{"id":30377,"date":"2026-03-16T04:01:29","date_gmt":"2026-03-16T04:01:29","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/cin-merkez-bankasi-usd-cny-orta-noktasini-69057-olarak-belirledi-onceki-69007nin-uzerinde-reutersin-69061-tahminine-yakin\/"},"modified":"2026-03-16T04:01:29","modified_gmt":"2026-03-16T04:01:29","slug":"cin-merkez-bankasi-usd-cny-orta-noktasini-69057-olarak-belirledi-onceki-69007nin-uzerinde-reutersin-69061-tahminine-yakin","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/cin-merkez-bankasi-usd-cny-orta-noktasini-69057-olarak-belirledi-onceki-69007nin-uzerinde-reutersin-69061-tahminine-yakin\/","title":{"rendered":"\u00c7in Merkez Bankas\u0131 USD\/CNY orta noktas\u0131n\u0131 6,9057 olarak belirledi; \u00f6nceki 6,9007\u2019nin \u00fczerinde, Reuters\u2019\u0131n 6,9061 tahminine yak\u0131n"},"content":{"rendered":"Pazartesi g\u00fcn\u00fc \u00c7in Merkez Bankas\u0131 (PBoC), bir sonraki i\u015flem oturumu i\u00e7in USD\/CNY (ABD dolar\u0131\/\u00c7in yuan\u0131) merkez paritesini 6,9057 olarak belirledi. Bu seviye, ge\u00e7en cuma g\u00fcnk\u00fc 6,9007\u2019lik fiksinge (merkez kur belirleme) ve Reuters\u2019\u0131n 6,9061\u2019lik tahminine k\u0131yasla geldi.\n\nPBoC\u2019nin temel para politikas\u0131 hedefleri; fiyat istikrar\u0131 (enflasyonun kontrol alt\u0131nda tutulmas\u0131), kur istikrar\u0131 (d\u00f6viz kurunda a\u015f\u0131r\u0131 oynakl\u0131\u011f\u0131n \u00f6nlenmesi) ve ekonomik b\u00fcy\u00fcmeyi desteklemek. Ayr\u0131ca finansal reformlar \u00fczerinde \u00e7al\u0131\u015f\u0131yor; bunun i\u00e7inde finansal piyasalar\u0131n a\u00e7\u0131lmas\u0131 (yabanc\u0131 giri\u015fine kademeli izin verilmesi) ve geli\u015ftirilmesi yer al\u0131yor.\n\n

Y\u00f6netim Ve Ba\u011f\u0131ms\u0131zl\u0131k<\/h3>\nPBoC, \u00c7in Halk Cumhuriyeti\u2019ne ba\u011fl\u0131 bir kamu kurumudur ve tam ba\u011f\u0131ms\u0131z (siyasi etkiden uzak) bir yap\u0131 de\u011fildir. Devlet Konseyi Ba\u015fkan\u0131 taraf\u0131ndan aday g\u00f6sterilen \u00c7in Kom\u00fcnist Partisi Komite Sekreteri, y\u00f6netim ve y\u00f6n \u00fczerinde belirgin etkiye sahiptir. Pan Gongsheng hem bu g\u00f6revi hem de ba\u015fkanl\u0131k g\u00f6revini y\u00fcr\u00fctmektedir.\n\nKullan\u0131lan politika ara\u00e7lar\u0131 aras\u0131nda; 7 g\u00fcnl\u00fck ters repo faizi (merkez bankas\u0131n\u0131n piyasadan k\u0131sa vadeli para \u00e7ekip verdi\u011fi i\u015flemlerde uygulad\u0131\u011f\u0131 oran), Orta Vadeli Kredi \u0130mkan\u0131 – MLF (bankalara orta vadeli fonlama kanal\u0131), d\u00f6viz piyasas\u0131na m\u00fcdahale (kur hareketini s\u0131n\u0131rlamak i\u00e7in al\u0131m-sat\u0131m) ve zorunlu kar\u015f\u0131l\u0131k oran\u0131 (bankalar\u0131n mevduat\u0131n bir k\u0131sm\u0131n\u0131 merkez bankas\u0131nda tutma \u015fart\u0131) bulunuyor. Kredi Ana Faizi – LPR (bankalar\u0131n kredilere baz ald\u0131\u011f\u0131 g\u00f6sterge faiz), kredi, konut kredisi ve mevduat faizlerini, ayr\u0131ca renminbi\/yuan kurunu etkiler.\n\n\u00c7in\u2019de 19 \u00f6zel banka var ve bunlar finansal sistem i\u00e7inde k\u00fc\u00e7\u00fck bir paya sahip. En b\u00fcy\u00fckleri, Tencent destekli WeBank ve Ant Group destekli MYbank gibi dijital kredi veren kurulu\u015flar. 2014\u2019te getirilen kurallar, \u00f6zel sermayeli yerli kredi kurulu\u015flar\u0131n\u0131n faaliyet g\u00f6stermesine izin verdi.\n\nPBoC, son USD\/CNY fiksingiyle yuan\u0131 s\u0131n\u0131rl\u0131 \u00f6l\u00e7\u00fcde daha zay\u0131f bir seviyeye y\u00f6nlendirdi (6,9057). Bu ad\u0131m, ekonomik b\u00fcy\u00fcmeyi destekleme tercihlerinin s\u00fcrd\u00fc\u011f\u00fcne i\u015faret ediyor; bu yakla\u015f\u0131m genellikle ihracat rekabeti (yurtd\u0131\u015f\u0131na sat\u0131\u015fta fiyat avantaj\u0131) ile ili\u015fkilendirilir. Bu nedenle, yak\u0131n vadede yuan\u0131n belirgin bi\u00e7imde g\u00fc\u00e7lenmesine y\u00f6nelik g\u00fc\u00e7l\u00fc bir istek beklenmiyor.\n\n

\u0130\u015flem Etkileri Ve Strateji<\/h3>\n2026\u2019n\u0131n ilk iki ay\u0131na ait son veriler ihracatta %7,1 art\u0131\u015fa i\u015faret ederek, yetkililerin istikrarl\u0131 ya da biraz daha zay\u0131f bir para birimini tercih etmesi i\u00e7in bir gerek\u00e7e sundu. Ancak bu ay 1 y\u0131ll\u0131k politika kredi faizi olan MLF\u2019nin %2,5\u2019te sabit tutulmas\u0131, merkez bankas\u0131n\u0131n deste\u011fi s\u00fcrd\u00fcr\u00fcrken sert kur de\u011fer kayb\u0131n\u0131 \u00f6nleme dengesini g\u00f6zetti\u011fini g\u00f6steriyor. Bu da y\u00f6netilen (kontroll\u00fc) ve \u00f6ng\u00f6r\u00fclebilir bir politika \u00e7izgisine i\u015faret ediyor.\n\nT\u00fcrev \u00fcr\u00fcn (opsiyon\/vadeli gibi) i\u015flemleri a\u00e7\u0131s\u0131ndan bu ortam, oynakl\u0131k sat\u0131\u015f\u0131 (fiyat dalgalanmas\u0131 beklentisi \u00fczerinden prim toplama) stratejilerini g\u00fcndeme getirebilir. 2025\u2019e bak\u0131ld\u0131\u011f\u0131nda PBoC\u2019nin sert hareketleri s\u0131n\u0131rlamak i\u00e7in d\u00fczenli olarak devreye girdi\u011fi ve USD\/CNY\u2019de ima edilen oynakl\u0131\u011f\u0131n (opsiyon fiyatlar\u0131ndan t\u00fcretilen beklenen dalgalanma) g\u00f6rece d\u00fc\u015f\u00fck kald\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc. Bu nedenle offshore yuan (CNH: yurtd\u0131\u015f\u0131nda i\u015flem g\u00f6ren yuan) \u00fczerinde k\u0131sa vadeli iron condor veya strangle gibi opsiyon stratejileri, fiyat\u0131n bant i\u00e7inde kalmas\u0131ndan faydalanabilir.\n\nYuan\u0131n sert zay\u0131flayaca\u011f\u0131 y\u00f6n\u00fcnde tek y\u00f6ne dayal\u0131 (sadece d\u00fc\u015f\u00fc\u015fe oynayan) pozisyonlarda temkinli olmak gerekir. Merkez bankas\u0131n\u0131n b\u00fcy\u00fck d\u00f6viz rezervleri (kur savunmas\u0131 i\u00e7in kullan\u0131lan yabanc\u0131 para stoku) dahil politika ara\u00e7lar\u0131, d\u00fczensiz hareketleri engellemek ve genel istikrar\u0131 korumak i\u00e7in tasarlanm\u0131\u015ft\u0131r. Yuan \u00e7ok h\u0131zl\u0131 zay\u0131flarsa, kamu bankalar\u0131n\u0131n m\u00fcdahale etme olas\u0131l\u0131\u011f\u0131 da dikkate al\u0131nmal\u0131d\u0131r.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

PBoC, USD\/CNY fiksingini 6,9057\u2019ye \u00e7ekerek yuan\u0131 kontroll\u00fc zay\u0131flatma sinyali verdi. B\u00fcy\u00fcmeyi desteklerken sert de\u011fer kayb\u0131n\u0131 frenliyor; d\u00fc\u015f\u00fck oynakl\u0131kta opsiyon stratejileri \u00f6ne \u00e7\u0131kabilir.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30377","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30377"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30377\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}