digihuman(BJ:835670) Sou Hu Cai Jing·2025-06-21 00:37Core Insights - The establishment of the Digital Renminbi International Operation Center aims to promote the internationalization of the digital renminbi and enhance financial market operations, serving as a key step in China's financial reform and the global financial transformation [1][4] Group 1: Digital Renminbi and Internationalization - The digital renminbi is backed by state credit, ensuring its authority as legal tender, and is positioned to reshape the global payment system [3] - The renminbi has become the second-largest trade financing currency globally and the third-largest payment currency, indicating its rising international status [1][2] - The renminbi's inclusion in the IMF Special Drawing Rights (SDR) basket and the increase in its weight from 10.92% to 12.28% reflects its transition from an emerging market currency to a key international reserve asset [2] Group 2: Cross-Border Payment Innovations - The Digital Renminbi International Operation Center is expected to enhance the efficiency and reduce the costs of cross-border payments, transforming the global clearing infrastructure [4] - The digital renminbi's "payment upon settlement" feature reduces intermediary costs and improves fund circulation efficiency [3] - The currency's integration with the "mBridge" project allows for significant cost reductions in cross-border payments, positioning it as a potential alternative to the SWIFT system [3][4] Group 3: Market Dynamics and Future Outlook - Over 80 foreign central banks have included the renminbi in their foreign exchange reserves, highlighting its growing acceptance as a "new safe asset" [2] - The digital renminbi is anticipated to play a crucial role in breaking the dollar's payment monopoly, marking a shift towards a multipolar international monetary system [4] - The establishment of the Digital Renminbi International Operation Center signifies a strategic move for China to enhance its influence in global financial governance and reshape the rules of the international monetary system [4]