清华大学五道口金融学院特聘教授施康：人民币国际化之路漫长且充满挑战

Group 1: Global Currency System and Dollar Status - The recent sell-off of dollar assets is viewed as a short-term phenomenon, and despite a decline in trust, the dollar's dominant position in the global currency system remains difficult to challenge [4] - New currencies like the euro, renminbi, and Special Drawing Rights (SDR) are unlikely to gain widespread acceptance in the short term, as the formation of reserve currencies requires long-term accumulation of national economic strength [4] - The transition from a unipolar to a multipolar global currency system requires significant changes in the economic field, which is still a distant goal [4] Group 2: Development of Digital Renminbi - Public acceptance of digital renminbi depends on its advantages over existing payment methods; without unique benefits, it may struggle to gain popularity [5] - The success of digital renminbi in international markets faces challenges similar to those in China, where entrenched payment methods like credit cards hinder the adoption of alternatives [5] - Market forces should drive the development of digital renminbi, with widespread adoption occurring only when businesses find it more convenient and cost-effective than traditional banking [5] Group 3: Internationalization of Renminbi - The path to renminbi internationalization is long and challenging, with non-convertibility and strict capital controls being the main obstacles [7] - Despite China's significant role in global trade, the current economic environment is not conducive to opening capital accounts and achieving full convertibility of the renminbi [7] - Long-term, as China's economy continues to develop, issues surrounding renminbi convertibility and capital flow will gradually be resolved, leading to its important position in the global currency system [7]