The internationalization of the central bank's digital currency CBDC, the Shenzhen Stock Exchange's "going to sea" should be put on the agenda

Key points: In order to provide assistance to major strategic goals such as the “Belt and Road Initiative” and “RMB Internationalization”, the Shenzhen Stock Exchange should consider setting up a “Belt and Road Board” or a “Going to Sea Board” to allow government funds, private capital and international capital to trade in the “Belt and Road” There is a healthy and efficient exit mechanism for investment in the fields of "One Road" and "RMB Internationalization", which also gives Chinese investors the opportunity to share greater benefits from the development of high-growth companies going overseas.

According to Shenzhen Special Zone News, on August 29, Wang Weizhong, secretary of the Shenzhen Municipal Party Committee, met with Yi Gang, governor of the People's Bank of China, and his party. The two sides expressed that they will study deeply Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, conscientiously implement the "Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting Shenzhen in Building a Pioneering Demonstration Zone of Socialism with Chinese Characteristics", seize the major opportunities in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and promote The internationalization of the RMB, the development of digital currency research, and the development of green finance will be tried first, continue to deepen financial reform and opening up, achieve high-quality development of Shenzhen's financial industry, and fully promote the implementation of major decisions and deployments of the Party Central Committee.

The Shenzhen Special Zone Daily is the official newspaper of the Shenzhen Municipal Party Committee and the mouthpiece of the party. Uncle Mao will read the reports about the top leaders in Shenzhen repeatedly and try to interpret them in a way that is easy for Shenzhen citizens and industry partners to understand.

The leaders are busy with every day. When it comes to digital currency and the internationalization of the renminbi, which are related to the overall situation and will change the global political and economic order in the future, they will not easily express their views when the time is not ripe, but once a resolution is formed, it will be implemented vigorously.

Therefore, the last sentence of this report by the municipal party committee organ newspaper is: "Make every effort to promote the effective implementation of major decisions and deployments of the Party Central Committee." This is not the meaning of research and discussion, but to really set goals and plan to invest money and people to make big news.

Regarding the internationalization of the RMB and digital currencies going overseas, Uncle Mao has had continuous communication and discussions with relevant departments in Shenzhen two years ago. It is a bit difficult, because many aspects require the authorization of the Party Central Committee and the State Council, and the attitude of the central bank is also critical. There were also leaders who kindly reminded Uncle Mao to go to HK more, because under the political climate at that time, these policy packages were reserved for HK. Although Shenzhen is willing and able to take on heavy responsibilities, it can only give way for the sake of family harmony and the overall situation.

Then, this summer, HK had an accident, so let's not talk about it. In short, the citizens of Shenzhen, such as me, are very happy.

As a first-tier city with very healthy local finances, Shenzhen's main purpose is not to ask the central government for money, but to provide policies. Of course, the central government is willing to give more money and take it, and it will not be wasted. It will be doubled in a few years and returned to the central transfer payment to help small partners in the mainland.

That's why Uncle Mao has recently repeatedly called for the establishment of a "National Digital Currency Industry Guidance Fund" in Shenzhen, referring to the previous successful experience of the "National Integrated Circuit Industry Investment Fund", to truly develop the ecology of RMB internationalization and digital currency going overseas.

The government will invest 100 billion yuan, and the private capital will be 100 billion yuan, leveraging 10 trillion yuan in digital currency.

Why is it necessary to set up a "big fund" with a scale of 100 billion at the beginning of the country?

Because what we are facing is not just a simple commercial competition, but a world-class "currency war". Soldiers and horses have to go before food and grass are used. After the policy is introduced, money must be prepared, so as to attract all forces, including private capital and international capital. Get involved.

The internationalization of the renminbi is a big goal that the Party Central Committee and the State Council have been thinking about for many years, but it is also a thorn in the side of the international anti-China forces. In order to abolish the internationalization of the renminbi, they will not hesitate to stir up Hong Kong's waste youth to take to the streets to make troubles. Exposure one by one. The international anti-China forces also know in their hearts that after this incident, there will probably be no next time.

The use of HK to blackmail the central government is nothing more than the historical accumulation of the Far East US dollar as an international financial (xi) financial (qian) center. change.

But in Uncle Mao’s view, the HK financial system is just a marginal link of the “traditional US dollar hegemony” system. Whether it is people, ideas, cognition, systems or financial infrastructure, it is basically based on the “traditional US dollar hegemony” It has been built layer by layer, but HK has no place in the "digital dollar hegemony" system that the US masters are desperately working on, and it is not that valuable for the "RMB internationalization" and "China Central Bank digital currency" systems that the Party Central Committee and the State Council hope to implement. Well, the disturbance this time made it clear to everyone that Shenzhen should be relieved of such an important task.

Shenzhen has always wanted to take on this important task. Now that the central government has finally given the policy, the next step is various detailed rules and plans.

The "National Digital Currency Industry Guidance Fund" or the fund that assumes this guidance responsibility must have been brewing within the government department.

However, such a large amount of money must not be allocated casually, and it must go through the normal organizational process, expert demonstration and publicity of opinions.

Judging from past experience, it took almost three months to half a year from the time the government began to invite Uncle Mao and other industry representatives to discuss the guidance fund policy until it was officially released.

However, because the operating norms of the Shenzhen Guiding Fund are very mature, the previous "Shenzhen Angel Guiding Fund" and others have already found a way, no matter whether it is a system or a talent, it can be trial run with a little modification.

As citizens of Shenzhen, we can first appeal to the people and the industry.

The ultimate battlefield of the Sino-US "currency war" is in the "account" or "wallet" of every enterprise, every organization, and every consumer. Only every Chinese company doing business overseas, and every overseas user's mobile phone In the Chinese APP here, every Chinese who starts a business, works, studies and travels overseas will voluntarily and proactively promote Chinese digital currency to foreign governments, foreign companies, and foreign people, in order to achieve our goals faster and better.

In terms of capital investment, the government is the backbone, but the guidance fund must also be enlarged by private capital and international capital in order to truly realize its policy goals.

The first step is to have a policy, which has been announced globally by the Party Central Committee and the State Council.

The second step is to have investment, and it is a large-scale investment by the regular army of the national team, which is still on the way.

The third, fourth and fifth steps are the tactical issues such as system construction, license issuance, application demonstration, and landing promotion. Uncle Mao will write slowly in the future.

For the formation of a virtuous circle of RMB internationalization, there is another step that is very critical, which is the "exit" that is most valued by the capital market.

With regard to the exit of investment, the mainstream is still "IPO". With good exit expectations and value-added prospects, private capital and international capital will have greater motivation to join the united front of RMB internationalization.

In order to provide assistance for major strategic goals such as the "Belt and Road Initiative" and "RMB Internationalization", the Shenzhen Stock Exchange should of course consider setting up a "Belt and Road Board" or "Going to the Sea Board" or an "International Board" to allow government funds, private capital and international There is a healthy and efficient exit mechanism for capital investment in the "Belt and Road" and "RMB internationalization", which also gives Chinese investors the opportunity to share greater benefits from the development of high-growth overseas companies.

Since there are already precedents for the "Science and Technology Innovation Board" and the "registration system", the Shenzhen Stock Exchange's "Going to the Sea Board" should focus on helping outstanding companies with a large number of users and real application prospects overseas, especially in countries along the Belt and Road, to return to China for listing, and for this Groups tailor-made appropriate listing standards and access thresholds and other detailed rules.

A journey of a thousand miles begins with a single step; ten thousand years is too long to seize the day.