Bank employee at the expense of the US dollar at the expense of the US dollar at the expense of the US dollar at the rate of Renmibi (RMB) or Yuan NOT, Thailand, Thailand, January 26, 2023.
Athit PerawongMetha | Reuters
China invented the yuan foreign institutions as more ways to use the US dollar as international beliefs.
The movements stated that the movements are aimed at green, both experts and even the US dollar remained the dominant currency of the world. Time is very convenient, because the US dollar index exceeds 9% this year, and yuan has increased more than 2% of dollars.
The people of Halyk Bank of Kazakhstan have spoke about the “how Hall Ban Hongshell Pan for the people of Halyk Bank of Kazakhstan to get away from the dollar, which has a growing sign in Beijing. Overdue confidence weakening in a single independent currency. ”
He also announced its plans to build Yuan Internationalization Center Assistance in trading in Shanghai and yuan foreign exchange futures. Beijing has already been released Quantitative version of its currency to replace the cash and coins in circulation.
The recent time of Beijing pays attention to the market of futures.
Three major Chinese exchange stock exchange Last week skilled foreign institutional investors can trade 16 more futures and options on another 16 more futures and options.
On the goods covered with natural rubber, lead and tin, emissions, ShanghaiWhere Eanian and Zhengzhou Exchanges.
At the beginning of this year, he participates in the replenishment of dozens of trade agreements for foreign institutional investors, Ji, Macro Currency Innovative Expert Innovative Analyst, Innovative Analyst of Nanthua Futrals, focused on brokerage brokerage brokerage and research.
In addition to expanding the scope of hedging products for Zhouing for international institutions, these contracts will increase the impact of yuan on world commodity prices.
In another step to use global investors, the Shanghai Futures Exchange has been published later, and feedback has been collected for a A proposal to issue permits in foreign currencies Used as collateral for trading in yuan.
Although the last movements are growing, China includes China, which allows qualified foreign investors Participation in the participation of exchange funds of exchange trading funds For the purpose of hedging from October 9. At the beginning of this year, the authorities announced the refusal of 500 yuan from the opening of local financial institutions to enter the bond market for international financial institutions.
The Morgan Stanley has been published in January Its local subsidiary may officially begin brokerage services for the main commodity futures of China and can expand their equity and options after receiving the necessary qualifications.
There was such a relationship Years of makingBecause as mentioned by the US financial gear, he agreed that China has agreed to build a brokerage in Kazakhstan in May 2023.
Although world financial institutions and investors are still interested in diversifying China, it has strict control of Beijing to leave capital and have a relatively transparent system of modern system.
Some people need to be noteded in the last months, in recent months, in recent months, China should not offer itself as a self-confident alternative, said Mat Herenzen, BCA research.
“The law of China is below the United States, which does not offer a large and deep basin for foreign investors,” he added to Beijing, “he joined to Beijing and not mentioned geopolitical risks.
Global payments
This is not just investment products. Over the years, China has developed the network of offshore yuan cleansing banks and has increased the transboundary interbank payment system.
Lending to the developing market of Chinese banks moved to Yuan to Yuan, semi-loan expenses instead of US dollars, because last month has been published last month US Federal Reserve.
There were also the second largest economy in the world Bilateral settlement in yuan, and $ 100 Billion Published in February Allows you to achieve the funding specified in Yuan for enterprises in Hong Kong.
“China increases more than a dollar, but progress will remain uniform,” said Dan Vang, Director of the Chinese team of Eurasia. But he noted that the yuched settlements of border payments between energy and commodity companies abroad in China and abroad.
Another trend to support Yuan Internationalization is a small business to expand foreigners of Chinese companies, especially selling goods online.
Start LLP own financial partners of their financial partners hold the sixth Sachs and HSBC of the “sea”, which can easily use it for operations in China and abroad.
Chinese authorities are also subsidizing the costs of loans in the yuan in Tengiz, – said the Tengiz page, Chinese General Manager of Fundpar. According to him, the general use of the currency remains low, but he refused to share certain numbers.
At the world level, Chinese yuan lost its existing experience in May SWIFT RMB tracker. According to data, Yuan accounts for 2.89% of global payments in the most active currency in May, and the most active currency is in the 5th place in the previous month.
The US dollar was 48.46% of global payments, and by 23.56% to speeds and 23.56% euros.
Dataization
Last effort to bring Beijing closer to a wider and agreed shift Dollars in Asia soon. Increasing the replacement and use of foreign exchange hedging, gradually lowering its confidence in US dollars, which is gradually controlled by geopolitical tensions.
US President Donald Trump has seen the closest expenses of April in April.
Foreign investors who take away from America, yuan diversification and hedging against them Yuan, Yuan, Global Senior Strategy “State Street”.
“Our own data is not surprising, not the best results of CNY financial assets. Our data controls mostly sold in CNY, “said a senior strategy in the state streets.
