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Major banks: Xi-Trump meeting boosts stocks and currency, RMB surges to 6.5
May 9, 2026
Major banks: Xi-Trump meeting boosts stocks, yuan drops to 6.5
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The White House previously announced that the China-U.S. leaders’ meeting will proceed as scheduled. U.S. President Trump will visit China as planned next Thursday and Friday (the 14th and 15th). According to major bank analyses, the “Xi-Trump meeting” may help boost Chinese stocks and the yuan, with onshore RMB (CNY) potentially strengthening to 6.5 in the future. At the Chinese Ministry of Foreign Affairs press conference on Friday (8th), a reporter asked about the “Xi-Trump” meeting, Foreign Ministry spokesperson Lin Jian responded that China and the U.S. are discussing Trump’s visit to China…
(Excerpt)