China has worked hard to monopolize the settlement method. For example, in just ten years, the mainstream of bank card payment and cash payment has become electronic payment.
The scope of electronic payment and the number of users are beyond the reach of the world. It shortens people's payment time, speeds up transactions and promotes the formation of a market-oriented and modern lifestyle.
According to the data released by the Global Banking Financial Telecommunication Association in February 2022, the proportion of RMB in the global payment currency has further increased. China adheres to the principle of economic peace with other countries and follows the basic beliefs of friendly cooperation and mutual exchanges.
We will continue to explore the convenience of payment methods and improve the international utilization rate of RMB, hoping that RMB settlement methods will be more and more widely used internationally.
The settlement of crude oil futures trading in RMB is very beneficial to China's crude oil futures trading, so it also promotes the continuous progress and development of China's crude oil futures fund-raising industry, and provides high-quality soil for the development of China's crude oil futures market, so investors will trade crude oil futures more smoothly.