1. First, the conclusion: The gradual internationalization of the renminbi will create more opportunities. The renminbi exchange rate is likely to appreciate to the range of 6.7-7.05 in the next 12 months.
2. This policy release is a reflection of the balance and adjustment under the preventive measures of the Chinese financial market and the factors of international political rivalry.
For ordinary users, the compliance risks of buying and selling virtual currencies have significantly increased, and they should closely monitor the subsequent introduction of laws and regulations. Considering the risks of withdrawal, some users may turn to decentralized platforms.
3. If China can play a more active role in regional and even global security, the degree of control, transparency of the financial market, and the gradual resolution of debt issues will directly affect the process of currency internationalization.
The internationalization of the renminbi continues to face the "impossible trinity" issue among "free capital movement, independence of monetary policy, and stability of exchange rates," increasing the pressure for systemic risk management.
