Take the "money bag" problem that people are most concerned about. The reform of the international monetary system concerned by G20 will enhance the international status of RMB. In the future, more and more countries will recognize and accept RMB, so that Chinese people can enjoy more benefits and convenience in overseas travel, investment and shopping.
"An important topic of the G20 summit is to expand the use of SDR. The reaffirmation and re-support of the participation of major countries in the SDR resolution means that the expansion of the use of RMB has been recognized and the international status of RMB has been enhanced. Wang Wen, executive director of Chongyang Financial Research Institute of Renmin University of China, said that this also means that RMB will become an important currency for international trade payment and settlement.
2015165438+10 In October, the International Monetary Fund decided to include RMB in the SDR currency basket. This resolution will take effect on 10 this year, and the RMB will become the fifth currency in the SDR basket besides the US dollar, the British pound, the Japanese yen and the euro.
In the cognition of ordinary people, what impact will RMB "into the basket" have on our "money bag"? In the past, because the value and stability of RMB were underestimated, China tourists had to change the exchange rate and exchange foreign currency before leaving the country, which easily caused exchange rate losses and increased exchange costs. In the future, China people can travel, shop and invest abroad directly in RMB, which will increase the convenience of transactions and avoid exchange rate risks.
"Entering the basket" is also conducive to stabilizing the RMB exchange rate, reducing the pressure of depreciation and alleviating the worries of Chinese people about the shrinking of the "money bag". Keeping the RMB stable will also help investors to allocate and trade assets on a global scale.
"That is to say, in the future, it will no longer be a dream for China people to buy real estate, stocks and creditor's rights abroad and buy a house directly in RMB." Wang Wen said.
Helping the poor: financial services are more affordable
What should small and micro enterprises, rural people and poor people do if they encounter difficulties in obtaining loans? This year's G20 Hangzhou Summit pays special attention to the inclusive finance issue, which is expected to solve this problem.
Yi Gang, deputy governor of the People's Bank of China, said at the B20 press conference a few days ago that inclusive finance is enhancing the inclusiveness of financial services, so that people and low-income groups in remote areas and rural areas can get the most basic financial services.
"Financing difficulties often lie in the blind spots of the original financial system, such as small and medium-sized enterprises and the poor. Inclusive finance pays attention to vulnerable groups such as small and micro enterprises, farmers and urban low-income people, making it easier for them to participate in the whole economic development process. " Ding Chun, a professor at the Institute of World Economics, School of Economics, Fudan University, said that developing a global inclusive finance can stimulate economic growth and expand employment, thus benefiting all social strata and groups.
At present, China has also carried out a lot of inclusive finance's practice in constant exploration. Mobile payment, online credit, etc. , make us walk in the forefront of the world in this respect. Hangzhou, the host of G20 Summit, is a city with extremely convenient mobile payment.
The reporter learned that Ant Financial Services Group, which has been committed to providing inclusive finance services for small and micro enterprises and individual consumers, has served more than 4 million small and micro enterprises in the past five years, with an average single-family loan balance of less than 30,000 yuan. Basically, it takes three minutes to apply and one second to arrive. By the end of June this year, the payment, credit and insurance services for users of agriculture, rural areas and farmers launched by Ant Financial have covered more than 1.900 counties in China, including nearly 800 poverty-stricken counties at the national level. Ant Financial has served more than 22 million users of agriculture, countryside and farmers, among which rural users in state-level poverty-stricken counties account for 16.8%.
Inclusive finance attaches importance to poverty eradication, but this does not mean that inclusive finance is a public welfare activity aimed at low-income people. Ding Chun said that any financial activity has a profit purpose, which determines that the establishment of inclusive finance needs to deal with the relationship between public welfare and profitability, and use digital technology to benefit the people from inclusive finance's ideas. This year, three important documents on inclusive finance will be submitted to the G20 Hangzhou Summit, which will certainly benefit inclusive finance around the world.
Buy in buy: the transaction is more convenient and the price is cheaper.
Cheaper imported products, more varieties and faster circulation speed should be the biggest dreams of consumers, especially "Haitao people" and "hands-chopping people". G20 Hangzhou Summit is making dreams come true.
As the host country of the G-20 Hangzhou Summit, China proposed to discuss trade issues as important as fiscal and monetary policies. At the meeting of trade ministers held in July this year, G20 members reached a consensus on the G20 global trade growth strategy put forward by China, established seven pillars of cooperation, including reducing trade costs, promoting trade in services and enhancing trade financing, and put forward targeted policy principles and actions.
"These pillars will play a real role in promoting global trade growth, such as promoting the implementation of the Trade Facilitation Agreement as soon as possible, which is expected to reduce the global trade cost by 15%." Wang Shouwen, Vice Minister of Commerce, said that this also means that imported products will be cheaper and circulate faster, and consumers will also benefit from it.
The benefits of trade facilitation are particularly evident in Yiwu International Trade City, Zhejiang Province. This "international supermarket" in front of the local people's house allows consumers to buy all over the world without leaving the county seat, with guaranteed product quality and attractive price.
Zhang Ruizhi, director of the exhibition hall of the Spanish Commodity Center, said that the degree of trade facilitation in countries along the China-Europe train has been continuously improved, the procurement cycle and transportation time have been shortened, and the comprehensive cost of railway transportation has been reduced by about 15% compared with that of maritime transportation. Therefore, every year during the Spring Festival, consumers will be given more benefits, and the sales volume during the event is usually 50% to 60% higher than usual.
SMEs and young people also have good news to look forward to. The proposal aimed at promoting trade, helping small and medium-sized enterprises and young people, and creating jobs-establishing a world electronic trading platform and promoting cross-border e-commerce public-private dialogue, referred to as eWTP, was written into the overall policy report of B20.
Jia is the general manager of a cross-border electronic commerce company. He has been engaged in this industry for six years. He hoped that many issues to promote the development of cross-border e-commerce at the G20 summit could be implemented, and there would be a platform for small and medium-sized enterprises all over the world to truly belong to themselves and trade freely, fairly and openly.
"At present, for small cross-border e-commerce companies, different logistics and customs clearance standards around the world have increased our trade costs. If there is a unified agreement or dialogue and communication mechanism, trade facilitation can be greatly improved. " Jia said.