Northeast Securities' Liao Bo: Under the RMB appreciation cycle, Chinese assets are expected to experience a "Davis double hit"

Golden Finance reports that on May 30, Liao Bo, Chief Macro Economist at Northeast Securities, said that the current RMB exchange rate has entered a trend-based appreciation channel. This is not merely short-term exchange-rate volatility, but a sign of a profound reshaping of global capital flows over the medium to long term and China’s asset pricing logic. With the “triple resonance” of fundamentals, policy, and liquidity, Chinese equity assets are expected to usher in a new round of the so-called “Davis double-kill.”
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