LBX(SH:603883) Sou Hu Cai Jing·2025-08-04 03:47Core Viewpoint - The rise of the Renminbi (RMB) is reshaping wealth security perceptions globally, as it becomes a safe haven for investors amid global market volatility caused by Federal Reserve interest rate hikes [1][8]. Group 1: RMB Internationalization Progress - In Q1 2024, RMB bonds attracted a net inflow of 120 billion yuan from foreign investors, marking a three-year high and indicating steady progress in RMB internationalization [1]. - China has signed currency swap agreements with 40 countries across Asia, Africa, Latin America, and Europe, totaling over 4 trillion yuan, providing a financial safety net during dollar liquidity crises [3]. Group 2: Global Adoption and Usage - RMB deposits in Moscow's foreign trade bank have reached 33% of total foreign currency savings, expected to rise to 50% by year-end, reflecting the currency's growing international appeal [5]. - Various countries are increasingly using RMB for transactions, such as Argentine supermarkets pricing beef in RMB and Thai convenience stores accepting RMB payments [5]. Group 3: Impact on Daily Life and Prices - The direct trading of RMB with over 30 countries has reduced the price volatility of imported goods, with the price fluctuation of imported soybeans dropping from 15% to 9% after switching to RMB settlement [6]. - In 2023, the overall price volatility of imported grain and oil settled in RMB decreased by 40%, contributing to more stable consumer prices [6]. Group 4: Cross-Border Payment System - The Cross-Border Interbank Payment System (CIPS) now covers 186 countries, processing over 480 billion yuan daily, significantly lowering transaction fees for individuals and businesses [7]. - Over 200 universities globally support RMB payments, enhancing convenience for students studying abroad [7]. Group 5: Macroeconomic Implications - More than 80 countries have included RMB in their foreign exchange reserves, and the IMF has increased the RMB's weight in Special Drawing Rights (SDR) to 12.28%, strengthening its international credit [7]. - A 1% increase in RMB internationalization can reduce domestic inflation pressure by an average of 0.3 percentage points [7]. Group 6: Overall Economic Impact - The internationalization of the RMB is fundamentally altering economic dynamics, leading to more stable prices, safer savings, and enhanced financial security for ordinary citizens [8].