Group 1 - The issuance of the first RMB-denominated sovereign bonds in Moscow by Russia is seen as a significant event in the internationalization of the RMB, reflecting a broader trend of countries adopting the currency for settlement, reserves, and financing [1][2] - Over 80 countries and regions have included RMB in their foreign exchange reserves, totaling $247 billion, with its share rising to 2.18%, an increase of 1.1 percentage points since its inclusion in the SDR in 2016 [2] - Countries like Kazakhstan, Kenya, Slovenia, and Pakistan are increasingly issuing RMB-denominated bonds or converting debts to RMB, indicating a recognition of the stability of RMB assets [5][7] Group 2 - The global preference for RMB is a rational response to the imbalances in the current international monetary system, particularly in light of the politicization of the SWIFT system and financial sanctions by the U.S. [9][11] - The stability of RMB assets is highlighted by China's 10-year government bond yield at around 2.8%, which offers a clear advantage over negative-yielding assets in the Eurozone and Japan [13] - The internationalization of RMB is driven by market forces, with the IMF indicating that this trend will continue as China's role in the global economy and trade strengthens [15] Group 3 - China maintains a calm and steady approach to RMB internationalization, emphasizing market-driven principles and avoiding the pursuit of currency hegemony [16][17] - The Chinese government is actively enhancing the convenience of cross-border RMB usage through financial opening and institutional improvements, including the issuance of RMB bonds in Hong Kong [19] - The central bank plans to continue developing policies for cross-border RMB use and increasing risk hedging tools to support various market participants in conducting trade financing and overseas loans in RMB [19]
西方硬炒 “货币战争”,人民币却被多国疯抢,谎话掩盖不了事实
Sou Hu Cai Jing·2025-12-03 23:16