In recent days, a number of good news have set off the RMB's **.
The expansion of the BRICS countries and the increasing number of members of the RMB alliance are the most far-reaching benefits.
However, the most unexpected positive came from China's A-share sudden announcement of a halving of stamp duty, although it did not immediately make **crazy**, but the benefit to the RMB is very obvious.
The expansion of the BRICS organization is indeed of great significance for the relationship with the renminbi. Let's take a closer look at the situation in these countries.
First, let's look at Argentina. This year, Argentina has begun to make extensive use of the yuan for ** settlements. In addition, they have chosen to use the renminbi to repay their foreign debt in dollars.
This practice provides a completely new case for the use of the renminbi, showing the potential and attractiveness of the renminbi in the international world.
Secondly, the accession of the three oil-producing countries, the United Arab Emirates, Saudi Arabia and Iran, to the BRICS organization means that in the future, energy** will be settled more in non-US dollar currencies.
Currently, the top non-dollar currencies in the world include the euro and the yen, but they are not among the emerging market countries covered by the BRICS. Therefore, the possibility of settlement in RMB is the greatest.
The development of this trend is very important for the internationalization of the renminbi.
China has always been committed to developing the influence of the renminbi. As the BRICS organization expands, the renminbi is expected to play a greater role in inter-BRICS investment and investment.
Over the weekend, the policy of halving stamp duty attracted attention. This policy has had a positive impact on the A** field and has shown positive signs in many aspects.
A-shares have been one of the important channels to attract foreign investment in recent years. **The introduction of the policy of halving the collection of stamp duty has injected new vitality into the A** field and laid the foundation for the formation of the slow cattle market.
*The halving of stamp duty will reduce transaction costs for investors. In the past, investors were required to pay this tax when trading, which was a hidden cost for investors.
The halving levy will reduce transaction fees and attract more investors to the market. This will help to increase the attractiveness of the A** field and attract more capital to invest in it.
Secondly, the halving of stamp duty will increase investors' profit margins. The reduction in transaction costs means that investors can earn a higher net return on the trade.
It is worth mentioning that the slow bull of the A** field will attract more foreign investment**. Foreign capital has a significant impact on the participation and size of the A** market, especially from international investors.
With the strengthening of the A** market, foreign investors will be more inclined to flow funds into the Chinese market in pursuit of higher returns. This will increase the demand for the renminbi from foreign capital and play a positive role in promoting the strengthening of the renminbi exchange rate.
As the world** continues to evolve, so does the status and use of money. As an important currency system in the world, SWIFT's data is of great significance for the internationalization trend of currencies.
The third positive news comes from this latest data.
According to the latest data, the euro's share of global payments continues to decline, while the dollar's position has been further strengthened, which is also good news for China.
Behind this data is the challenge and dilemma facing the euro. Factors such as weak economic growth in the eurozone, persistent inflationary pressures, and political uncertainty have all contributed to the decline in investor confidence in the euro.
In stark contrast, the renminbi, the currency of the world's second-largest economy, is gradually emerging on the international stage.
In order to improve the current predicament, it is necessary for the eurozone to seek a new development strategy, and a closer local currency settlement with China is undoubtedly a wise choice.
The fact that the two sides settle each other only in their own currencies will help increase the share of the euro and increase its share in the world. At the same time, this will also greatly increase the use of the renminbi and further promote the internationalization process of the renminbi.