Dynamic Impacts of RMB Exchange Rate on Chinese Real Estate Sector Index

DOI

10.2991/aebmr.k.220307.283How to use a DOI?

Keywords

Exchange rate; Stock price; Real estate; Multiple linear regression

Abstract

As China’s international influence increases, the influence of the renminbi in the international currency market is increasing. Some scholars have confirmed that to a certain extent there is a linkage between exchange rates and stock prices, but the relationship between exchange rates and the real estate sector is a topic that has not been explored in depth. With the acceleration of economic globalization, more and more international capital is targeting the Chinese real estate market, so the research is meaningful. In the empirical analysis part, this paper selects the data of the Shanghai Stock Exchange Index, the real estate sector index, and the RMB exchange rate against the US dollar within ten years as variables and makes a simple multiple linear regression model. Finally, it is concluded that RMB exchange rate has a significant impact on the real estate sector index at the level of 99.99%+.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Haoze Zhu
AU  - Hongge Yu
AU  - Ruixi Yang
AU  - Ruize Yuan
AU  - Yun Yu
PY  - 2022
DA  - 2022/03/26
TI  - Dynamic Impacts of RMB Exchange Rate on Chinese Real Estate Sector Index
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1733
EP  - 1737
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.283
DO  - 10.2991/aebmr.k.220307.283
ID  - Zhu2022
ER  -