RMB Becomes The Constituent Currency Of Special Drawing Rights.

The renminbi has become the constituent currency of the special drawing rights, and Lagarde, President of the International Monetary Fund, has given a proper evaluation.

"The introduction of the renminbi into SDR will be an important milestone in the integration of China's economy into the global financial system," she said. "It is also an endorsement of the Chinese government's progress in the past few years in the reform of the monetary and financial system".

Looking back, people can feel that the "light boat" of the renminbi has passed through the mountains.

But in fact, before the RMB wears the crown of the international reserve currency, whether it can pass smoothly or not is far from being carried out step by step.

Because of the veto power of the United States and the stubborn obstruction of Congress, especially the large number of two special drawing rights holders of the United States and Japan, which lack political trust in China, the International Monetary Fund has become the most popular international institution for China.

Since then, no important international institution has been able to pinch China's fate. It is difficult for the international community to restrict China's freedom of action with double standards. China has become an important member of the world's nation.

Some observers believe that the RMB and the special drawing rights have a need for each other; if the RMB does not join the SDR, it is more than the loss of China, it is better to say it is the loss of IMF; the International Monetary Fund is poor in borrowing the RMB.

These salt and water free arguments seem plausible but falsehoods.

If we are not biased, we must mislead public opinion by misleading ourselves.

In those days, Cao Cao of the Three Kingdoms never refused to abandon Han independence. Instead, he "carried the emperor to make the princes", not that he had no ambition and strength, but that he was a political hero.

After the Xi'an incident in 1936, Mao Zedong advocated not to kill Jiang Jieshi, not to have no chance to kill, but to take account of the major contradictions between the Chinese and Japanese nationalities and the factional forces of Kuomintang and the Communist Party, especially the Kuomintang's intricate internal forces, in order to finally lead to the most extensive Anti Japanese national united front.

Chinese enterprises eagerly need RMB internationalization.

After RMB becomes SDR and constitutes currency, Chinese enterprises' international trade cost and exchange rate risk will decrease significantly.

No matter import or export, you can use RMB to calculate and settle accounts, which saves the exchange formalities and costs.

It also helps to clearly calculate the input output and profit and profit of each link and the overall paction.

The idea that the renminbi will become a hard currency is more powerful for China, and it is equivalent to issuing the "world pass" for Chinese enterprises going abroad, their affiliated enterprises, affiliated enterprises, joint ventures and cooperative enterprises.

For citizens, it will decrease.

And the trouble procedure, enjoy the convenience and respect of the main currency.

If it is personal finance, the stability and strength of RMB is also a great advantage.

In order to consolidate the existing achievements, we need to bear in mind the following principles:

At the strategic level, the choice of monetary policy is more prudent and flexible.

The entry of RMB into the basket is only a confirmation of the attendance list, whether or not to win the championship. The more difficult process is in the process of competition.

Therefore, if we compare the 1949 founding of the people's Republic of China with "going to the city for examination", then it is now the "goal final".

At the policy level, we should do our best to maintain our Chinese characteristics.

A very subversive mistake worthy of our vigilance lies in the pursuit of corruption and the desire to eat a fat person.

In this regard, the full liberalization of the capital market must be steady and steady, effectively preventing external shocks and serving them in a stable, balanced and growing China's real economy.

We must guard against the negative internal and external spillover effects of RMB circulation and operation.

We should speed up the implementation and verification of new laws, regulations and measures, and establish a new mode of international cooperation in law enforcement.

In terms of talent, we must seize every opportunity to cultivate ourselves in a variety of ways and create conditions and conditions to make a politically reliable, highly specialized and daring team grow up.

In this talent team, we must produce first-class talents in Megatron world.

For China's productive enterprises, the new role that RMB will play will contribute more to their external investment and international operation.

They will enjoy a more pparent business environment, more sought after financing schemes and more convenient accounting treatments in factories, employees, buying raw materials, selling products, accounting for profits and losses, bank loans, payment fees, local taxes and repatriation of profits, and are also conducive to their overseas acquisitions, mergers and acquisitions, global allocation of assets and resources and technology cooperation.

These conditions will be pformed into industry competitiveness in varying degrees.