蔡浩：人民币国际化步伐可适度加快

Group 1 - The core viewpoint is that while betting on a rapid decline of the US dollar may be premature, its long-term weakening provides opportunities for gold, the Chinese yuan, and the euro [1][3] - The proportion of the US dollar in global foreign exchange reserves has fallen to its lowest level in 40 years, while gold prices have reached multi-decade highs, indicating a loss of confidence in dollar assets [3] - The international monetary system may gradually shift towards a multipolar structure, potentially leading to a "tripod" balance among the US dollar, euro, and yuan [3] Group 2 - The euro faces limitations due to a lack of unified fiscal policy and internal political differences, while the yuan is seen as more stable [3] - The Chinese industrial chain has high added value and irreplaceability, suggesting that the internationalization of the yuan could accelerate under controlled conditions [3] - A key shortcoming in promoting yuan internationalization is its "investment and financing function," which needs to be deepened despite its increasing share in trade settlements [3] - It is suggested to explore the establishment of offshore yuan trading centers domestically to attract qualified foreign investors for yuan investment and financing, thereby broadening the path for yuan internationalization [3]