其三，补齐上海国际金融中心"离岸功能"的短板。通过全品类离岸金融业务布局，形成"在岸监管 规范、离岸自由灵活"的双轮驱动格局，助力上海在2035年建成"全球顶级的国际金融中心"。 上海临港特殊经济功能区的核心底气，源于省级经济社会管理权限的制度赋能。与普通自贸试验区 相比，其拥有三项关键权限：总投资超50亿元的离岸项目由管委会"一站式办结"，无需层层上报；自主 对接国际金融机构与跨国总部，统筹离岸资金池和跨境技术转移；获顶层设计支持，可在税收、金融、 数据跨境等领域自主制定专项政策。 然而，受我国分业监管格局影响，核心授权尚未真正落地。比如，金融领域的创新政策需对接多部 委监管要求，部分政策备案后仍需部委合规校验，落地周期长；税收领域因"统一税政"框架，地方自主 空间有限，优惠细则衔接部委政策时推进缓慢；数据跨境领域需国家层面安全评估，流程远超企业预 期。这一落差削弱了功能区的吸引力，使"2030年离岸金融资产突破1.2万亿元"的目标面临落空风险。 欲破解上述困境，需国家明确部委与地方的权责清单，建立跨部门快速协调机制，让省级授权切实转化 为功能区的核心竞争力。这种"权责对等"的探索空间，应借鉴迪拜杰贝阿里自 ...

Core Viewpoint - The diversification of payment systems and currencies is an irreversible trend in the context of increasing globalization and diversification of global trade, with a focus on enhancing trade volume and settlement in Renminbi among China and developing countries [2][3][4]. Group 1: Payment System Diversification - Following the exclusion of Russia from the SWIFT system, many countries have recognized the risks of over-reliance on the dollar and are seeking alternative payment systems [2][3]. - China has actively promoted the internationalization of the Renminbi since the launch of cross-border trade Renminbi settlement pilot in 2009, with significant milestones including the inclusion of Renminbi in the IMF's Special Drawing Rights (SDR) basket in 2015 [2][3]. - As of November 2025, China has signed bilateral currency swap agreements with 32 countries and regions, with a total scale exceeding 4.5 trillion Renminbi [2]. Group 2: Technological Advancements - The introduction of the digital Renminbi and the establishment of the Cross-Border Interbank Payment System (CIPS) in 2015 have provided technological support for the transformation of settlement systems [3]. - By 2024, CIPS is expected to account for 3.8% of global payments, with projections to exceed 10% by 2027 [3]. - CIPS has already covered 189 countries and regions, processing business amounts reaching 90.19 trillion Renminbi [3]. Group 3: International Cooperation and Trade - China and Russia have nearly completely transitioned to using their own currencies for trade settlements, reducing dependence on the dollar [3]. - In BRICS countries, 30% of trade transactions are now conducted using Renminbi, while Saudi Arabia's Renminbi settlement for oil exports is projected to reach 45% by September 2025 [3][4]. - Argentina has announced plans to use Renminbi for imports from China, and BHP has agreed to settle 30% of iron ore transactions in Renminbi by October 2025 [4]. Group 4: Strategic Recommendations - Increasing trade volume among countries is essential for enhancing the credibility of payment systems, as the establishment of any payment system relies on substantial trade volume [5]. - Emphasizing the use of Renminbi in international settlements is a rational arrangement aimed at reducing financial risks, rather than a direct move towards "de-dollarization" [5]. - Ensuring adherence to international law and transparency in the settlement process is crucial for building trust in the Renminbi and non-dollar payment systems [5][6]. Group 5: Global Trends - Other countries are also taking steps to mitigate dollar risks, such as the BRICS New Development Bank's introduction of a "local currency financing toolbox" and Russia's development of an alternative to SWIFT [6]. - The trend towards diversification in payment systems and currencies is seen as an irreversible development in global trade [6]. - Establishing an equitable trade and payment system is essential to address the root causes of international conflicts [6].

Core Viewpoint - The article discusses the rare phenomenon of both the US dollar and the Chinese yuan showing strength simultaneously in the global foreign exchange market, with the yuan reaching its highest level in over a year while the dollar index rises above the 100 mark [1][10]. Group 1: Yuan's Strength - The yuan has recently appreciated against the US dollar, with both onshore and offshore yuan crossing the 7.09 mark, marking a significant increase [1]. - The three major yuan exchange rate indices have also reached new highs, with the CFETS index at 98.22, the BIS index at 104.66, and the SDR index at 92.60 [1]. - Analysts attribute the yuan's strength to its robust performance against non-US currencies and increased capital market activity, which has boosted confidence in the yuan [2][9]. Group 2: Factors Supporting the Dollar - The dollar index's rise above 100 is supported by several factors, including the collective weakness of non-US currencies, particularly the Japanese yen, which has been under pressure due to the Bank of Japan's monetary policy [4][6]. - Market expectations regarding interest rate cuts by the Federal Reserve have diminished, contributing to the dollar's resilience [5]. - Additional factors such as reduced employment concerns, temporary alleviation of worries regarding the Fed's independence, and increased risk aversion have also bolstered the dollar [6] . Group 3: Future Outlook - Analysts predict limited upward potential for the dollar index, while the yuan is expected to remain strong, supported by seasonal demand for currency exchange in the fourth quarter [7][8]. - The yuan's appreciation is anticipated to continue due to stable cross-border capital flows and balanced supply and demand in the foreign exchange market [9]. - The article suggests that the yuan's internationalization is a key policy focus for the Chinese government, with expectations for significant acceleration in the coming years [10][11].

那么，其他国家将黄金存放在中国对中国又有什么益处呢？这个作用非常巨大。首先，黄金存放在这里，未来的交易也很可能在此进行，这时交易货币自然 就会选择人民币。 实际上，二战后，美元能够成为全球主导货币，核心因素之一便是当时全球约70%的黄金都存放在美国。这些黄金尽管是各国所有，但 由于集中保管在美国，它给美元和黄金提供了无与伦比的信用优势。如今，其他国家将黄金存放在中国，交易时自然而然会使用人民币。这意味着在新时代 的背景下，人民币和黄金的信用被进一步绑定。这不仅是金融基础设施的完善，也是对未来战略的远见布局，将极大地加速人民币的国际化进程。 其次，在祖国推动统一的过程中，如果西方国家敢实施金融制裁，我们早已布下的黄金战略将成为经济安全的重要保障。例如，在2022年俄乌冲突后，俄罗 斯被美国踢出SWIFT国际结算体系。当时，俄罗斯手中拥有2300多吨黄金，这些黄金成为了重要的战略筹码。一方面，俄罗斯央行宣布卢布与黄金挂钩，使 得波动剧烈的卢布找到了价值锚点，从而稳定了汇率；另一方面，黄金作为无国界的硬通货，可以绕开制裁，开展各类交易，换取急需的战略物资，从而为 本国经济提供了紧急援助。我们当前积极建立全球黄金托管 ...

香港各界：把握"十五五"机遇，开拓新发展空间 中新社香港11月26日电 (记者 戴梦岚)24日至25日，中共二十届四中全会精神中央宣讲团在香港特区进 行宣讲，广大市民收看相关直播。香港各界人士在接受中新社记者采访时表示，宣讲活动有助于香港社 会深入把握国家"十五五"时期的发展机遇，推动香港积极融入和服务国家发展大局。 11月25日，中共二十届四中全会精神宣讲会在香港特区政府总部举行。中央宣讲团成员，中国科学 院院长、党组书记侯建国(右)，以及中央宣讲团成员，中央财经委员会办公室副主任、中央农村工作领 导小组办公室副主任祝卫东(左)分别作宣讲。 中新社记者 李志华 摄 港区全国政协委员、港区妇联代表联谊会副会长张佐姣表示，她将积极向香港各界别，特别是广大香港 妇女同胞，深入浅出地宣讲国家的大政方针和发展规划；努力提升香港妇女的综合素质和竞争能力，鼓 励和支持她们在国家发展的新征程中展现作为，为香港发展注入更多"她力量"和"她智慧"。 中国侨联委员、宁夏回族自治区政协港澳委员阎伟宁说，听完宣讲会受益良多，更清晰地理解全会精神 对香港长远发展的重要指导意义。当前，国家正推进粤港澳大湾区建设，香港可发挥金融优势助力人 ...

近日，航空工业租赁成功完成一项跨境设备租赁业务，实现了公司设备租赁国际业务的"首单"。该项目 采用人民币结算，是公司继航空和航运租赁业务之后，人民币国际化在设备租赁领域中的首次应用，为 设备租赁业务"出海"迈出关键一步。 未来，公司将持续深化在跨境设备租赁业务领域的业务开拓，系统性提升团队在跨境业务结构设计、风 险管控与合规操作方面的专业能力，为国内外客户提供更优质的综合性租赁服务，为共建"一带一路"、 推动人民币国际化提供租赁智慧和力量。 承租人在"一带一路"沿线国家从事环保行业，租赁设备运营后将有效提升当地的废水处理能力。项目团 队经过数月的不懈努力，完成了法律、税务等跨境租赁业务难题的攻关，为公司国际租赁业务布局奠定 了良好基础，也为后续拓展海外客户、提供设备租赁服务提供了范示。 ...

人民网伊斯兰堡11月25日电（记者赵益普）卡拉奇消息：巴基斯坦人民币清算行（中国工商银行卡拉奇分行）25日在卡拉奇举行"人民币国际化在巴十 周年"主题活动，回顾了2015年巴基斯坦批复中国工商银行卡拉奇在本地建设人民币清算体系以来，巴基斯坦人民币国际化取得的各项成果，纪念人民币在 巴国际化十周年。 2022年11月，根据《中国人民银行与巴基斯坦国家银行合作备忘录》，中国人民银行决定授权中国工商银行卡拉奇分行担任巴基斯坦人民币清算行。巴 基斯坦人民币清算业务始于2015年。10年来，工行卡拉奇分行为具备外汇交易资质的全部22家巴基斯坦本地主流银行开立了人民币账户。今年以来，工行卡 拉奇分行已办理人民币清算4779亿元，同比增长23%；人民币结算14.75亿元，同比增长159%；人民币做市交易187亿元，同比增长16%。人民币业务在巴基 斯坦显现良好增长态势。 自2015年以来，中国连续多年保持巴基斯坦第一大贸易伙伴地位，人民币业务为中巴经贸往来起了重要服务作用。中国人民银行发布的数据显示，2024 年中巴货物贸易人民币收付额194亿元，占同期货物贸易本外币跨境收付额的23%。 在巴基斯坦卡拉奇举行的"人民币国际 ...

Group 1 - The London Metal Exchange (LME) announced a suspension of all non-USD denominated metal options trading starting November 10, citing "insufficient liquidity and low trading volume," which contradicts the actual trading data showing significant activity in RMB-denominated copper trading [2] - The trading volume for RMB-denominated copper is projected to rise from 357,000 contracts in early 2024 to 482,000 contracts by mid-2025, indicating a robust market contrary to LME's claims [2] - The LME, while appearing to be a UK entity, is effectively controlled by the Hong Kong Stock Exchange, raising questions about the motivations behind the suspension of RMB trading [2] Group 2 - Concurrently, the U.S. is set to initiate a new round of quantitative easing in December, which will increase the supply of USD in the market, potentially impacting global commodity prices [4] - The G7 has formed a "critical minerals alliance" excluding China, indicating a strategic move to undermine China's influence in global metal pricing [4][10] - The U.S. aims to maintain its dollar hegemony by tying key mineral pricing to the USD, similar to its historical approach with oil [10] Group 3 - The G7 alliance's strategy may be flawed as the global market has shifted to a "buyer-dominated" model, where China, as the largest metal importer, holds significant leverage in pricing negotiations [12] - Despite the U.S. efforts to isolate the RMB, the internal divisions within the G7 and the low GDP growth in the U.S. suggest a weakening of traditional dollar dominance [14] - The suspension of RMB trading by LME may inadvertently accelerate the development of a more robust RMB trading system, particularly through the Shanghai Futures Exchange [16][23] Group 4 - The dual trading system is emerging, with the LME and Chicago Mercantile Exchange dominated by USD, while the Shanghai Futures Exchange represents the RMB pricing system [22] - The recent developments are seen as a catalyst for the RMB's rise in global metal pricing, providing an alternative that could lead to a more equitable market structure [25] - The upcoming BRICS meeting presents an opportunity for the RMB to gain support from resource-rich and consumption-heavy nations, further solidifying its position in global trade [20]

Group 1 - China's total foreign direct investment reached 923.68 billion RMB in the first three quarters of this year, marking a year-on-year increase of 4.4% [1] - Despite a complex external environment, China's foreign direct investment continues to grow, maintaining its position as the third largest globally [1] - Chinese enterprises have established a presence in 151 countries and regions worldwide [1] Group 2 - The increasing global investment demand from China may accelerate the internationalization of the RMB, prompting the government to consider measures to ease cross-border capital flows [1] - The former chief economist of the Agricultural Bank of China stated that as long as investments are legal, the government will support companies in their overseas development [4] - In 2024, capital account settlements will constitute the largest share of cross-border RMB settlements, including securities investment and foreign direct investment, totaling 47.8 trillion RMB (approximately 6.71 trillion USD) [4]

Core Viewpoint - Pakistan has established a robust regulatory framework to support the use and investment of the Renminbi (RMB), indicating significant potential for RMB in the country [1][2]. Group 1: Regulatory Framework and Support - The State Bank of Pakistan's Executive Director, Muhammad Malik, emphasized the country's comprehensive regulatory system that facilitates RMB usage and investment [1]. - The State Bank has initiated various promotional and transaction clearing capacity-building efforts to ensure local banks and enterprises understand the advantages of RMB operations [1]. Group 2: Trade and Financial Cooperation - In 2024, the RMB payment for goods trade between China and Pakistan is projected to reach 19.4 billion, accounting for 23% of the total cross-border payment in foreign currencies during the same period, indicating substantial growth potential [1]. - The People's Bank of China will continue to enhance policy support for RMB clearing banks [1]. Group 3: Banking Sector Developments - The Industrial and Commercial Bank of China (ICBC) has opened RMB accounts for all 22 mainstream local banks in Pakistan qualified for foreign exchange trading, showing a positive growth trend in RMB business [1]. - ICBC plans to increase resource investment to provide stable liquidity support for the offshore RMB market and explore more innovative RMB business to better meet the financial needs of market participants in China-Pakistan trade [1]. Group 4: Bilateral Financial Cooperation - The Consul General of China in Karachi, Yang Yundong, highlighted the importance of strengthening financial cooperation between China and Pakistan amid the current global economic landscape [2]. - China is willing to work with Pakistan to facilitate bilateral trade and investment in local currency settlements, expand RMB service areas, and enhance regulatory communication and coordination [2].