国际航空运输协会新增人民币作为结算货币，“人民币国际化的又一里程碑”

Core Insights - The internationalization of the Renminbi (RMB) is accelerating, with the International Air Transport Association (IATA) announcing the inclusion of RMB in its settlement currency list, allowing global airlines to settle transactions in RMB starting December [1][2] - The People's Bank of China (PBOC) has shifted its stance on RMB internationalization, emphasizing a proactive approach to expand the use of RMB in trade and finance [2] - The RMB has become the second-largest trade financing currency globally and the third-largest payment currency, with significant growth in cross-border transactions [3] Group 1: IATA and RMB Settlement - IATA's announcement allows for RMB settlements, which will reduce costs and speed up transactions for airlines [1] - The IATA platform currently supports seven major currencies, processing a total of $63.8 billion in settlements last year [1] Group 2: PBOC's Policy Shift - PBOC Governor Pan Gongsheng has indicated a more aggressive push for RMB internationalization, marking a shift from previous cautious language [2] - The RMB internationalization is now a strategic initiative within China's 14th Five-Year Plan [2] Group 3: Cross-Border RMB Transactions - In 2024, the total RMB cross-border payment amount is projected to reach 64.1 trillion yuan, a year-on-year increase of 22.6% [3] - Significant growth in RMB usage is noted in ASEAN countries, with a 50.7% increase in cross-border payments to 8.9 trillion yuan [3] - The RMB cross-border payment amount with the Middle East is expected to reach 1.1 trillion yuan in 2024, reflecting a 23.8% growth [3] Group 4: Global Payment Trends - The share of RMB in global payments has increased from 2.07% at the end of 2018 to 3.17% in September of this year [4]