Wang Mengmeng glanced at Qiu Jingchuan, a little deflated.

Don't say that Qiu Qingchuan never told her anything else, even if Qiu Qingchuan had a more easy-going personality, she didn't dare to ask. After years of accumulation, many things have become habitual.

"It's okay, you ask him, and he'll say it." Liu Junhui smiled and said: "He is not the deputy director of the Policy and Monetary Department of the Central Bank now, nor is he the chairman of the China Banking Regulatory Commission or the secretary of the Jiangkou Municipal Party Committee for the time being. Qiu Qingchuan frowned and said, "If you don't say it yourself, forget it, why bother to pull me into the water?" Liu Jun smiled: "Because I also want to hear your opinion." ”

This is not flattery, but the truth, and Yoo Jun really wants to discuss this issue with his old man. In his memory, in another parallel world, the renminbi has indeed appreciated, and after the first appreciation, it has been in a trend of appreciation. But the exact time, he can't remember. After all, the human brain is not a computer, and many memories will gradually blur or even die out over time. Liu Jun's memories of his past life could not help him judge the merits of appreciation.

As a top elite in the domestic financial industry, Qiu Qingchuan's opinion is undoubtedly very important.

"Governor Liu is too exalted to be me, I dare not be."

Qiu Qingchuan said without yin or yang. Everyone can't help but wonder, as long as he is with Liu Jun, Secretary Qiu, who has always been calm and heavy, will also become "Piri Yangqiu"0

Liu Jun smiled and handed him a cigarette, and then handed it to Li Jian'an and He Shengli.

He Mengying frowned and said, "Isn't it okay to smoke a little less?" ”

Governor Liu ignored it in the slightest. The lighter lit a cigarette. In such a matter, Governor Liu is very capable of insisting on "autonomy".

"From the perspective of the domestic situation, there are advantages of not appreciating. In our country's market, there is such a strange phenomenon, the renminbi appreciates, according to the value of the money, the price of other commodities will be reduced, but in fact, as soon as the renminbi appreciates, prices will also rise, and the cost increase is all-round. When everyone has money, the price of goods will naturally rise.

In this way, there will be a situation like what Meng Ying just said. A large number of peasant unions are unemployed, and the state must abolish the agricultural tax in advance and gradually increase investment in agriculture, rural areas and rural areas in order to alleviate this social problem. It's going to be stressful. Qiu Zhanchuan said slowly.

Originally, he didn't need to go into such detail, and this approach meant a bit of popularizing financial knowledge for Wang Mengmeng. No matter what Wang Yinyin's intention is to pay attention to the overall financial situation, as long as she is willing to learn, Qiu Qingchuan is more happy to "give advice". Yoo Jun nodded.

"However, the appreciation of the renminbi is not all bad, and the objective effect is also relatively obvious. Personally, I think it's time to get some of our entrepreneurs together. The ability of the economy to self-circulate must be strengthened, and it cannot always rely on cheap labor to make money. The easier it is to make profits by exporting low-end products, the less incentive domestic firms will have to invest in product research and development if they take advantage of the cost advantage of favorable exchange rates for a long time. This is not conducive to the long-term development of the country's competitiveness......"

He Mengying smiled sarcastically and said, "Commonality! Commonalities of domestic elites. Officials grew their economies by selling land, and entrepreneurs made money from sweatshops. It's easy, you don't have to use your brain. One word, 慊! Hearing this, Governor Liu had a meaningful smile on his face.

He Mengying was stunned at first, and immediately understood the meaning of Liu Jun's smile One by one, it seems that Miss He is not very diligent, and she is worth tens of billions, most of which are earned by others for her. "Hmph, I'm a woman!" He Mengying immediately "furious" and said angrily.

Regarding Miss He's sudden sentence, everyone didn't understand for a while. However, looking at Liu Jun's sudden smile, Miss He's "angry" situation, I also knew that they were "playing the edge", and it seemed that Miss He was a little "deflated". This is also normal, there are really not many people who don't eat deflated in front of Liu Jun, and Miss He is no exception.

Qiu Qingchuan smiled slightly, didn't pay attention to the "quarrel" between the two, and continued his conversation by himself: "From the perspective of increasing the freedom of monetary policy, appropriate appreciation is necessary. In order to maintain a fixed exchange rate of RMB against the US dollar, our banks have to buy US dollars from the market and put RMB in them. This makes it difficult for central banks to keep their money supply within the target range. In order to offset the impact of foreign exchange appropriation, the central bank must carry out 'domestic and foreign currency hedging operations,......

Wang Mengmeng listened a little intrigued, and asked casually: "Brother, what is the 'domestic and foreign currency hedging operation':\}"

Qiu Qingchuan patiently explained: "It is to buy US dollars at the same time, and sell government bonds or central bank bills through open market operations to withdraw RMB from the market." In this case, a moderate expansion of the range of RMB fluctuations can increase the degree of freedom of monetary policy. In addition, the appreciation of the renminbi can also alleviate the overheating of the economy...... Wang Mengmeng and He Shengli are both in good spirits. The meaning of Qiu Qingchuan's words, but

It is relatively clear that the renminbi is likely to appreciate. Everyone knows that the reason why the central government has been persisting in macroeconomic regulation and control is that the "economic overheating" has been met with "stubborn resistance" from many provinces and municipalities. From the standpoint of Liu Jincai, he may be more inclined to use "pure economic means" to solve the problem.

Qiu Qingchuan said: "Generally speaking, under a fixed exchange rate, the pressure of RMB appreciation will be converted into inflationary pressure, and too high foreign exchange will lead to an increase in the money supply, and inflationary pressure will follow. At the same time, the practice of recovering foreign exchange through the issuance of central bank bills is not sustainable and will lead to an increase in the financial burden on the government. Reducing the share of foreign exchange can reduce the money supply, and at the same time, the reduction of import prices may also reduce the domestic prices of some commodities, and everyone will not be disorderly on the project. At the same time, a large number of migrant workers have returned, and the pressure on rural employment has increased, and the State Council has reason to increase investment in agriculture, rural areas and rural areas. The proportion of fiscal disbursements will change, which can also effectively prevent duplicate investment in infrastructure in large cities. ”

He Mengying sighed sincerely: "Secretary Qiu is worthy of being a financial expert. I've been to the place for a few years, and I haven't put down my kung fu at all, admire! ”

Qiu Qingchuan smiled: "Mengying, why are you also contaminated with this problem?" Is it really that those who are close to Zhu are red, and those who are close to ink are black? He Mengying was stunned and said: "Secretary Qiu said this? I really complimented it. Everyone burst out laughing.

Li Jian'an said in a timely manner: "I think that if it appreciates at this time, there may also be considerations for preparing for hard currency." In addition, it can be used to narrow the exchange rate difference between the Hong Kong dollar and the renminbi. In the future, if the time is right, we can consider implementing a single currency in Hong Kong and Macao, just like the mainland. Qiu Qingchuan glanced at him appreciatively and bowed slightly.

These are all necessary conditions for a country to grow into an economic power. Although Liu Jincai is low-key, during his tenure, he has established a huge career, which is definitely his goal. For the republic to grow into a real economic superpower, the currency becomes a hard currency, which is one of the precognitive conditions. Li Jian'an's division is very well calculated.

"In fact, judging from the whole trend, the renminbi has been in a state of appreciation, and before 1994, we artificially overestimated the value of the renminbi, so it was important to save face...... This policy could not be sustained and was forced to give up. It is also unsustainable to artificially undervalue the renminbi now. On the issue of exchange rates, policy intervention can play a role in the short term, but in the end it is the market that has the final say. As long as China can maintain high economic growth and promote the process of fully convertible renminbi, it is not far off for the renminbi to appreciate and become a regional and even world currency. The central bank has also been blowing the wind in recent years, saying that the renminbi will eventually become fully convertible. This should also be preparing for appreciation. Li Jianwei simply gave full play to compliance.

Wang Mengmeng couldn't help but say excitedly: "So, it must be appreciated, so, when will it start?" ”

The others couldn't help but look at each other, and Qiu Qingchuan said helplessly: "Mengmeng, what you said is really spying on state secrets." ”

Wang Mengmeng pursed her lips and said, "It's not okay to guess?" ”

"Okay, even if we give you a guess, can you believe it? What if it's not accurate?

Seeing that Wang Mengmeng was eager to make money, Qiu Jingchuan had to remind her a few words. After all, the foreign exchange market is extremely risky, and a "rookie" like Wang Xunmeng, who has no experience in operation, rushes into it rashly, and if he is not careful, he will lose all his money. Qiu Qingchuan understands his cousin's character very well, if he really loses too much, maybe he will be "Hu Lai" involved in a case similar to the "Southeast Case" again, which is not easy.

He Mengying patted Wang Mengmeng's shoulder and said, "Mengmeng, are you nervous now?" ”

Wang Mengmeng also knows that He Mengying is the most famous "eldest sister" in the inner circle of the Jingshi Ya, "She is very righteous, as long as she speaks herself, there will be no problem in turning over a lump sum." But Wang Yinyin's ambition is not here. "Sister Mengying, it's not that I'm nervous. I was thinking, such a good opportunity to make money, it's a pity not to seize it, "If you can accurately predict the time and approximate extent of the appreciation of the RMB, the money you make will be lost."

He Mengying smiled: "Don't be so anxious, in this world, there are many ways to make money." So, let's talk about it another day, I'll give you a total to see what day is better to invest in, how about it? "Really? That's great, thank you Sister Mengying. Wang Xunmeng was overjoyed.

Since He Mengying said so, it is definitely not as simple as really giving her a random trick, and she will basically find a project for her to make sure that she does not lose money.

Liu Jun and Qiu Qingchuan looked at each other and smiled, and both shook their heads slightly.