On the surface, it’s just “a rising proportion” piece of data—but from the perspective of the big players, changes like this have never been only numbers; they’re signals that global capital flows are gradually being rearranged. Why does this change matter? Because SWIFT is essentially the “settlement pipeline” for global capital flows. When the share of a particular currency continues to rise, it means one thing is happening: more transactions are being settled in RMB instead of the old system. Big players don’t just watch upswings and downswings; they watch “where the money flows.” Capital has never shifted suddenly; it must first show up slowly in the data—for example: a gradual increase in proportion, changes in settlement structure, and adjustments to cross-border flow methods. Retail investors see “+0.36%,” but big players see this: global capital is being redistributed across the entry channels.