Group 1 - China, as the world's largest iron ore importer, has previously overpaid due to the influence of international miners setting the Platts price [1] - In 2024, the landed price of Australian ore is expected to be several dozen dollars per ton higher than West African ore, with dollar settlements exposing steel companies to unnecessary exchange rate risks [1] - Hebei Steel Group's iron ore payments in RMB exceeded 2.4 billion yuan in 2024, a year-on-year increase of 25%, highlighting the advantages of RMB settlements [1] Group 2 - China and Australia have completed the integration of the RMB settlement system for wool and barley trade, with the first batch of 20,000 tons of barley shipped using RMB payments [3] - The internationalization of the RMB is steadily advancing, and more trade is expected to adopt RMB settlements in the future [3] Group 3 - Confidence in achieving goals is emphasized, with expectations that more countries and international enterprises will join the use of RMB settlements [6] - The internationalization of the RMB will continue to progress, enhancing its importance on the global stage and establishing it as a significant currency for global trade settlements [6]