记者丨 郑青亭 实习生陈俊康 编辑丨李莹亮 应中方邀请，英国首相斯塔默于1月28日至31日对中国进行了正式访问。这是英国首相时隔8年 再次访华，也是新年伊始中方接待的第一位联合国安理会常任理事国领导人。 中国外交部发言人郭嘉昆1月30日在例行记者会上表示，斯塔默此次访问取得丰硕成果，展现 了两国合作的广度和深度。中方愿同英方一道落实好两国领导人重要共识，携手发展长期稳定 的全面战略伙伴关系。 据悉，斯塔默率领了一个由政府核心官员和60多家英国企业高管及机构代表组成的高级别代表 团访问中国，代表团涵盖了金融、医药、汽车制造、能源、文化创意等多个英国优势领域。 对于此次访问的意义，英中贸易协会总裁白彼得（Peter Burnett）近日在接受21世纪经济报道 记者专访时表示，此次访问令英国商界"感到宽慰"，极具象征意义，业界更期待其能转化为缓 解市场摩擦、拓展合作领域的实质性成果，为两国企业带来增长与繁荣。 白彼得指出，在长达八年的等待后，首相访华本身释放了积极信号。他认为，访问的核心在于 两国如何共同支持企业实现增长，这正是中英经济战略的契合点。"中国是英国第三大贸易伙 伴，这是一段非常重要的双边关系。"他希望 ...

Core Insights - The People's Bank of China reported the overall operation of the payment system for the second quarter of 2025, indicating a significant volume of transactions processed [1] Payment System Overview - In the second quarter, the payment system processed a total of 392.75 billion transactions, amounting to 308.48 trillion yuan [1] - The central clearing system handled 5.54 billion transactions, with a total value of 22.96 trillion yuan, averaging 61.45 million transactions daily, valued at 3.70 trillion yuan [1] Large and Small Payment Systems - The large-value real-time payment system processed 97.41 million transactions, totaling 21.70 trillion yuan, with a daily average of 1.60 million transactions valued at 3.56 trillion yuan [1] - The small-value batch payment system processed 1.26 billion transactions, amounting to 4.84 trillion yuan, with a daily average of 138.37 million transactions valued at 531.39 billion yuan [1] Online Payment and Foreign Currency Transactions - The online interbank clearing system processed 4.19 billion transactions, totaling 6.77 trillion yuan, with a daily average of 459.85 million transactions valued at 743.81 billion yuan [1] - The domestic foreign currency payment system processed 168.53 thousand transactions, amounting to 1.01 trillion yuan, with a daily average of 27.60 thousand transactions valued at 165.84 billion yuan [1]

Core Insights - The People's Bank of China reported the overall operation of the payment system for the second quarter of 2025, indicating a significant volume of transactions processed [1] Payment System Overview - In the second quarter, the payment system processed a total of 392.75 billion transactions, amounting to 308.48 trillion yuan [1] - The central clearing system handled 5.54 billion transactions, with a total value of 22.96 trillion yuan, averaging 61.45 million transactions daily, valued at 3.70 trillion yuan [1] Large and Small Payment Systems - The large-value real-time payment system processed 97.41 million transactions, totaling 21.70 trillion yuan, with a daily average of 1.60 million transactions valued at 3.56 trillion yuan [1] - The small-value batch payment system processed 1.26 billion transactions, amounting to 4.84 trillion yuan, with a daily average of 138.37 million transactions valued at 531.39 billion yuan [1] Online Payment and Foreign Currency Transactions - The online payment interbank clearing system processed 4.19 billion transactions, totaling 6.77 trillion yuan, with a daily average of 459.85 million transactions valued at 743.81 billion yuan [1] - The domestic foreign currency payment system processed 168.53 thousand transactions, amounting to 1.01 trillion yuan, with a daily average of 27.60 thousand transactions valued at 165.84 billion yuan [1]

Core Viewpoint - The article discusses the rising trend of "de-dollarization" in Asia, driven by various factors including geopolitical uncertainties and the desire to reduce reliance on the US dollar for trade and investment [1][2]. Group 1: De-dollarization Trend - ASEAN has committed to promoting the use of local currencies in trade and investment through measures like local currency settlement and enhancing regional payment connectivity [1]. - The trend of de-dollarization is gaining momentum as individuals and businesses in ASEAN begin to convert dollar savings back to local currencies, and large investors actively hedge foreign investments [2]. - The share of the US dollar in global foreign exchange reserves has decreased from over 70% in 2000 to 57.8% in 2024, indicating a global reduction in reliance on the dollar [4]. Group 2: Market Reactions and Strategies - Investors are reassessing their portfolios, moving away from dollar-heavy allocations due to the perception of the dollar being used as a weapon in trade and sanctions [2]. - Asian economies, particularly those heavily reliant on trade, are expected to see a significant decline in demand for the dollar, with over 80% of trade in the 10+3 cooperation mechanism still denominated in dollars as of last November [3]. - There is a notable increase in dollar exposure hedging among Asian investors, with Japanese life insurance companies raising their hedging ratio from approximately 44% to around 48% in recent months [3]. Group 3: Structural Changes and Challenges - The article raises the question of whether the current de-dollarization trend is a temporary phase or indicative of a more profound structural change [4]. - Despite the ongoing trend, experts caution that replacing the dollar as the primary reserve currency remains challenging, with significant hurdles still in place [7]. - The potential for structural change may depend on the US's implementation of sanctions and the behavior of central banks regarding dollar holdings [7].

Core Viewpoint - The article discusses the rising trend of "de-dollarization" in Asia, driven by various factors including geopolitical tensions and the desire to reduce reliance on the US dollar for trade and investment [1][2]. Group 1: De-dollarization Trend - ASEAN has committed to promoting the use of local currencies in trade and investment through measures like local currency settlement and enhancing regional payment connectivity [1]. - The trend of de-dollarization is gaining momentum as individuals and businesses in ASEAN begin to convert dollar savings back to local currencies, and large investors actively hedge foreign investments [2]. - The share of the US dollar in global foreign exchange reserves has decreased from over 70% in 2000 to 57.8% in 2024, indicating a global reduction in reliance on the dollar [4]. Group 2: Market Reactions and Implications - The uncertainty surrounding US trade policies has led to a significant decline in the dollar, with the dollar index dropping over 8% since the beginning of the year, marking its worst performance in the first five months [6]. - Analysts suggest that while many countries are reducing their dependence on the dollar, replacing it as the primary reserve currency remains challenging [6][7]. - The potential implementation of punitive tax measures against countries perceived as having unfavorable tax policies could further accelerate the de-dollarization trend [6]. Group 3: Currency Hedging and Investment Strategies - Asian investors are increasingly hedging against dollar exposure, with notable increases in hedging ratios among Japanese and Taiwanese insurance companies [3]. - The trend of hedging is seen as a response to the volatility of the dollar, with investors selling dollars and buying local or other currencies, which may lead to a rise in non-dollar currencies [3]. - Despite the ongoing de-dollarization, the dollar remains dominant in global trade, with over half of global trade still settled in dollars as of April [7].

Core Viewpoint - The Spanish Prime Minister Sanchez stated that both the payment systems and digital banking are functioning normally [1] Group 1 - The current operational status of payment systems in Spain is stable and efficient [1] - Digital banking services in Spain are also reported to be running without issues [1]