RMB Devaluation Cycle: Who are Glad and Who are Crying?

作者: 张涓义
The strategy team of Bank of China(BoC) International has tested the relative performance of various industries in the historical devaluation cycle. The overall performance of the financial sector is outstanding. Non-bank financial intermediaries, banks, construction, and real estate are among the top four.

How will the RMB devaluation affect the market and industry? BOC Strategy analyzes the impact from the aspect of funds, inflation, cost, income etc.