RMB Internationalization: A Ten-year Review

Summary

The RMB has taken steps on its internationalization march. This ppt reviews RMB's expanding role in global trade and businesses in the past decade, strategies to increase overseas usage of RMB and "811" devaluation and its implication. The next breakthrough will be the opening-up of the domestic bond market.

Key points

• Key points:
• The origin and background of RMB internationalization
• Strategies to increase overseas usage of RMB
• Taking stock of early fruits
• "811" devaluation and its implication
• Next breakthrough: The opening-up of RMB bond market

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