Currently, after the summit between China and the US in San Francisco, China’s Property, Financial, and Retail company stocks are continuously falling and at the same time, Institutional investors sold China’s Property, Banking, retail, and manufacturing shares in huge quantities. It is believed that the demand for the Chinese Yuan in the Chinese Stock market is increasing but the shares of Chinese Real Estate, Banking, and Retail companies are continuously falling. It clearly means that foreign investors are being attracted to China but they are not making much investment in Property, Stocks, and the Share Market apart from Chinese Forex.
Why are China’s Property, Finance, Banks, and Retail Stocks falling and the Chinese Yuan surging?
At the same time, we had written articles that China’s official investors have shifted their investments to Japan and South Korea instead of China and the Chinese Stock Market, banks and mortgage rates are continuously increasing. In any case, just as Yuan’s dominance has overtaken JPY and EUR, now it seems that USD can also be overtaken. Currently, it seems as per the plan of the Chinese Government and Chinese Investors that the dominance of the Chinese Yuan will increase up to 65%. Currently, most of the remittances, forex, and trade pairs are going on USD/CNY forex. In this way, the Chinese Yuan will have the power of big investors who have chances to invest with South American, African, Middle Eastern, European, and Indo-Pacific countries.
Next Useful News.