[Zheng Houcheng of Yingda Securities Predicts Steady Appreciation of the RMB Exchange Rate by 2026] The 2026 Annual Conference of the China Chief Economist Forum was held in Shanghai from January 10 to 11, with the theme 'Midgame Strategy: Building a Strong Nation by Carrying Forward and Innovating.' Zheng Houcheng, Chief Economist of Yingda Securities, stated at the conference that the RMB exchange rate is highly likely to appreciate steadily by 2026, potentially entering a phase of rapid appreciation. He also predicted that the appreciation process might continue into 2027, with the RMB exchange rate potentially reaching a peak in the range of 6.2 to 6.3.