How Does Greenspan Talk About The Relationship Between RMB And Gold?

The president of the HKMA announced that the restrictions on HK $20 thousand per day would be abolished from next Monday and implemented on the same day with the Shanghai and Hong Kong links.

Within a few days, the residents of Hongkong will be converted to RMB by CNY at the current level through the Shanghai flat price (CNH).

Let's start with relaxation.

Earlier, Lao BIE quoted the economist's research, pointing out that A shares and mature markets are low in relevance and become the biggest selling point of the mainland stock market.

Many people are convinced that Hong Kong stocks have long been "inland", but the economist has found that the average correlation between Hang Seng Index and Shanghai Composite Index in the past five years is 0.63, which is the most closely related to A shares in all markets, only slightly below the Nikkei index and the S & P 500 index 0.65.

Does this reflect the fact that Hong Kong stocks are constantly internationalized in the two places, so that the correlation between the index and the Shanghai composite index is not as good as that of the US and Japan, or is the A share "isolated from the world"?

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"Thousands of times come out, with the mainland to further deepen the reform of the capital market, whether Hong Kong stocks further A share, or A shares" independence "of the real color gradually fade, thereby losing the biggest selling point? Time will witness.

Xi Guangsi said that as part of the gold reform in the mainland, we should not be overjoyed about the speculation opportunities brought by "Shanghai Hong Kong Tong".

However, with the simultaneous implementation of the Shanghai and Hong Kong links and the cancellation of the RMB exchange rate limit, investors will ask whether the renminbi is worth buying, in addition to longing for speculation.

This topic is not only interested in Hongkong's people who have cash in hand, but also want to share their interests in investing and collecting money. The global policy makers have been thinking about the night. It is reported that the ECB Executive Committee has begun to discuss whether or not to include renminbi assets in foreign exchange reserves.

China is the largest source of imports from the European Union, and the total value of bilateral trade amounted to US $428 billion last year.

Greenspan, who made a free speech after unloading the Federal Reserve's helm, wrote about the relationship between RMB and gold during the Foreign Affairs bimonthly.

Ge pointed out that China has been stockpiling gold in recent years, with the aim of enhancing international investors' confidence in the renminbi, allowing more people to feel secure and eventually moving towards free floating.

In GE's view, that is an essential step for China to enhance its influence in the global economic and political arena, and the role that gold plays in this process is beyond many people's imagination.

The recent strength of the US dollar has shown that gold prices have fallen by $1200 an ounce.

However, at the moment of "golden fall", not only the "golden Scarab" upper body, but also about the relationship between RMB internationalization and gold, Switzerland will also hold a referendum on the 30 th of this month. Whether the referendum strengthens the importance of gold in the official reserves.

In his article earlier this month, Lao Bi has discussed the three requirements of the "gold saving" campaign launched by the Swiss people's Party (SVP).

It is necessary to add that if the motion is carried out and the necessary legislative procedures be completed, Switzerland will increase its money supply and fix its own difficulties, so as to manipulate the exchange rate through printing money today, just like today. It is only afraid that it will not be able to do so. Even if the "return of my gold" faction is defeated in the referendum, the motion of the disguised gold standard campaign will be referendum, and its symbolic significance and the international response triggered by it will be no less than the Scotland independent referendum, which has attracted worldwide attention.

The Swiss referendum's influence may not be seen from the gold price for the time being, but the Swiss franc is obviously stronger.

At the time of writing, the euro was 1.2022 against the Swiss franc, which was only half a line against the 1.2 Swiss franc against the 1 euro limit.