The guidance is clear. The change of cross-border RMB index can be decomposed according to the constituent indexes of cross-border, transfer and return, which provides clear guidance for improving the cross-border use level of RMB.
The interpretation is very intuitive. The index can be year-on-year and month-on-month, revealing the changing trend of RMB cross-border circulation in different time spans.
Characteristics of China Bank s Cross-border RMB Index;
Unique perspective. The market generally compiles the index from the functions of money dimension, while CRI compiles the index from the currency flow process dimension, revealing the dynamics of RMB cross-border circulation and use from different angles.
Rigorous structure. It consists of three closely connected parts: RMB cross-border outflow, overseas circulation and cross-border return, all of which are reflected by flow indicators, making the index structure logically highly consistent.
Coverage is comprehensive. This indicator covers all current projects, representative capital projects and overseas circulation projects, covering a wide range, which comprehensively reflects the active degree of cross-border and overseas use of RMB.