sea wave jewelry wholesale inc What will have an impact on China after the internationalization of the renminbi?

marjorie baer jewelry wholesale Core data in this article: "Dual Cycle" promoting paths for the internationalization of the RMB, summary of bilateral currency swap/cooperation agreement
1. Policy guidance of RMB internationalization to adapt to real needs
-"14th Five -Year Plan" guide the RMB The internationalization of internationalization is stable
The policy guidance is an important driving factor for the international development of the RMB. The "Fourteenth Five -Year Plan" plan clearly creates a new type of mutual benefit cooperation based on the free use of RMB. It is proposed that it is necessary to promote the internationalization of the RMB steadily, adhere to market -driven and independent choices of enterprises, and compared with the "steady advancement" of the "Thirteenth Five -Year Plan", "steady" emphasizes the advancement of the internationalization of the RMB and the comprehensive strength of the country and the financial financial strength and finance. The degree of openness and the needs of real use. The expansion of real use of demand is the main driving force for the internationalization of the RMB. It requires China to strengthen the attraction of RMB from its own and promote mutually beneficial cooperation between international, so as to promote more market entities to choose RMB for settlement.
-Policy guidelines for the use of convenient development of cross -border RMB
"Notice on Further Optimizing Cross -border Renminbi Policy to Support Foreign Trade and Stable Foreign capital" issued in January 2021, which is proposed to settle in RMB settlement and cross -border trade investment in trade investment. RMB settlement process, cross -border RMB investment and financing management, individual regular items of RMB cross -border receipts, and foreign institutions' RMB bank settlement accounts optimize the cross -border RMB policy, and promote the facilitation development of cross -border RMB around the real economy needs Essence
2, the coordination of the internationalization of the RMB and the "dual cycle"
-RMB internationalization is a large pillar of the construction of the "dual cycle"
In a significant changes in the domestic and foreign environments, China The new development pattern of "the domestic large -cycle as the main body and the domestic and international dual cycles promotes each other", and is committed to enlarging the domestic market, and at the same time adhere to the opening of the industry to continuously promote the upgrading of the industrial chain. The construction of "dual -cycle" is inseparable from the two pillars of "new urbanization" and "RMB internationalization". The internationalization of RMB is an important pillar of the "dual -cycle" pattern construction at the level of the financial system, which is indispensable for China's maintenance of stable economic development in the wave of globalization.
-"dual cycle" promotes RMB soft and hard power dual improvement
The strategic goal of accelerating the formation of a new development pattern of "dual -cycle" to create new historical opportunities for the RMB near the first echelon of the international currency. Wang Fang, deputy director of the Institute of International Monetary of Renmin University of China, said that the high -level economic and external dual -cycle can support the high -level international use of sovereign credit currency. The smooth flow of domestic cycles can release the potential of domestic consumption and investment markets, ensure the profitability and safety of RMB assets, and create the demand for non -residents to create non -residents by improving the hard power of the RMB; and the unblocked international cycle is based on high levels of openness and openness and openness. Multiple forms of trade, creating new advantages of international cooperation and competition, increasing the international use scenarios and stickiness of the RMB, and enhancing soft power to develop the habit of using non -residents for the use of RMB.
3, statutory digital currency is conducive to RMB payment settlement
-Digital currency is conducive to reducing the hidden dangers of RMB cross -border settlement
At present, although China has launched CIPS of the RMB cross -border clearing system, due to cross -border cross -border The financial information communication link is not independent, and the cross -border settlement of RMB still depends on the American SWIFT system. Based on the improvement of cross -border settlement efficiency, legal digital currency cross -border payment and settlement systems with decentralization, non -tampering, open transparency and other characteristics will become strong competitors of the SWIFT system. ", Reduce the hidden dangers of the RMB cross -border settlement.
-Digital currency to promote the internationalization of the RMB needs to be combined with financial reform
For a long time, the promotion of digital currencies on the internationalization of the RMB is mainly reflected in the development of the RMB payment settlement business, the improvement of the payment settlement system and the improvement of the payment settlement system Breaking the inertia of international currency use three points. However, it should be noted that the promotion of statutory digital currencies is a non -sufficient condition for the internationalization of the RMB. The focus of the central bank's legal digital currency is the improvement of the RMB payment settlement technology. The progress of reform and opening up and the enhancement of China's economic strength and international status.
The premise of the development of the legal digital currency of the Central Bank of China to promote the internationalization of the RMB is to promote financial reforms to achieve free exchange of capital accounts. Only under the conditions of capital account opening, China's digital currency can achieve efficient cross -border payment clearing and liquidation. , And then promote the internationalization of the RMB.
4, RCEP signing the demand for cross -border use of RMB
-RCEP steadily promotes currency cooperation between China and member states
Initiative, it lasted eight years and was officially signed in November 2020. RCEP is called the largest free trade agreement negotiations in the Asia -Pacific region, including 15 member states, including China. As of now, China has signed currency swap/cooperation agreements with 9 member states. The bilateral local currency exchange agreement can effectively enhance the currency anchor effect of the RMB and provide basic guarantees for the internationalization of the RMB.
-RCEP signed the internationalization and application scenarios for the internationalization of the RMB
RCEP. More real needs have been increased, which can further play the functions of the RMB international settlement and financial trading functions, provide a broader market for the use of the renminbi, and add new impetus to the internationalization of the RMB.
It data refer to the "China Financial Industry Innovation Trends and Corporate Development Strategic Analysis Report" refer to the Foresight Industry Research Institute.

pretty jewelry boxes wholesale The impact on China is that it will increase China's international status, and it will also increase China's RMB exchange rate. It will also allow the renminbi to flow to the world. It will also increase the value of the renminbi. It is the impact of China after the internationalization of the renminbi.