华夏时报（www.chinatimes.net.cn）记者 卢梦雪 北京报道 6月18日，在2025年陆家嘴论坛上，中国人民银行行长潘功胜宣布了八项金融开放举措，其中包括，将设立数字人 民币国际运营中心，推进数字人民币的国际化运营与金融市场业务发展，服务数字金融创新。 上海金融与发展实验室首席专家、主任曾刚向《华夏时报》记者分析指出，设立数字人民币国际运营中心是增强 人民币国际化，推动跨境支付和跨境贸易发展的重要举措，对于设立地上海的金融市场发展将起到积极作用。 今年4月21日，中国人民银行、上海市人民政府等4部门联合印发的《上海国际金融中心进一步提升跨境金融服务 便利化行动方案》指出，支持在沪数字人民币运营试点银行积极参与多边央行数字货币桥项目，探索创新特色场 景；支持外汇交易中心为多边央行数字货币桥提供外汇流动性管理及兑换服务。 "中国经济已经走到了资本输出和人民币国际化的关键时点，离岸贸易看似是单一试点，实则牵动人民币国际化、 全球供应链重组、金融开放三盘大棋。"张林向《华夏时报》记者分析认为，在上海开展的离岸贸易金融服务综合 改革试点也将成为数字人民币跨境应用的良好试验田，比如在试点内探索比如用数字货 ...

Core Insights - The 2025 Lujiazui Forum highlighted the focus of Chinese financial authorities on cross-border payment systems, emphasizing the need for innovation and efficiency in this area [1][2] Group 1: Digital Currency and Cross-Border Payments - The People's Bank of China announced the establishment of a digital RMB international operation center in Shanghai to promote the internationalization of the digital currency and financial market development [1] - The rise of central bank digital currencies (CBDCs) and stablecoins is reshaping traditional payment systems, significantly reducing the cross-border payment chain [1][2] - The RMB has become the second-largest trade financing currency and the third-largest payment currency globally, reflecting its increasing international status [2] Group 2: Challenges and Innovations in Cross-Border Payment Systems - Traditional cross-border payment systems face challenges such as low efficiency and high costs, prompting a global call for improvement and diversification [2] - The multilateral central bank digital currency bridge project has shown promising results, with payments processed in 6 to 9 seconds, compared to 2 to 5 days for traditional methods, and nearly halving transaction costs [3] - The interoperability of payment systems is improving, with countries extending operational hours and adopting international messaging standards to enhance cross-border payment efficiency [4] Group 3: Regional Cooperation and Future Trends - The renewal of the bilateral currency swap agreement between the People's Bank of China and the Central Bank of Turkey supports the use of local currencies for cross-border settlements [2] - The trend towards a more efficient, secure, inclusive, and diversified global cross-border payment system is expected to continue [4]

Group 1: International Monetary System - The discussion on reforming the international monetary system has two main directions: reducing reliance on a single sovereign currency and promoting a few strong sovereign currencies to create healthy competition [2] - The second direction involves the potential for a supranational currency, such as the IMF's Special Drawing Rights (SDR), to become the international dominant currency, though it faces political consensus challenges and limited market depth [3] Group 2: Cross-Border Payment System - There is a growing demand for improvements in the cross-border payment system, with emerging payment infrastructures and settlement methods driving it towards greater efficiency, security, inclusiveness, and diversity [4] - The cross-border payment system is diversifying, with more countries using local currencies for settlement, and new payment systems emerging alongside traditional models [4] - The interoperability of payment systems is improving, with countries extending operational hours and adopting international messaging standards to enhance efficiency and reduce costs [5] Group 3: Global Financial Stability System - The global financial stability system faces new challenges, including fragmented regulatory frameworks and insufficient oversight in emerging digital finance sectors [6] - A strong IMF is essential for building a diverse and efficient global financial safety net, maintaining consistency and authority in global financial regulatory rules [6] Group 4: Governance of International Financial Organizations - The IMF plays a central role in global economic governance, with its quota system determining crisis response capabilities and member voting rights [7] - Current IMF quotas do not reflect the relative positions of member countries in the global economy, and adjusting these quotas is crucial for enhancing the IMF's governance legitimacy and representation [8]

印度国家证券交易所将股权衍生品合约的到期日调整至星期二。 ...

预约 我 下一场直播 本文重点 观点来自： 6 月 11 日本周三直播 【 强 烈建议直接看】 本段视频精华，逻辑更完整 文字版速览 稳定币，为什么最近它在市场上这么火。先说本质，稳定币其实是一种基于区块链的数字货币，它跟传 统货币比如美元挂钩，常见的有 USDC 和 USDT。这两个币种背后的机制就是：我拿一美元去换一个 USDC，那么 USDC 的发行方就会拿我的这一美元去买等值的短期美债，存在托管银行里。当我想把 USDC 换回美元时，他们就卖掉美债，把钱还我。这个过程保证了它背后有真实资产支撑，不是像之前 那些"空气币"一样啥也没有。 所以说，从机制上讲，它其实非常安全，几乎是 1:1 和美元挂钩的。这种机制决定了它和美元的兑换是 稳定的，也就是"稳定币"名字的由来。但你可能会问：既然是美元 1:1，那直接用美元不就完了？为啥 还得整出个稳定币？这就涉及到技术了。 。欢迎大家 点击【预约】 按钮 尝鲜价1年立省600元！ 2年即享3年服务，或获赠老徐线下见面会VIP门票！名额有限， 快点下单抢占福利吧！ 稳定币基于的是区块链技术，它的优势就很明显了。比如跨境转账，从 Swift 的 1-3 天缩短到区 ...

研究所 震荡下行，关注主力合约移仓换月 ——国信期货纸浆周报 2025年6月15日 3 后市展望 目 录 CONTENTS 研究所 1 本周行情回顾 2 基本面分析 免责声明：本报告以投资者教育为目的，不构成任何投资建议。 数据来源：文华财经 国信期货 4 研究所 第 P 二 a 部 研究所 第 P 一 a 部 r 分 t1 行情回顾 一、本周行情回顾 研究所 纸浆期货主力合约进行移仓换月。SP2509偏弱运行，周度跌幅0.72%。 r 分 t2 基本面分析 二、基本面分析：纸浆市场价格 研究所 卓创资讯监测数据显示，截至6月12日，本周进口针叶浆周均价5989元/吨，较上周持平，由跌转稳；进口阔叶浆周均价4161元/吨，较上周上涨0.07%，由 跌转涨；进口本色浆周均价5272元/吨，较上周下跌0.75%，跌幅较上期扩大0.17个百分点；进口化机浆周均价3818元/吨，较上周下跌0.52%，跌幅较上期 扩大0.42个百分点。 免责声明：本报告以投资者教育为目的，不构成任何投资建议。 数据来源：Choice 国信期货 6 二、基本面分析：4月份纸浆进口量环比下滑 研究所 进口方面，据中华人民共和国海关总署数据 ...

Core Viewpoint - The financial markets experienced significant turmoil due to geopolitical tensions, specifically Israel's attack on Iran, leading to a sharp decline in U.S. stock futures and a notable impact on the cryptocurrency market, particularly Bitcoin [1][3]. Market Reaction - U.S. stock futures saw a drastic drop, with the S&P 500 futures falling 1.5% to 5,961.75 points, Nasdaq 100 futures plunging 1.7% to 21,567.55 points, and Dow futures decreasing 1.3% to 42,408.0 points [1]. - Bitcoin's price fluctuated significantly, reaching $85,523.80 as of April 15, 2025, after hitting a historical high of $108,077 in December 2024, marking a decline of approximately 22.82% from that peak [1]. XBIT Decentralized Exchange Platform - XBIT's decentralized exchange platform is highlighted for its unique features, including the use of distributed ledger technology, which enhances security by storing data across multiple nodes, making it less vulnerable to attacks compared to centralized exchanges [3][6]. - The platform allows users to maintain control over their assets, with private keys held by the users themselves, mitigating risks associated with asset control transfer seen in centralized exchanges [3][6]. Information and Trading Features - XBIT employs a robust smart contract system that filters and consolidates market information, ensuring that investors receive accurate and valuable insights while avoiding misleading content [4]. - The platform supports various cryptocurrency trading pairs, including Bitcoin, and offers tools such as real-time market data and depth chart analysis to assist investors in making informed trading decisions [6]. - XBIT's lower trading fees enhance cost efficiency for investors, allowing for increased potential returns compared to traditional trading platforms [6].

本文摘自：2025年6月13日发布的 TS合约的持仓集中度如何解读 唐元懋 ，资格证书编号： S0880524040002 我们认为造成这一现象的核心是低利率环境、债市谨慎情绪与高 IRR 的共同作用。 首先， TS 合约 IRR 策略性价比较高， TS2506 合约切换至主力合约时 IRR 已经达到 2.3% ，并且后续也持续在 2% 以上， 至 4 月上旬一度达到 2.7% ， TS 合约正套策略性价比较高；其次，市场情绪相对谨慎，对中性策略接 受度更高；最后，低利率环境下正套策略提供的收益率相较以往具有更为突出的吸引力。 TS 空单集中至个别会员机构上的现象在 2024 年年初至 2024 年 5 月也曾经发生过，复盘来看， 2024 年 TS 合约空单集中到分散可以分为以下三个阶段。① 2024 年初至 2024 年 5 月：正套资金入场带动 TS 空单集中至单个会员机构。 2023 年末债市"抢跑"行为驱动下多头情绪迅速升温， TS 合约基差下降 至 -0.24 元， IRR 则最高攀升至 3.4% ，吸引正套资金入场带动 TS 空单集中至单个会员机构， ②单个 机构 TS 合约空单持仓占比触顶回落 ...

午盘收盘，国内期货主力合约有涨有跌。SC原油、燃料油涨超7%，低硫燃料油（LU）涨超5%，液化 石油气（LPG）、甲醇涨超4%，苯乙烯（EB）、PX、沥青、PTA涨超3%。跌幅方面，纯碱、烧碱跌超 2%，工业硅、氧化铝、碳酸锂、玻璃、沪锌、纸浆跌超1%。 ...

Group 1 - Domestic futures main contracts showed mixed performance at midday, with industrial silicon rising over 2% [1] - Lithium carbonate, coke, Shanghai zinc, Shanghai aluminum, coking coal, and iron ore all increased by more than 1% [1] - In terms of declines, palm oil and European shipping lines fell over 2%, while logs, urea, manganese silicon, and asphalt dropped by more than 1% [1]