在多极化的全球经济环境下，中国和世界都需要一个国际化的人民币，一位中国前高级官员在一篇文章中呼吁道。这篇文章发表之际，北京正升级其数字人民币基础设施，以加强重塑以美元为主导的全球金融体系的努力。
Both China and the world need an internationalised yuan in a multipolar global economic environment, a former senior Chinese official has urged in an article that was published as Beijing upgraded its digital-yuan infrastructure to bolster efforts to reshape the US dollar-dominated global financial system. Wider use of the Chinese currency, also known as the renminbi, would support China’s high-quality growth while offering an alternative that could help stabilise the international financial system amid intensifying geopolitical risks, said Zhu Min, a former deputy governor of China’s central bank, in an article published in Communist Party press organ the People’s Daily on Wednesday.
中国央行前副行长、国际货币基金组织（IMF）前副总裁朱民在周三发表于中共机关报《人民日报》的文章中表示，更广泛地使用中国货币——也称为人民币——将支持中国的高质量增长，同时提供一种替代选择，有助于在日益加剧的地缘政治风险中稳定国际金融体系。
China’s economic and trade strength and the yuan’s growing acceptance gave the world a credible alternative store of value, and China also had the payment systems, liquidity tools and banking networks to support wider yuan use, said Zhu, also a former deputy managing director of the International Monetary Fund (IMF).
朱民说，中国的经济贸易实力以及人民币日益增长的接受度，给世界提供了一个可信的替代价值储存手段，中国还拥有支付系统、流动性工具和银行网络，可支持人民币更广泛的使用。
“These factors form the foundation for the yuan’s stability and credibility, and are exactly what the world needs for economic and financial development,” he said.
他说：“这些因素构成了人民币稳定性和公信力的基础，也是世界经济金融发展所迫切需要的。”
On Wednesday, the People’s Bank of China announced two upgrades to its digital yuan infrastructure service system that focused on its back-end system for the digital yuan and a “smart-contract” framework for programmable digital-yuan payments.
周三，中国人民银行宣布了其数字人民币基础设施服务系统的两项升级，重点在于数字人民币的后端系统以及可编程数字人民币支付的“智能合约”框架。
State news agency Xinhua described them as two major achievements from the central bank’s digital yuan operation and management centre in Beijing, which was established a year ago.
官方通讯社新华社将这两项升级描述为央行数字人民币运营管理中心（一年前在北京成立）的两大主要成果。
The bank had earlier opened an international operations centre for the digital yuan in Shanghai, whose key responsibilities include building and operating the digital yuan’s cross-border and blockchain infrastructure.
央行此前已在上海设立了数字人民币国际运营中心，其主要职责包括建设和运营数字人民币的跨境及区块链基础设施。
In Wednesday’s article, Zhu wrote China had a “historic window of opportunity” to accelerate its push for the yuan’s internationalisation.
在周三的文章中，朱民写道，中国拥有“历史性窗口期”来加速推进人民币国际化。
He said that in a changing global landscape, rising geopolitical risks and structural shifts in the world economy were being accompanied by the rise of Global South countries, with China accounting for roughly one-sixth of the world’s economic output and more than 14 per cent of global goods exports.
他表示，在不断变化的全球格局中，地缘政治风险的上升以及世界经济的结构性变化，伴随着“全球南方国家”（即发展中国家）的崛起；中国在全球经济总量中占比约为六分之一，其商品出口额则超过全球总量的14%。
The currency’s overall footprint overseas remains limitedZhu Min Zhu said those trends were accelerating multipolarity and creating pressure for reform of the international monetary system.
朱敏指出，这些趋势正在加速多极化的进程，并对国际货币体系的改革带来了压力。
For China, he said greater international use of the yuan would support its high-quality growth agenda, which involved technological innovation, advanced manufacturing, services upgrading, green transition and outbound corporate expansion.
对于中国而言，人民币在国际上的更广泛使用将有助于推动其高质量经济增长战略——这一战略包括科技创新、先进制造业的发展、服务业的升级、绿色转型以及企业对外投资的扩张。从全球角度来看，中国的经济规模、长期增长潜力以及货币的稳定性，使得人民币具备了作为“价值锚”的潜力；加强人民币的这一作用也将惠及整个世界。
From a global perspective, China’s economic scale, long-term growth fundamentals and perceived monetary stability positioned the yuan as a usable “value anchor”, and strengthening that role would also benefit the rest of the world, he said. Zhu acknowledged that the yuan’s global status still lagged its economic weight.
朱敏同时承认，人民币的全球地位仍与其经济实力不相匹配：“人民币在海外的使用范围仍然有限，其作为计价单位、支付手段、投资工具和储备资产的功能仍有待进一步发展。”
“The currency’s overall footprint overseas remains limited, and its functions as a unit of account, payment medium, investment vehicle and reserve asset still require further development,” he said.
他引用国际清算银行（Bank for International Settlements）的数据指出，目前人民币在全球外汇交易中的占比为8.5%，在国际货币基金组织（IMF）的特别提款权（SDR）货币篮子中的权重为12.28%。
Citing Bank for International Settlements data, he noted that the yuan now accounted for 8.5 per cent of global foreign exchange trading and had a 12.28 per cent weight in the IMF’s Special Drawing Rights currency basket.
汇丰银行（HSBC）负责人民币国际化事务的全球负责人Vina Cheung表示，企业客户和机构仍对人民币的可兑换性、兑换成美元后的融资成本以及离岸市场的流动性不稳定等问题存在担忧；不过她也承认人民币国际化进程已取得了一定的进展。
Vina Cheung, HSBC’s global head of renminbi internationalisation, said corporate clients and institutions still had concerns over the yuan’s limited convertibility, financing costs after conversion into US dollars and unstable offshore liquidity, while acknowledging progress in the currency’s internationalisation.
周三，她在上海外滩峰会上表示：“人民币现在基本上是一种国库货币，可以在现金和国库管理、成本管理、流动性和风险管理方面为企业提供帮助。”
“Renminbi basically is now a treasury currency that can help the business in terms of cash and treasury management, managing the cost, the liquidity and the risk,” she said at the Bund Summit in Shanghai on Wednesday.
“五年前，我们的客户会问：‘我可以用人民币支付吗？’而今天他们会问：‘我可以在整个供应链中使用人民币开票、融资、互换、对冲、资金池管理和投资吗？’”她还补充说，人民币国际化的下一阶段将取决于数字创新、资本市场的深化，以及中国在岸市场与香港离岸市场之间更紧密的一体化——后者提供“执行的确定性”，并让国际企业有信心使用和持有人民币。
“Five years ago, our clients were asking, ‘Can I pay in renminbi?’ And today they will ask, ‘Can I invoice, fund, swap, hedge, pool and invest in renminbi across [my] supply chain?’”She added that the next phase of yuan internationalisation would hinge on digital innovation, deeper capital markets and closer integration between China’s onshore market and Hong Kong’s offshore market – with the latter providing “execution certainty” and giving international businesses the confidence to use and hold the currency.