This center refers to the establishment of an Islamic investment acceptance center and a China-Arab trade settlement center in the experimental area, starting from the Plan. Originally, foreign capital was forbidden to do experiments and demonstrations here, but why was it not approved? The key to the failure of China-Arab trade settlement center is that there are not many economic and trade exchanges. If oil settlement can be included in RMB pricing and payment, it is more likely to be approved. Therefore, the designer of the scheme lacks the research on the international pricing power of RMB, and the best and useful content is not included in the scheme, which leads to the failure of the China-Arab Trade Settlement Center to approve it. The Islamic Investment Center refused to approve it, mainly because the drafters did not know that the financial market access threshold was high, or that financial market access was a scarce resource, and both China and the United States were equally open or staggered. Therefore, "Ningxia actively introduces domestic and foreign financial institutions such as banks, securities and insurance to settle in the pilot area" and promises to reduce the entry threshold of domestic financial markets to zero. Therefore, experiments are allowed internationally, but investment is not allowed, that is, in the form of offices. There are no market access and management rights, and there are no restrictions on "promoting international and domestic cooperation in banking, insurance, securities, futures, equity investment and other fields". In other words, as the headquarters base of financial institutions, the experimental area only has personnel rights but no management rights, or financial institutions can conduct some business dealings, and financial institutions are not allowed to enter the market alone. How to approve the Islamic Investment Center? The author believes that if the Islamic Investment Center is built into an offshore investment center, the funds in the Arab world will be converted into RMB overseas and reinvested in Ningxia, and all the account funds will be subject to supervision. It is not allowed to withdraw money for investment and use outside the mainland capital market, only remittance is allowed. This will not affect inflation and speculation in Chinese mainland's prices and property market, nor will it affect the RMB exchange rate. As for the withdrawal, it can be carried out in batches, for example, 50% of the principal can be withdrawn in one year, 65,438+000% in two years and 65,438+000% in three years. Passing these thresholds will not excessively drag down the stock market. Or, if Ningxia adopts the window of reciprocal exchange of bilateral capital markets between China and Islamic countries, allowing the Arab world stock market futures bond market to set up a window in Ningxia, China, and the China stock market futures bond market to set up a window in Arab countries as a lubricant, it will promote the settlement of oil in RMB instead of US dollars. This exchange can be approved by the government of China. However, what Ningxia wants to explain is that the internationalization of RMB in trade settlement is limited, and an effective basis is put forward. I will make a statement here. The Japanese yen accounts for more than 40% of the country's import and export trade and 8% of the international market share. As a result, because the yen has no international pricing power and settlement power, it finally became a climate. At present, the international market share of RMB is far from 8% of Japanese yen, and only accounts for 15% of domestic import and export trade. Without international pricing power and settlement power, it may become the second yen in the future. Therefore, bilateral capital market swap and financial market swap provide a platform for RMB international investment settlement. If the oil in the Arab world is settled in RMB, the bottleneck of RMB internationalization will be quickly lifted, and countries will accelerate the reserve of RMB for oil purchase. In addition, once the oil is settled in RMB, the corresponding futures exchanges such as iron ore, rubber, coal, cotton and non-ferrous metals may be settled in RMB instead. Without this bilateral capital market and financial market swap, the global economy is now in recession, and the internationalization of RMB will not succeed until the Year of the Ox. To sum up, the author thinks that Ningxia "planning" experimental area lacks the security, threshold and internationalization strategy of global economic and financial diplomatic negotiations and domestic financial approval, and only some financial projects are designed too backward.