General secretary Xi Jinping stressed that strengthening global governance, promoting global governance system reform is the trend. In the recently concluded G20 Hangzhou summit, China and the participating parties to reach a consensus, to promote the international order in a more equitable and reasonable direction. As an important result of this meeting, in October 1st, the RMB officially joined the International Monetary Fund SDR, which is SDR currency basket, as the world's reserve currency, which is not only Chinese into and perfect the financial system of the world an important step, and more through the injection with the force increasing, China in global governance discourse right in the continuous improvement.
In the occasion of the renminbi to join the SDR currency basket, many international organizations and investment institutions have begun to move to increase the allocation of assets in the renminbi.
International fund managers plan to double their investment in Renminbi denominated bonds in the coming year, according to a survey by Deutsche Bank.
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RMB international investors, not in a day. After the dollar, the euro, the pound, the yen after the world is a hard currency, by the steady growth of China's economy and the world closer to the docking. 2015 China's foreign trade export value of 2 trillion and 280 billion U.S. dollars, accounting for the global rise to nearly 14%.
From a broader perspective, the yuan to join the SDR, but China is a part of the depth of participation in global economic governance. In recent years, to promote the reform of International Monetary Fund, the world bank and other China in multiple levels, improve the emerging economies and the voice and representation of developing countries, at the same time the initiative to lead and participate in the creation of Asian investment bank. The RMB is China's accession to the SDR, from a strategic perspective, under the framework of G20 using the initiative, issues and agenda setting to seize the opportunity, take advantage of promoting the reform of the international monetary system.
A stable and resilient international financial framework is essential to promote strong, sustainable, balanced growth and financial stability in the Hangzhou summit. Less than a month later, the official RMB into the basket, not only to further confirm the results of the G20 Hangzhou summit, but also to promote the depth of China's participation in global governance has taken a new step.
Vice president of the World Bank of East Asia and the Pacific in Vitoria. Several: RMB into the basket is reflected in the rise of the global economy Chinese bring positive and natural development. It also fully affirmed the important achievements made by China for the improvement of the modern market economy.
As Ke Watts said, the internationalization of the RMB has been steadily advancing, highlighting the world's comprehensive deepening of reform in china. Especially since last year, the central economic work conference and the Central Committee of the deep reform of the meeting, the financial system reform as the focus of the content included, and continue to promote. These real reform initiatives for the market and the international community to inject confidence, to promote the yuan officially entered the basket in the year eleven as scheduled.
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