2016 monetary policy and exchange rate forecast
——Zhao Qingming, Chief Economist of China Financial Futures Exchange

Mr. Zhao said that the monetary policy in 2016 will be likely prudent to easy and the policy will transit from "balanced" to "flexible and appropriate" amid more uncertainties in macro economy in 2016. He also gave details about the three major indicators to reflect the monetary policy-M2 money supply, interest rate & lending, and social financing scales. 

Mr. Zhao analyzed the yuan exchange rate in depth since 2014, weakening situation of the yuan, and capital outflow. He also predicted the exchange rate trend in 2016 through analysis on the exchange rate system & relation with imports and exports, and some international factors. At last, Mr. Zhao shared some views over exchange rate risks.