![]() The Current RMB Exchange Rate Volatility and RMB Inter- nationalization.Īdjustment of RMB Exchange Rate and Foreign Exchange RisksThe majority of the Group’s business and all bank borrowings are denominated and accounted for in RMB, and therefore do not have any direct exposure to foreign exchange fluctuation.īox 2 Cross-border Capital Flows and RMB Exchange Rate Movements In 2016, the current account maintained a surplus, whereas the capital and financial account (excluding reserve assets) continued to run a deficit, the decline in foreign exchange reserves slowed down, and pressures on cross-border capital outflows lessened compared with the rush period. People’s Bank of China, Further Reform the RMB Exchange Rate Regime and Enhance the RMB Exchange Rate Flexibility, June 19, 2010. People’s Bank of China, “Public Announcement of the People’s Bank of China on Reforming the RMB Exchange Rate Regime,” July 21, 2005, on the Internet at (visited Mar. Public Announcement of the People’s Bank of China on Reforming the RMB Exchange Rate Regime. The Group will pay more attention to market changes and will increase its investments in acquisition of land and relevant businesses at appropriate times with reasonable costs.Fluctuation of RMB Exchange Rate and Foreign Exchange RisksThe majority of the Group’s business and all bank borrowings are denominated and accounted for in RMB.įigure 2-16 The Tendency of the Domestic RMB Exchange Rate against the USD Source: Reuters.įluctuation of RMB Exchange Rate and Foreign Exchange RisksThe majority of the Group’s business and all bank borrowings are denominated and accounted for in RMB. RMB Exchange Rate Fluctuations and Exchange Risk Most of the Group’s businesses and all bank loans have been traded in RMB so there is no significant foreign exchange fluctuation risk. ![]() ![]() Examples of RMB Exchange Rate in a sentence ![]()
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