revaluation expectation, excess liquidity, stock market