人民币升值对不同证券市场的影响分析  

Analysis of RMB Appreciation's Influence on Various Security Markets

作　　者：吕志平[1] Lv Zhiping(Wuchang Branch,Huazhong University of Science and Technology,Wuchang,Hubei,430064)

机构地区：[1]华中科技大学武昌分校 湖北武昌430064

出　　处：《经济视角（下）》2008年第6期46-48,共3页Economic Vision

摘　　要： 目前中国存在A股、B股和H股3个以不同货币形式表现资产的证券市场,人民币对美元升值对不同的证券市场会有不同的影响。B股和H股都是以美元或港元等标价的人民币资产,一旦人民币升值,这些人民币资产自然也会跟着升值,所以对B股和H股的价值也会相应增加。不过汇率问题对证券市场是把双刃剑,其有利有弊,在人民币对美元升值的预期下,必然会影响到国际资本的流动,进而对不同的证券市场影响也是不一样的。本文主要针对人民币对美元的升值对不同的证券市场产生的影响进行深入探讨。Now,there are three security markets in China:A stock,B stock,and H Stock,whose assets are presented in different currencies.Thus,RMB appreciation will have different influences on different security markets.B stock and H stock are RMB assets priced in US dollars and Hongkong dollars respectively.Once RMB appreciates,these RMB assets will also appreciate.But exchange rate is a mixed blessing which has both pros and cons.The expectation of RMB appreciation against US dollar will affect the flow of international capital,and influence various security markets in different ways.This article thoroughly analyzes the influences of RMB appreciation on various securities markets.

关 键 词：人民币升值 美元 证券市场 

分 类 号：F832.51[经济管理—金融学] F832.6[经济管理—金融学]