If the Chinese Yuan (RMB) appreciates, what is its effect on a Chinese B share?

Chinese B shares trade in US dollars on the Shanghai exchange, and Hong Kong dollars (which are pegged to US$) on the Shenzhen exchange. If the Chinese Yuan appreciates, what will the impact be on a B share? Will there be a price movement, and if so which direction?





Thanks for the help|||Whenever the Yuan appreciates the B shares go up. The reason for this is supposed to be that as Yuan appreciates the B shares become cheaper for Chinese, so they buy them thus passing along the currency appreciation to the B shares.|||Any appreciation in domestic currency makes imports cheaper and exports costlier. Therefore, it is good for domestic importers and hurts exporters. Companies having major import exposure would benefit and software exporters get affected.