This, he explains, is because central clearing promotes competition.

他解释说，这是因为中央清算促进了竞争。

You've already been seeing the introduction of online trading, central clearing, stuff that I think western investors may take for granted now.

您已经看到了网上交易、中央清算的引入，我认为西方投资者现在可能认为这些都是理所当然的。

And there are certain things you have to do around that that's, like, kind of jargony, like central clearing and trade transparency.

有些事情你必须做，就像行话一样， 比如中央清算和贸易透明度。