Abstract: Under the overall development trend of global economic and financial integration, China's financial market, capital market and the integration degree of macroeconomic operation and international economy are constantly improving, which brings new opportunities to China's economic development, but also brings new risk factors; it brings impact to China's macroeconomic operation and affects the stability of China's economic development. In order to alleviate the sustained impact of RMB exchange rate changes on the macro-economy, this paper analyzes the impact of asset price and RMB exchange rate coordination on the stable economic growth from the perspective of theoretical research and empirical analysis. The results show that there is a significant correlation between the RMB exchange rate and the stock price index. The stock price index will change in the same direction with the change of the RMB exchange rate, but there is a significant lag period. The asset price and the RMB exchange rate are linked and have a stable economic growth effect.

Key words: Asset price, RMB exchange rate, dynamic stochastic equilibrium model, macroeconomic