Group 1 - The event "Creating a New Global Financial Landscape - RMB Cross-Border Use and Bond Market" was successfully held in Dubai, co-hosted by the Bank of China and Nasdaq Dubai, with around 150 participants from regulatory bodies, financial institutions, and enterprises in the Middle East [1] - The Chinese Ambassador to the UAE emphasized that financial cooperation is a key area for mutual benefit in China-UAE relations, highlighting the significant increase in the use of RMB by UAE institutions [3] - The COO of Dubai Financial Market stated that the internationalization of RMB has a profound impact on global markets, with several Chinese banks issuing bond products in the UAE, reinforcing Dubai's status as a major financial center [6] Group 2 - Data from the People's Bank of China indicates that RMB has become the second-largest trade financing currency and the third-largest payment currency globally, with over 10 trillion RMB in financial assets held by foreign entities in China by September 2025 [6] - The annual growth rate of RMB cross-border use between China and the Middle East from 2020 to 2024 reached 53%, with a projected cross-border payment amount of 1.1 trillion RMB in 2024, marking a 23.8% year-on-year increase [6] - The Bank of China aims to deepen cooperation in cross-border settlement, bond issuance, and clearing services in the Middle East, leveraging its extensive global network established since 2012 [7]
共商跨境使用与债券市场新机遇