Product Name:Transformer MTG Bracket
Key words:Galv Transformer MTG Bracket,Transformer support,Transformer MTG Bracket for galv
Application: Support and protect chamsfomer
Technical parameters
Size:100-500 KVA
Part No.: Q.Q.Q.000011
Material elongation:Q345.Q235
Finished: Galvanized,HDG,Plain,Painting,Dacromet,Electrogalvanizing,Oiled,Phosphorization,etc
Place of origina:China
HS Code:730820
Trademark:ZBRF
Color:Customized
Part:Power,Galv
Transport Package:Plastic Bag or Gunny bag and Wooden Case
Port of shipment:Shanghai Port,Taicang Port
Certification:CE,SGS,A.S
Tensile strength ≥410Mpa
Yield strength ≥280Mpa
Elongation≥22%
Transformer Mtg Bracket,Galv Transformer Mtg Bracket,Transformer Support Power,Transformer Mtg Bracket For Galv TAICANG ZHONGBO RAILWAY FASTENING CO., LTD. , https://www.railfastener.com
BRICS “de-dollarization†pushes new international currency reserve system
On the 14th, the "Sanya Declaration" was issued at the Third Summit of the BRICS in Sanya, Hainan Province. On the same day, members of the BRICS Bank Cooperation Mechanism signed the Framework Agreement on Financial Cooperation of the BRICS Cooperation Mechanism. During the meeting, the five countries reached a consensus on a number of economic issues, and studied the expansion of local currency settlement among member countries and the financing of local currency, indicating that the BRICS countries agreed to “de-dollarization†before the G20 summit. The attitude of the new international monetary reserve system and strict control of large-scale cross-border capital flows (hot money) risks. Accelerating the "local currency cooperation" process to reduce trade troubles The BRICS countries (China, Brazil, India, Russia, South Africa) said in the jointly issued "Sanya Declaration" that they support the reform of the international monetary system to establish stability and certainty. A broad-based international monetary reserve system. The Wall Street Journal said that this statement clearly shows that the five countries support weakening the status of the dollar as the world's major reserve currency. On the same day, the BRICS Financial Cooperation Framework Agreement signed by the member banks of the BRICS Cooperation Mechanism showed that it will steadily expand the scale of local currency settlement and loan business, and facilitate the trade and investment facilitation among BRICS countries. This shows that member states have stepped up their cooperation in the local currency cooperation and sought to circumvent the exchange rate risks and costs brought about by the use of the US dollar in trade. Chen Yuan, chairman of the China Development Bank, said: "The cooperation of relevant financial institutions in various countries should be more pragmatic and efficient, and strengthen the local currency settlement and loan." He suggested that further expansion of local currency settlement and loans within the framework of the BRICS cooperation mechanism. Ways and means of business, carry out credit cooperation in local currency, and establish a more open and efficient financial service system. As early as last year, China began to try to settle local currency with Russia. At the BRICS Business Forum hosted by the China Council for the Promotion of International Trade on the 14th, Zhang Yanling, chairman of BOC Aviation Leasing Pte. Ltd., said: The five countries are major trading countries and exporting powers. 80% of the trade settlement between the five countries is in US dollars. Therefore, companies must bear the risk of exchange rates and interest rates. Zhang Yanling proposed an idea that in the future, the five countries can realize the price of the local currency, then the party that the enterprise sells is priced according to the national currency, and the buyer buys the money from the seller’s country from his government, so that the exchange rate can be avoided. Risk and interest rate risk. “BRIC countries increasingly need to use trade currency settlement and institutionalized currency swaps,†said Pang Kaige, CEO of Standard Bank China in South Africa. In order to avoid war between currencies, we must pay close attention to trade flows. For example, the exchange rate fluctuation of the Brazilian currency is very large, and the Brazilian ruble can be exchanged for US dollars and then exchanged for other third-party currencies. "We have made great progress in bilateral trade swaps. China has played a big role in promoting local currency settlement. Next year, the use of local currency settlement in the BRICS trade will achieve faster progress." Say. Aning Dita Gosh, acting president of the Industrial Bank of India's Industrial Credit Investment Bank, said that small and medium-sized enterprises need safe financial channels to reduce the cost of capital and reduce the loss of exchange. In fact, the transaction cost is very important for SMEs. Because often their trading volume is low, and the cost can be subdivided into structural cost and transaction cost, then the structural cost is often caused by currency conversion. If India wants to import from Brazil, they need to settle in US dollars. This has a lot of risks for foreign exchange in this foreign exchange. Under the pressure of hot money, financial cooperation and supervision pay equal attention to the BRICS Financial Cooperation Framework Agreement, which is regarded as a major step forward for the BRICS financial cooperation mechanism and contributes to the convenience of trade and investment among BRICS countries. Turn. “The agreement aims to strengthen cooperation among financial institutions, improve economic and commercial relations among member states, strengthen cooperation in finance, securities and other financial mechanisms, and support commercial trade among member countries of BRICS countries.†Brazil Development Bank Governor Luciano Coutinho said. He revealed that under the framework agreement, five banks will study the possibility of using local currency financing among BRICS countries. “These institutions have expressed their willingness to assist each other in accessing local financial and capital markets and issuing bonds in local currency.†Zhang Yanling said that he hopes that the financial exchanges and cooperation between the BRICS countries will provide a protection and support for economic cooperation. Sergei Sanakoyev, president of the Russia-China Economic and Trade Cooperation Center, suggested that it is very important for the BRICS countries to set up a large investment fund or the banks of the BRICS countries to play the role of mutual investment funds. The prospects for financial cooperation among BRICS countries are bright, but the current prevention of financial risks is more concerned. The Sanya Declaration called on all sectors to pay more attention to the large-scale cross-border capital flow risks currently facing emerging economies. The statement said that excessive fluctuations in commodity prices, especially fluctuations in food and energy prices, have brought new risks to the recovery of the world economy. Therefore, the regulation of the commodity derivatives market should be strengthened accordingly to prevent possible damage to market stability. activity. "In terms of financial business development, the BRICS countries also have similar characteristics and regulatory issues." Zhang Yanling said, "The BRICS economies are developing rapidly, and the wealthy groups are growing rapidly. Then the financial sector needs to develop some wealth management. The business of private banks to ensure that their wealth can be safely and appreciate. The international liquidity brought about by the quantitative easing monetary policy in the United States and the impact of international hot money on emerging markets impacting the local market are also common challenges faced by the five countries." At the level of industry regulation, she said, “Basel III has increased the regulatory costs of many economies, so in the latest terms, the off-balance sheet is moved to the table. The vast number of off-balance-sheet lines in the West are derivatives that are virtual economies. Derivative products, but the off-balance-sheet business of emerging economies is a real economy trade settlement project. If this trade settlement is also included in the table, the ratio of the capital drawn in the table is 100%, which is very good for us. It’s not fair.†Zhang Yanling said that in addition, the five countries are also major destinations for foreign capital investment, such as How to manage these foreign investments also requires the exchange of experience between the five countries.