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人民币升值将对我国证券市场产生不容忽视的影响。自从2005年7月21日中国人民银行宣布人民币汇率改革以来,人民币对美元汇率就一直缓慢的上升趋势。我们必须深刻认识人民币升值对我国证券市场的影响。金融经济是一个国家的命脉,而证券市场是反映经济的“晴雨表”。因此必须建立有效的均衡市场汇率机制,使证券市场的流动性不断增强,构建一套完整的国际资本向证券市场流动的动态监控和预警机制,让证券市场的稳定性得到维持。本文主要分析了人民币升值对我国证券市场的影响,并浅析了在人民币升值的现状下维持我国证券市场稳定的对策。
The appreciation of RMB will have an unnegligible impact on the stock market in our country. Since the People’s Bank of China announced the RMB exchange rate reform on July 21, 2005, the RMB exchange rate against the U.S. dollar has been slowly rising. We must profoundly understand the impact of RMB appreciation on China’s securities market. The financial economy is the lifeblood of a country, and the stock market is a “barometer” of the economy. Therefore, we must establish an effective equilibrium market exchange rate mechanism to enhance the liquidity of the securities market and establish a complete set of dynamic monitoring and early warning mechanism for the flow of international capital to the securities market so as to maintain the stability of the securities market. This paper analyzes the impact of RMB appreciation on China’s securities market and analyzes the countermeasures to maintain the stability of China’s securities market under the current situation of RMB appreciation.