The Internationalization Of RMB Will Continue To Push Forward And More Risks Will Be Faced In The Future.

< p > with the signing of the RMB clearing and settlement agreement between China, Germany and China, the offshore RMB center competition is heating up. A report released recently predicted that the internationalization level of RMB is expected to exceed Japanese yen and sterling in 3 years.

Although the prospect is gratifying, some experts warn that the disadvantages and risks brought by the internationalization of the RMB are slowly showing up.

For details, listen to the reports sent by our correspondent.

< /p >

< p > for many enterprises, the process of RMB internationalization is advancing constantly, bringing convenience to its development and life.

Huang democratic, general manager of Zhejiang International Trade Group Co., Ltd., said that the increasing RMB < a href= "//www.sjfzxm.com/news/index_c.asp" > cross-border trade < /a > settlement resulted in a lot of revenue: < /p >

< p > "I am (export)", from the point of view of exports alone, RMB settlement I think it should be said, or for enterprises to facilitate a lot.

At least we don't need to think much about the exchange rate. Of course, the exchange rate is still having an impact on the international market, but I can use the RMB to settle this problem, so it will be more convenient.

< /p >

In recent years, the internationalization of RMB has been accelerating, which brings many convenience to Chinese enterprises and people. P

In the first quarter of this year, RMB internationalization accelerated again.

For example, the Central Bank of China announced recently that it authorized the China foreign exchange trading center to carry out direct pactions of RMB against New Zealand dollar in the interbank foreign exchange market.

This is the fourth currency that can be exchanged directly with the renminbi after the dollar, the yen and the Australian dollar.

< /p >

The construction of RMB P offshore center is also in full swing. China, Germany, China and Britain have signed RMB clearing and < a href= "//www.sjfzxm.com/news/index_c.asp" > settlement agreement < /a >. The offshore RMB center competition is heating up. Similar agreements in the future will blossom everywhere in some small and medium-sized economies.

< /p >

< p > despite the gratifying results, some experts warn that the disadvantages and risks brought by internationalization of "a href=" //www.sjfzxm.com/news/index_c.asp "RMB > /a" are slowly showing up.

Chen Fengying, an expert in China Modern International Relations Research Institute, said: < /p >

< p > "(we have to consider) the risks after the full opening of capital account, the internalization of external risks, and internal risks are explicit risks.

Another problem is that external risks and internal risks will make it difficult for us to control and control at the same time. The financial crisis in Wall Street is just like that in the East Asian financial crisis.

< /p >

Today, the renminbi has become the seventh largest currency in the world, but there is still a long way to go for nearly 40% of the US dollar. Zhou Xiaochuan, the governor of the central bank, said that there is still a lot of homework to do in the internationalization of the RMB. P

< /p >

< p > "if RMB is really internationalized, there are still many homework assignments that have not been done well. So in the past few years, we have focused on relieving unnecessary restrictions on the use of RMB, including some laws and regulations, business regulations, and steadily promoting and gradually realizing RMB capital account convertibility in this homework, so that we can have more substantial improvement in the confidence of RMB in the convenience of international use."

< /p >