\u00c7in Merkez Bankas\u0131 (PBOC), Cuma g\u00fcn\u00fc i\u00e7in USD\/CNY merkez\u00ee paritesini 6,8628 olarak belirledi. \u00d6nceki g\u00fcn 6,8608\u2019di.<\/p>\n
PBOC\u2019nin para politikas\u0131 hedefleri aras\u0131nda fiyat istikrar\u0131n\u0131 (kur istikrar\u0131 dahil) korumak ve ekonomik b\u00fcy\u00fcmeyi desteklemek yer al\u0131yor. Ayr\u0131ca finansal piyasalar\u0131 a\u00e7ma ve geli\u015ftirme gibi finansal reformlar \u00fczerinde \u00e7al\u0131\u015f\u0131yor.<\/p>\n
PBOC, \u00c7in Halk Cumhuriyeti devletine ait oldu\u011fu i\u00e7in ba\u011f\u0131ms\u0131z bir kurum de\u011fil. Devlet Konseyi Ba\u015fkan\u0131 taraf\u0131ndan aday g\u00f6sterilen \u00c7in Kom\u00fcnist Partisi Komitesi Sekreteri kurumun y\u00f6netim ve y\u00f6n\u00fc \u00fczerinde etkili; Pan Gongsheng hem bu g\u00f6revi hem de ba\u015fkanl\u0131k g\u00f6revini y\u00fcr\u00fct\u00fcyor.<\/p>\n
PBOC\u2019nin ara\u00e7lar\u0131 aras\u0131nda 7 g\u00fcnl\u00fck ters repo faizi (bankalara k\u0131sa vadeli likidite sa\u011flama i\u015flemlerinde uygulanan faiz), Orta Vadeli Bor\u00e7 Verme \u0130mk\u00e2n\u0131\/MLF (bankalara daha uzun vadeli fonlama kanal\u0131), d\u00f6viz piyasas\u0131na m\u00fcdahale (kur \u00fczerindeki dalgalanmay\u0131 s\u0131n\u0131rlamak i\u00e7in al\u0131m-sat\u0131m) ve Zorunlu Kar\u015f\u0131l\u0131k Oran\u0131\/RRR (bankalar\u0131n mevduat\u0131n bir k\u0131sm\u0131n\u0131 Merkez Bankas\u0131\u2019nda tutma oran\u0131) bulunuyor. Kredi Ana Faizi\/LPR ise \u00c7in\u2019in referans faizidir; kredi, konut kredisi ve mevduat faizlerini, ayr\u0131ca Renminbi kurunu etkiler.<\/p>\n
\u00c7in\u2019de 19 \u00f6zel banka bulunuyor ve bunlar finansal sistem i\u00e7inde s\u0131n\u0131rl\u0131 bir paya sahip. 2014\u2019te tamamen \u00f6zel sermayeyle finanse edilen yerli bankalar\u0131n, devletin a\u011f\u0131rl\u0131kl\u0131 oldu\u011fu sekt\u00f6rde faaliyet g\u00f6stermesine izin verildi.<\/p>\n
PBOC, yuan i\u00e7in g\u00fcnl\u00fck referans kuru (piyasada \u201cfixing\u201d; g\u00fcn i\u00e7i i\u015flemler i\u00e7in y\u00f6n veren merkez\u00ee seviye) hafif daha zay\u0131f belirleyerek kademeli de\u011fer kayb\u0131na izin verdi\u011finin sinyalini verdi. Bu ad\u0131m, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faizleri uzun s\u00fcre y\u00fcksek tutma mesaj\u0131 verdi\u011fi ve Mart 2026 ABD enflasyon verilerinin beklentiden daha inat\u00e7\u0131 geldi\u011fi bir d\u00f6neme denk geldi. Bunu, g\u00fc\u00e7lenen dolara kar\u015f\u0131 ihracat rekabetini korumay\u0131 hedefleyen kontroll\u00fc bir ad\u0131m olarak g\u00f6r\u00fcyoruz.<\/p>\n
Bu yakla\u015f\u0131m, \u00f6n\u00fcm\u00fczdeki haftalarda yuan i\u00e7in a\u015fa\u011f\u0131 y\u00f6n\u00fcn daha olas\u0131 oldu\u011funa i\u015faret ediyor. 2026 ilk \u00e7eyrek GSYH b\u00fcy\u00fcmesi (ekonominin toplam \u00fcretimi) %4,8 ile makul gelse de veriler gayrimenkul sekt\u00f6r\u00fcndeki zay\u0131fl\u0131\u011f\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc ve t\u00fcketici talebinin yava\u015f kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Nisan 2026 Caixin \u0130malat PMI (Sat\u0131n Alma Y\u00f6neticileri Endeksi; 50\u2019nin \u00fcst\u00fc geni\u015fleme, alt\u0131 daralma) 50,8 ile s\u0131n\u0131rl\u0131 bir b\u00fcy\u00fcmeye i\u015faret ederek, b\u00fcy\u00fcmeyi destekleyen ad\u0131mlara alan b\u0131rak\u0131yor.<\/p>\n
T\u00fcrev \u00fcr\u00fcn yat\u0131r\u0131mc\u0131lar\u0131 (vadeli i\u015flem, opsiyon gibi ara\u00e7larla i\u015flem yapanlar), daha y\u00fcksek USD\/CNY senaryosuna g\u00f6re pozisyon almay\u0131 de\u011ferlendirebilir; kurun 6,90\u2019a yakla\u015fmas\u0131 olas\u0131. Uzun vadeli forward s\u00f6zle\u015fmeleri (bug\u00fcnden gelecekteki kurdan al\u0131m-sat\u0131m anla\u015fmas\u0131) veya CNH\u2019ye kar\u015f\u0131 USD al\u0131m opsiyonu (call; belirli fiyattan dolar alma hakk\u0131) bu e\u011filimden faydalanmak i\u00e7in uygun se\u00e7enekler olabilir. Bu yakla\u015f\u0131m, riskin ba\u015ftan tan\u0131mlanmas\u0131n\u0131 sa\u011flar; \u00e7\u00fcnk\u00fc PBOC\u2019nin sert ve d\u00fczensiz d\u00fc\u015f\u00fc\u015fleri s\u0131n\u0131rlamas\u0131 beklenir.<\/p>\n
\u00c7in ekonomik alg\u0131s\u0131 i\u00e7in g\u00f6sterge say\u0131labilecek varl\u0131klar da izlenebilir; \u00f6rne\u011fin Avustralya dolar\u0131. Zay\u0131flayan yuan emtia fiyatlar\u0131 \u00fczerinde bask\u0131 yaratabilir ve bu durum AUD\u2019yi etkileyebilir. Bu nedenle AUD\/USD vadeli i\u015flemlerinde veya opsiyonlar\u0131nda k\u0131sa pozisyon (d\u00fc\u015f\u00fc\u015f beklentisiyle sat\u0131\u015f) taktik bir korunma arac\u0131 veya ba\u011f\u0131ms\u0131z bir i\u015flem fikri olabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
PBOC, USD\/CNY fixing\u2019ini 6,8628\u2019e \u00e7ekerek yuanda kontroll\u00fc zay\u0131flama mesaj\u0131 verdi. Fed\u2019in \u015fahin tonu ve zay\u0131f i\u00e7 talep bask\u0131s\u0131yla 6,90 olas\u0131; opsiyon\/forward stratejileri \u00f6ne \u00e7\u0131k\u0131yor.<\/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-45921","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\/45921","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=45921"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}