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Significant Increase in RMB Exchange Volume in Hong Kong, Offshore Exchange Rate Strengthens

Significant Increase in RMB Exchange Volume in Hong Kong, Offshore Exchange Rate Strengthens

Significant increase in RMB exchange volume in Hong Kong, offshore exchange rate strengthens. The best immigration information is available on the Worldway Investment Immigration official website.

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Follow Hong Kong Investment Immigration and Hong Kong Economy: Since the launch of the Shanghai-Hong Kong Stock Connect three days ago, the demand for RMB in the Hong Kong market has increased, stimulating the offshore RMB exchange rate to continue strengthening and hitting a new high in nearly two weeks. Although it fell back yesterday, industry insiders expect the upward trend of the offshore RMB exchange rate to continue, and the onshore RMB price is also showing an upward trend.

Significant Increase in RMB Exchange Volume in Hong Kong, Offshore Exchange Rate Strengthens

The offshore RMB exchange rate fell back yesterday, while the onshore RMB closed at 6.1198 RMB per US dollar. DBS Bank economist Zhou Hongli stated that the offshore RMB exchange rate is appreciating faster than the onshore rate. Monday marked the first premium in nearly two months, and there was also a premium on Tuesday, reflecting strong market demand for the RMB.

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