Economic Analysis: The Effect Of Investment Money Is "Emerging".

On the whole, the renminbi has once again consolidated its position as the seventh most commonly used global payment currency, accounting for 1.57% of the total global payment. In July 2014, the value of Renminbi payment increased by 3% compared with June 2014. From a global perspective, the value of all currencies in the same period increased by only 2%.

Over the past year, trade driven cross-border RMB business growth has grown significantly, from the international trade settlement currency to the investment currency, and is moving steadily and orderly towards the internationalization of the RMB as the international reserve currency.

"Internationalization of each currency is generally the three load of capital flow, information flow and logistics. Basically, it is based on the openness of the country and the development of the real economy, along with trade and investment in the world," said Zhou Wei Rong, the chief financial officer of Nanyang Commercial Bank, in an interview with the first Financial Daily yesterday, and the capital market is a very important aspect in the process of RMB internationalization.

Insiders believe that offshore renminbi market will gradually depend on business under capital account. The Shanghai free trade area gold exchange international board is scheduled to be launched next month, allowing foreign exchange trading in gold denominated gold contracts without having to be converted into US dollars first. All trading varieties will be open to overseas investors and further stimulate offshore RMB market. Meanwhile, the launch of Shanghai and Hong Kong Tong has entered countdown. Overseas Renminbi Funds have also been "on their own". Overseas investors will be more free to contact domestic Renminbi stock assets in the future.

"Specific Capital flow On the one hand, the higher the proportion of Renminbi denominated in the international trade platform established by the FTA and other international commodity trading platforms in the future, the faster the internationalization of RMB will be accelerated.

Zhou Weirong told this newspaper that he believed that with the opening of Chicago and Hong Kong and the further cooperation with London and the commodity exchanges in the future, China's global purchasing capacity and Commodity export The foundation of RMB internationalization will become more stable if capability is improved.