| Macro-hedging funds is one kind of hedging funds. They always find the chance to invest, when the prices of securities business, money market, exchange market and commodity market are being anticipated fluctuate. The RMB exchange rate appreciation issue has been one of the most important issues since 2004. The economics of China is disequilibrium, which reflects the abnormality and the unstable. The situation is concealing great risks. It's imagined that the macro-hedging funds may attack the exchange rate system of China.This paper discusses the reasons of the pressure on RMB exchange rate appreciation through the macroeconomic theory, the possibility of macro-hedging funds pounding the capital market in china and the latest trends of macro-hedging funds. Accordingly, countermeasure is put forward with regard to reducing the pressure on RMB exchange rate appreciation and safeguarding the financial safety in China. |
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