w88 casino News Network (provided by the w88 casino of Finance)At 18:30 on the evening of April 22, a special lecture by Han Huishi Alumni of the 18th Financial Culture Festival on "Good times await, good times can be expected" was held in the International Lecture Hall on the third floor of the Chengxin Building. This event invited members of the China Finance 40 Youth Forum, the R&D director of CCB Financial Asset Investment Company, and the former 99-level finance major Han Huishi alumnus of the China Institute of Finance. Teacher Liu Ying, director of the Alumni Office of the w88 casino of Finance, w88 casino, attended this lecture.
At the beginning of the event, senior Han Huishi signed the scroll "Good times are ahead, good times are ahead".
Mr. Han Huishi gave a wonderful lecture on the theme of "Policy Choices in a Complex Environment from the RMB Exchange Rate". In the lecture, he put forward the wonderful view that "policy choices are often 'one step to hell, no paradise'", explaining the complex impact of policy choices in the foreign exchange market.
Mr. Han Huishi started from the trend of RMB exchange rate and explained in detail the risk of capital flight caused by the continued appreciation of RMB and the necessity of RMB depreciation. After introducing the three devaluation options of one-time devaluation, sustained small depreciation, and stepped devaluation, he demonstrated the infeasibility of one-time devaluation to the equilibrium exchange rate, and demonstrated the role of policy guidance in the devaluation of the RMB and the importance of the stability of foreign capital reserves through the "8·11" exchange reform. Mr. Han also pointed out that the depreciation of the RMB is only one of the factors affecting the international competitiveness of enterprises, and suggested that perhaps "maintaining the stability of the overall exchange rate level against a basket of currencies, while the bilateral exchange rate of the RMB against the US dollar fluctuates significantly in both directions" is currently a relatively prudent exchange rate policy.
At the end of the lecture, Mr. Han Huishi concluded: the equilibrium exchange rate is elusive, foreign exchange market regulation will not disappear, and the managed floating exchange rate system may be the institutional choice for at least the next ten years.
During the question-and-answer session, the students spoke actively and the atmosphere was lively. Some students mentioned the view that "RMB internationalization requires the lifting of foreign exchange controls." Mr. Han Huishi took Hong Kong as an example and said that even if foreign exchange controls are lifted, other methods should be used to influence the foreign exchange situation to ensure that its price does not deviate excessively from the overall market price level.
Through Mr. Han Huishi's wonderful lecture, the students present gained a deeper understanding of the changes in the RMB exchange rate under the guidance of policies, established a comprehensive understanding of my country's foreign exchange market situation, and benefited a lot.
