1, RMB appreciation marks the appreciation of RMB-denominated assets across the board, so RMB-denominated stocks should certainly rise.

2. The appreciation of RMB marks the enhancement of China's comprehensive national strength, which is the inevitable result of the accelerated healthy and stable operation of the whole macro-economy in recent years. The rise and fall of the stock market is closely related to the macroeconomic operation, so the appreciation of the renminbi will promote the stock market to rise.

3. The RMB appreciation should pay more attention to the adjustment of the exchange rate system, from the previous peg to the dollar to a limited floating exchange rate system, which will make the RMB enter an appreciation cycle against the dollar, so this further appreciation expectation will have a strong impetus to the rise of the stock market.

4. The appreciation of RMB is of great benefit to resource-importing enterprises, and the reduction of cost will be beneficial to the substantial growth of the performance of these listed companies, among which the sectors benefiting are concentrated in aviation, automobile, petroleum processing, high-grade paper-making sector, technology-importing high-tech sector and resource-importing metal processing industry.

The expectation of RMB appreciation and further appreciation will attract a large number of foreign investors to buy RMB-denominated assets. At present, the stock market has not been fully opened, and real estate and financial brokers are the best investment platforms, which will benefit these two industries.

6. RMB appreciation is bad for export-oriented enterprises and foreign trade enterprises. At present, domestic textile industry, household appliances industry, small commodity industry, some foreign trade industries with a large proportion of exports, large shipbuilding industry, some enterprises with more foreign investment and some enterprises with more foreign exchange reserves.