What is the attitude of all parties to the RMB to join SDR? What is the reason?

2 thoughts on “What is the attitude of all parties to the RMB to join SDR? What is the reason?”

  1. Special Drawing Right (SDR), also known as "Paper Gold", was first issued in 1969. It was allocated by the International Monetary Fund Organization according to the share of the membership of the member state. It can be used to repay the International Monetary Fund Organize debt and make up for a book assets of international revenue and expenditure deficit between membership state. Its value is determined by the US dollar, euro, RMB, yen and pound reserve currency. When a member country occurs, it can be used to exchange foreign exchange from other member states specified in the fund organization to pay for the international revenue and expenditure deficit or repay the loan of the fund organization. Because it is an supplement to the original ordinary withdrawal right of the International Monetary Fund, it is called a special withdrawal right. The signal of the success of the RMB "basket" is of great significance, indicating that the status of China's great country is recognized by the international community. Wait for industries and sectors all the way. Analysts also clearly pointed out that joining SDR will undoubtedly promote the internationalization of RMB, and the most favorable sector in this regard is RMB cross -border settlement banks, international business and logistics companies.

    This reminder: The above content is for reference only.
    This response time: 2021-12-15, please refer to the official website of Ping An Bank.

  2. On the question of whether the RMB is included in SDR, the EU and IMF are even less positive than China. If they do not work hard, it is impossible for China to enter SDR. It may be done.
    If in Europe, the United States and Japan, Japan absolutely opposes China into SDR, but Japan's weight is too low, and the right to speak mainly depends on the United States. The United States also opposes it, but it can't hold the support of the EU and IMF itself. The main reason why the European Union and IMF support RMB into SDR should include three aspects:
    . Western European countries have realized that the economic crisis in this round is long -term. The world brings the hope of going out of the crisis.
    The lack of economic growth points today, whether it is biotechnology, new energy, 3D printing, industry 4.0 ········· Drive the role of the entire world economic growth. In this context, the world economy's crisis seems to be far away.
    We we know that the two world wars in the last century observed from an economic perspective to lack new economic growth points, and the powers had to compete for colonial and trade interests. Nowadays, if the world cannot find a new growth point that drives the world economy out of the crisis for a long time, even if the world war is not erupted, local wars in the world will inevitably endanger developed countries, especially because of the impact of refugees and terrorist threats caused by war Especially big.
    Is when there is no direction in the world, China proposes the "Belt and Road" strategy of Eurasian and African continental economic integration. The biggest feature of this strategy is to help those developing countries and underdeveloped countries in infrastructure, enhance interconnection, and then then, and then then, and then interconnection, and then then Promote the development of trade between related countries. If this strategy is properly operated, it will drive the development of the entire world. Great investment and trade growth is expected to drive the sustainable growth of the world economy. It can be said without exaggeration that China has prescribed a good medicine for the world economy out of crisis. At this time, Europe and China are actually going out of the crisis and the only way to promote its sustainable development. In this context, the financial field and China expand cooperation in accordance with the interests of Europeans.
    . Increase the representativeness of the IMF.
    Is when the IMF reform was delayed by the United States and could not be advanced, China's "Belt and Road" strategy based on China's "Belt and Road" strategy proposed to build the Asian Investment Bank dominated by China. Opportunities for development. Therefore, they actively joined the AIIB. However, in China, it is already the world's largest trading country, and the world's second largest economy can already support a platform independently, the RMB has not been included in the IMF SDR, then the representativeness and of the IMF internationally The influence will inevitably be greatly discounted in the future. As an international institution, IMF must not want its influence of the institution to be weakened, so it is not difficult to understand the active operation of RMB into SDR.
    . The general trend of the RMB internationalization is determined by China's economic influence. Even if the IMF does not include the RMB into SDR, the internationalization process of RMB will accelerate.
    In fact, many countries in the world today have quietly reserved RMB. China has conducted currency swaps with a bunch of countries. After the establishment of the AI ​​investment bank in China, in order to increase the convenience of China's capital investment in its investment, related countries Sexuality will inevitably actively accept RMB investment, and will inevitably reserve RMB. In this case, if the RMB internationalization is through its own influence and a platform such as the AIIB, the IMF will be marginalized for the renminbi, which is obviously not in line with the real interests of the IMF. Incorporating the renminbi into SDR, because the RMB has entered the currency basket, the member states of IMF can get the RMB through the IMF currency basket. Even more straightforward, after incorporating the RMB into the currency basket, the IMF can operate the RMB, which has realistic political and economic benefits.
    Why are Midea opposed to RMB into SDR? Why did you consent later?
    Actually, this question should not be asked, but should ask: What the United States does not oppose China? Understand this, it must be a pass. Simply put, the White House opposes RMB into the SDR. There are three main reasons:

    . It is a established strategy for curbing China.
    Mi -seeking China as its biggest competitor today, comprehensively curbing China's established strategy for the United States. The Asia -Pacific re -balance strategy has been engaged in for more than 5 years, and it is natural to prevent RMB from incorporating SDR.
    . The internationalization of the RMB will eat the US dollar market and curb the internationalization of the RMB is a US strategy.
    The world currency market capacity is limited within a certain period of time. Which currency market in the world currency market accounts for trade investment is real economic and political interests. In today's world, the first share of international trade investment currency is the US dollar, the largest object of the RMB, and the largest object to be eaten by the US dollar must be the US dollar. Based on this logic, it is normal for the White House to oppose RMB into SDR.
    . Even if you can't restrain it, you must also set up obstacles in exchange for benefits.
    I. As a strong and pioneer, you often set up various obstacles to the latecomers. Even if this obstacle cannot eventually stop the steps of the latecomers, the strong and pioneers will still set it, because there will be negotiation with the latecomers to negotiate with the latecomers. Chips. Through negotiations, benefits can be obtained from the latecomers.
    If attention, before the renminbi is included in SDR, there is another news about the RMB, that is, the US heavyweight finance and the industry and commerce leaders announced that the establishment of RMB transactions and liquidation working groups to achieve RMB transactions in the United States and Clear. See you? When the White House knew that the renminbi was incorporated into SDR, it was no longer possible to stop it with this threshold. This news was one of the results of the transaction.
    In RMB to the SDR, what are the benefits of China?
    It is worth celebrating SDR, and it will also bring a lot of benefits. However, we must look at all this rationally. Don't think that it is a lot of things to be included in SDR. In fact, when the nationalization of RMB is a long -term progress, its cycle will last decades. Whether it is included in SDR's internationalization process of SDR will not have a fundamental impact. From the perspective of Zhanhao, the so -called thinking that the RMB is included in the SDR, it means that the renminbi is already an international currency, and the view of successful internationalization is not worth mentioning at all.
    The in the past 5 years, has the renminbi be included in SDR? Isn't the renminbi still international? Therefore, whether the RMB internationalization does not depend on whether it is included in the SDR, but it depends on China's strength and the efforts made by this. The inclusion of the RMB into SDR is a small part of the internationalization process we strives to fight for. Of course, it is a good thing. There is no big deal. No Zhang Tuofei will not eat hair pigs. When the RMB is included in SDR, it is rational to understand the RMB into SDR.
    of course, the renminbi is still worth celebrating, and it is indeed a good thing. So what are the benefits of RMB into SDR?
    . Increase the international recognition of the RMB.
    imf is one of the important pillars of the world's economic system today. It is still the most important economic platform in the world today. IMF's currency baskets are included in the currency of a country. The currency of a country can get international recognition faster. This is just like personal abilities will not be enhanced because of a certificate, but they can get more opportunities for a certain certificate.
    . Increase the speed of RMB internationalization.
    RMB is incorporated into the IMF currency basket. In the future, when member states are in difficulties, they can use it from inside. The RMB can be used in one country. Welcome. In this way, the speed of RMB internationalization is naturally accelerated.
    3. Accelerate China's foreign capital and industrial output.

    The international recognition of RMB is beneficial to the capital output of RMB to China. The capital output of RMB will inevitably drive the output of China's industry. This dual output is beneficial to the current economic development of China.

    . Increasing the depth and breadth of China's cooperation with other economies.
    The RMB is included in SDR, China applies to join the European Revival Bank, and Western European countries have joined the AIIB ... This series of actions are the process of financial investment integration in China and Western countries. It is more conducive to cooperation between the two parties. What's more, the IMF is still an international organization, and the RMB is included in the currency basket, which will enhance China's economic influence worldwide and help China and more countries to have more in -depth and breadth.
    , we must also know that the fundamental driving force of the RMB internationalization is not whether it is included in SDR, but a comprehensive national strength based on China's economic and industrial capabilities. These strengths even include military strength. Without these supports, the RMB does not have internationalization at all, IMF will not talk about the RMB into SDR, and of course everyone will not recognize the RMB internationally.
    In fact, the RMB has been rapid internationalization in the past five years, all of which are all countries for their own economic development. Therefore, we have to figure out that we have the internationalization of RMB because we have the strength, not the internationalization of SDR. SDR will help the RMB internationalization, but it is not the fundamental motivation. It cannot be inverted. China does not have to pay too much attention to whether it is included in the SDR. Instead, it should do other more important basic work. Whether the renminbi is international currency depends on its global share and does not depend on whether it is included in SDR. In today's world, there are only two real international currencies: US dollars and euros. Although the renminbi is accelerating the internationalization, because the start of the start is too late, the international market share is still too low, and the international currency is still not allowed.
    The China needs to absolutely control the RMB clearing system
    The internationalization of RMB. China has now established its own clearing system and is also using the Western Swift system. However, no matter which system is used, China must firmly control the liquidation system of the RMB, and must fully monitor the mobile data of the RMB and fully control the flow of RMB. The renminbi is transported out, and then it must be recovered with the capital market. It must not allow the intermediate link of the West to control too much RMB. To put it bluntly, the dealer of the RMB can only be the Central Bank of China. Any other institutions can exist as retail investors and can exist as participating institutions, but it must not be allowed to exist as the dealer. Otherwise, the exchange rate is equivalent to the large scissors of others to cut their wool.
    The internationalization of RMB, we can cut less wool in other countries, but we must not allow other countries to cut our wool. Don't forget that the first capital strength of the world is the United States. It is the West that generally controls the capital capabilities. Our internationalization must have absolute control. The Chinese economy is safe. The governor of the central bank's first mention of the "financial attack" is to tell us that as the RMB internationalization and my country's financial investment market are open, the technical conditions of external forces on China's financial attacks have gradually been available.
    In view of the internationalization of the RMB internationalization and the opening of the financial investment market, it is necessary to develop strong development, so we must promote it, but it must not allow other countries to control the initiative. We must also control all this. The ability to risk must also have a means of counter -opponent.
    We we must remember that the financial war between the country is a war that does not see smoke. When this war does not distinguish between the victory and the contradiction between the country, the financial war may evolve into a local part. Military war. Therefore, the financial and financial strength is compared with financial and financial strength, but in the end, the comprehensive national strength is still comparable. The final hard fighting must be military strength! With this understanding, you know what you should do!

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