随着境外市场人民币供给量持续增加，未来境外企业的人民币 贸易融资操作热情也将"水涨船高"。究其原因，一是人民币融 资利率明显低于美元，令境外企业用于贸易付款的融资成本明 显减少，二是人民币汇率波动相对平稳，令海外企业对贸易融 资操作环节的汇率风险担忧相对较低。 作者：陈植 封图：图虫创意 4月美国出台"对等关税"举措后，渣打银行董事总经理兼人民币国际化团队主管吴雅思明显感受到 境外机构对人民币的使用热情进一步升温。 "在6月18日举行的2025年中国国际金融展期间，我们遇到一些非洲金融机构，他们特意要求我们 坐下来继续讨论人民币的应用。"她告诉记者。 渣打银行（中国）有限公司交易银行部总经理张荧对此深有感触。 她向记者指出， 在美国出台"对 等关税" 举措后，越来越多中资企业纷纷在海外投资建厂推动产业 链多元化布局同时，都愿使用人民币进行ODI（境外投资备案），带动人民币在跨境投资方面的需 求持续加大。 "近期我们经常与非洲分支机构同事讨论，如何围绕中资企业在非洲业务的发展，满足他们的人民 币投融资需求，目前一个明显趋势是，银行相关产品的人民币占比越来越高。"张荧强调说。 汇丰环球支付方案部本地及创新支付产品 ...

Core Viewpoint - The international enthusiasm for the use of the Renminbi (RMB) has significantly increased following the implementation of "reciprocal tariffs" by the United States, with a notable rise in demand for RMB in cross-border investments and trade financing [2][3][4]. Group 1: RMB in Cross-Border Trade and Investment - After the U.S. introduced "reciprocal tariffs," more Chinese enterprises are willing to use RMB for overseas direct investment (ODI), leading to increased demand for RMB in cross-border investments [3]. - The RMB is evolving from a popular trade settlement currency to a multi-functional role, including trade financing and reserve currency [4][6]. - As of the end of 2024, RMB is projected to become the third-largest trade financing currency globally, with cross-border payment amounts reaching 64.1 trillion yuan, a 23% increase year-on-year [4]. Group 2: Central Bank and Reserve Currency Trends - More emerging market central banks are incorporating RMB into their foreign exchange reserves, reflecting a trend towards diversification away from the U.S. dollar [4][9]. - Currently, RMB accounts for less than 3% of global foreign exchange reserves, indicating significant potential for growth in this area [9]. Group 3: RMB Liquidity and Financing - The liquidity of RMB in overseas markets is increasing, which is encouraging foreign enterprises to use RMB for trade financing, thereby reducing their financing costs [8][11]. - The Hong Kong Monetary Authority has introduced measures to support RMB trade financing liquidity, which will further meet the financing needs of foreign enterprises [7][8]. Group 4: Challenges and Future Outlook - The internationalization of RMB faces challenges in meeting the diverse needs of foreign enterprises for RMB settlement, investment, and reserve management [11][12]. - Enhancing RMB liquidity in overseas markets is crucial for encouraging foreign institutions to hold RMB assets, which requires the development of a diverse range of RMB financial products [12].

香港特区政府署理财经事务及库务局局长陈浩濂表示，作为国际金融中心，香港监管和制度透明，预测 性高，有稳定投资及营商环境，多家国际大型金融机构将亚太区总部设在香港。稳定币条例将于8月1日 生效，年内还将推出第二份有关虚拟资产发展的政策宣言。陈浩濂提到，下一步将探讨如何将香港传统 金融优势与虚拟资产的技术合作与创新结合起来，利用虚拟资产提高香港实体经济安全性和灵活性，以 及鼓励香港和国际企业探索虚拟资产创新应用。 内地与香港金融合作并非新鲜事，但如何更上一层楼？汇丰亚洲及中东地区联席行政总裁廖宜建认为， 关键是顺应内地经济发展的需要，配合香港国际金融中心的功能，达到双赢、甚至多赢的局面。他建 议，一方面要继续推进人民币贸易融资。当香港的人民币融资量扩大，将带动整个亚太区的人民币使用 量，进而促使更多企业利用人民币结算。另一方面，要善用互联互通闭环的设计，释放内地的"超额储 蓄"，投入股市和债市提升回报率。此外，不断优化债券通北向通的离岸人民币债券回购操作，逐步与 国际接轨。 对于打造粤港澳大湾区金融合作发展新高地，中银香港首席经济学家钟红指出，一方面，要发挥资本市 场功能服务国家新质生产力发展，为创新提供更具灵活 ...