Yellen’s scent of the store may not raise interest rates significantly?

China and the United States have not yet negotiated trade disputes. The market has continued to worry about the impact of trade wars on China’s economic performance. Coupled with the Fed’s optimistic comments on the US economy, the US dollar rebounded strongly, and the yuan fell into a weak position this week, dragging down China and Hong Kong stock markets. Performance, Hong Kong stocks fell 300 points this week.

Heavy pressure, weak turnover, can be authoritative to point out the maze? “IMoney Wealth” “Cover Story” exclusive coverage of the latest comments by the former Fed Chairman Janet Yellen, she reminded everyone to be careful about the high asset prices, the shock is not surprising, but it is difficult to pull inflation due to weak US productivity . Yellen’s remarks reflect that the Fed may not be in a position to raise interest rates significantly in the future.

Recently, the exchange rate of the renminbi has fallen successively. On Friday (20th), the rebound of Hong Kong stocks said that the PBOC intervened in the RMB exchange rate. However, after the market closed, the renminbi continued to fall due to Trump’s threat to impose tariffs on Chinese imports worth US$500 billion. The offshore RMB fell to 6.8 against the US dollar again, and the market outlook is still subject to the Sino-US trade war.

Yan Jianwen, deputy director of the treasury business of Hongkong Branch of China Everbright Bank, said: “The current market sentiment is relatively dim. The central bank has not seen any strong intervention in the market. In the past one to two weeks, only official export operations have been carried out. At present, it can only be inferred that the central bank will allow the renminbi to depreciate to a certain extent. To counter the impact of the trade war. In terms of Hong Kong stocks, the current high winds and urgency, investors’ confidence in the market is still fragile, the market still has the opportunity to find the bottom, the HSI initially supports the first look at 27000 points, and then consider the bottom.