Xia Bin: In The Future, The Renminbi Will Not Exclude The One-Off Appreciation.

China's central bank monetary policy Committee member Xia Bin said on Tuesday that in the long term, the renminbi must be gradually appreciated, and the floating range of the exchange rate may gradually expand, and the one-off appreciation will not be ruled out.

Xia Bin made the above remarks when answering questions from Sina micro-blog. But he said at the same time that RMB appreciation Too fast is not conducive to China's economic and social stability.

Since the end of last two years' pegging to the US dollar exchange rate policy in June, the RMB has continued to appreciate against the US dollar, and the pace of appreciation has accelerated this year.

At present, China allows the US dollar to fluctuate in the range of up to 0.5% of the middle price, against the RMB exchange rate, which fluctuates within the range of 3% of the middle price level instead of the US dollar exchange rate.

Xia Bin also commented on the current situation of China's foreign exchange reserves, saying that foreign exchange reserve Investment should amend principles and increase strategic objectives.

Xia Bin believes that the foreign exchange reserve of 1 trillion dollars is enough, and the remaining funds should be invested heavily to accelerate strategic investment.

The central bank's monetary policy committee is a consultative body for monetary policy of the central bank.

Although the monetary policy committee is not the highest decision-making body of monetary policy such as China's exchange rate and interest rate, the committee's monetary policy formulation has important reference significance for the market and decision-making bodies.