The RMB Exchange Rate Continued To Fall By &Nbsp; The Good QDII Fund.

As of December 8th, the RMB traded against the US dollar for seventh consecutive trading days. This makes the market begin to speculate that the RMB exchange rate in the medium and long term will tend to depreciate.

　　 Negative plate

Iron and steel company innovation low

Relevant researchers believe that the slowdown or depreciation of the renminbi appreciation will reduce the profitability or demand of the aviation and steel industries. Two tier market, the recent two major plate trend downturn. China Air China, Eastern Airlines and China Southern Airlines have been down in recent days and set a new low on the day before yesterday. Iron and steel stocks are also in the doldrums. Hebei steel, Taiyuan Stainless steel, Songshan and Shaoguan Iron and Steel Co. move in the opposite direction Hit a new low.

For RMB exchange rate Devaluation trend, researchers believe. Mainland airlines holding large amounts of foreign currency debt and the manufacturing industry which rely on imported raw materials are the first to be affected. In addition to aviation and part processing industries, real estate, retail, and Sinopec and other large enterprises with vertical industrial chains can also be classified as damaged industries. In addition to the aviation industry, the paper industry has also become a loser of RMB depreciation. Because of the high demand for raw materials and the backwardness of waste paper recycling in the mainland, the paper industry is still dependent on the supply of imported waste paper.

　　 Positive plate

QDII fund benefits significantly

The depreciation of the renminbi will also bring opportunities to the relevant sectors. Analysts said that this would have a positive impact on the stock of export oriented companies, which could focus on the listed companies in the electromechanical, textile and furniture industries with a large proportion of exports. But by comparison, QDII fund recipient The benefit is most obvious. Last week, Jiashi H-share and China UBS emerging market single week net worth rose more than 9%.

Fidelity Fund Manager Li Shuhe analysis, devaluation will directly lead to RMB denominated QDII fund net value rise. The QDII fund needs to be converted into foreign currency in the investment process, and the valuation and settlement need to be exchanged for RMB. Therefore, the exchange gains and losses in its investment period will be included in the investment income of the QDII fund. Therefore, once the RMB enters the devaluation channel, it will play a positive role in stabilizing or increasing QDII earnings.

Based on long-term inflation expectations, and domestic demand in emerging markets is still the driving force for global growth in the future, Li Shuhe suggested. Investment They continue to focus on thematic funds for the allocation of resources and energy stocks.