RMB Appreciation; Allocating USD Assets;

Investment Logic Amidst RMB Appreciation!

Since 2018, the RMB exchange rate against the USD has continuously broken through the integer marks of 6.5, 6.4, and 6.3. In January alone, the actual appreciation of the RMB against the USD reached as high as 2.5%. Although there were fluctuations in February, the momentum of RMB appreciation remains unabated.