Introduction Behind the financial war and the ** war, there is a complex and sophisticated planning and coordination. These programs often take months or even longer to show results. The details of the financial war and the war can be seen in many specific events, such as the recent sharp rise in gaming stocks. We policymakers are prepared from the beginning of the consultation and just have to wait for the right moment, depending on the pace of others. Much of the information about our policy situation is perceptible, and institutions like Bloomberg and Reuters have been accurate many times over the past year. However, the financial war is only a small part of a much larger game and is far from over. Hong Kong's housing prices, the liquidity of Hong Kong stocks, and the future mechanism of the Hong Kong dollar are important things. Our control of capital, especially foreign investment, has never been unlimited, but we have never taken extreme measures, mainly through warnings and other means. The fundamental thing is immovable. Financial issues will be discussed later, because avoiding war is the first priority, and once it gets into a military conflict, all the logic will change. In addition to the recent conversations with the military, the South China Sea is also a game of swords. I have written several articles about the South China Sea. The great power game is mainly dark under the lights, and can only be inferred from circumstantial evidence, lacking conclusive "evidence". Recently, a scholar in the Philippines broke some information, which can be referred to the report of Yuyuan Tantian, a subsidiary of CCTV. This "magic hand project" was jointly planned by the United States and the Philippine high-level, diplomatic level and the coast guard, and was implemented since February, with the intention of creating confrontation and escalation between China and the Philippines. Only 7% of Filipinos are concerned about the South China Sea disputes, and the vast majority are more concerned about high domestic prices and crime. The ongoing escalation of the conflict has provoked an internal conflict in the Philippines, which will not become another Ukraine, but risks becoming a "victim". Over the years, the infiltration of the United States into the Philippines is a fact, including providing study abroad programs to the children of the Filipino elite, opening accounts in the United States, etc., and has actually controlled part of the Philippine forces. In the South China Sea, the Taiwan Strait, East Asia, and even the Sino-Indian border, the United States is inciting and brewing at the same time, and has never given up any opportunity. At present, US arms sales to Taiwan have shifted from long-range support to light "street fighting", which shows the change in US strategic thinking and the control of time nodes. This time last year, many experts and ** told you that the pandemic was over, but now new variants are making a comeback, and that's the obvious fact. Experts in the Philippines say China has shown good momentum in the game in the South China Sea, suppressing extreme sentiment by sending large ships. We need to stabilize this situation and try to avoid the impact of military conflict on the development process. Recently, listening to Huang Qifan's speech, I have a lot of feelings, and I will carefully study his words. The United States has been the world's largest economy since 1894, and we still have to focus on our own affairs, and our position has naturally developed. There are many things that cannot be rushed, and we should take our time. And the problems that need to be dealt with urgently are not our problems. Huang Qifan proposed that in 2035 and 2050, the global share of the renminbi in the process of internationalization will gradually increase from the current % to the same as GDP. He also said that transactions between major countries do not necessarily have to be mediated by the US dollar, and we have signed sovereign currency swap agreements with dozens of countries, which can be fully traded in the currencies of the two countries, which will further enhance the status of the yuan. This process is the process of internationalization of the renminbi. Huang Qifan also said that we should further promote the import of commodities priced in yuan and use yuan for payment. When such a payment scenario emerges, a large number of imports actually transfer RMB payments to the world.
As time passed, clues to the financial war and the ** war gradually emerged. These plans and coordination take a long time to achieve the desired results. For example, the recent sharp rise in gaming stocks is one example. Policymakers are ready to start with the consultation and just have to wait for the right moment to act. Institutions such as Bloomberg and Reuters have been accurate many times in the past year, indicating that the outside world also has a certain understanding of the situation of our policies. Financial war is only a small part of the big game, and it is important to talk about Hong Kong housing prices, Hong Kong stock liquidity, and the Hong Kong dollar mechanism. We will not let go of capital control, but we will not take drastic measures either. These are the bottom lines that everyone can touch. The financial problem will be talked about later, because avoiding war is a top priority, and once you get into a military conflict, all the rules will change.
The South China Sea is a game of swords and shadows, and it is difficult to obtain conclusive evidence of the specific circumstances between the parties. The details of the Philippine revelations may provide new clues that are worth referring to. This "magic project" was jointly planned by the United States and the Philippine high-level, diplomatic and coast guard, aiming to create confrontation and escalation between China and the Philippines. Filipinos are less concerned about the South China Sea dispute and more concerned about domestic prices and crime. The escalation of the conflict has already led to an internal conflict in the Philippines, which will not become another Ukraine, but risks becoming a "victim". Over the years, the US infiltration of the Philippines has substantially controlled a part of the Philippine forces. In the South China Sea, the Taiwan Strait, East Asia, and even the Sino-Indian border, the United States is inciting and brewing at the same time, and has never given up any opportunity.
By 2035 and 2050, the global share of the renminbi will gradually grow to the same level as GDP. Transactions between major powers do not necessarily need to be mediated by the US dollar, and we already have sovereign currency swap agreements with dozens of countries that can be traded in both currencies, which will further enhance the status of the renminbi. We should also promote the import of commodities priced in RMB and pay in RMB, which will further promote the internationalization of RMB. When such a payment scenario arises, large imports actually transfer RMB payments to the whole world.
Huang Qifan mentioned that we should focus on our own things and develop our own status naturally. Many things cannot be rushed, but must be done gradually. He also said that financial issues can be discussed later, and avoiding war is the top priority. The focus now should be on stabilizing the situation in the South China Sea and trying to avoid military conflicts affecting our development process. He also stressed that the internationalization of the renminbi is a gradual process, and we need to continue to push it.
In general, the planning and coordination of financial warfare and ** warfare will take time to show results. The details of the game in the South China Sea are gradually emerging, with the United States infiltrating the Philippines and other places, and inciting and brewing in multiple regions at the same time. The internationalization of the renminbi is a gradual process, and we should focus on our own development and continue to promote the renminbi's position in the international arena.