Recently, jointly organized by the Jinan Branch of the people's Bank of China, Shandong Province business hall and the Republic of Korea in Qingdao Consulate General of & ldquo; Luhan bilateral cross-border currency settlement propulsion & rdquo;, Ma Jun, chief economist at the Bureau of the people's Bank of China made a keynote speech, this paper introduces the RMB internationalization of some recent advances.
Ma Jun said that since July 2009, China launched cross-border RMB settlement business has more than 6 years. 6 years, the RMB cross-border business from scratch, from small to large, vigorous development, full of vitality, and promote cross-border use of RMB has been in the community at all levels to form a consensus. From January to July this year, 673 trillion yuan in total cross-border RMB payment amount, an increase of 20%; among them, often RMB actual payment amount 3.99 trillion yuan, an increase of 5%; capital RMB actual payment amount 2.75 trillion yuan, an increase of 51%. As of the end of 2015 7, the main foreign currency holdings of RMB financial assets total 4.34 yuan, of which the stock market value of 600770000000 yuan, the bond balance of 797440000000 yuan, the loan balance of 974960000000 yuan, 1.96 yuan deposit balance. RMB cross-border payments have been accounted for the same period in the amount of cross-border payments of foreign currency 1/4, the country's goods trade in RMB settlement accounts for the proportion reached 26%, the RMB has become the second largest after the u.. To the end of 47, more than 2014 central banks and monetary authorities in China to hold the renminbi as its reserve assets.
In recent years, the offshore RMB market has been further developed, the RMB international cooperation continues to deepen. As of the end of 2015, the people's Bank with 32 countries and regions of the central bank or monetary authorities signed a bilateral currency swap agreement, the total size of about 3.1 yuan, the currency swap agreement substantial increase; as of the end of 2015, the people's Bank in 17 countries and regions established RMB clearing arrangements, covering Southeast Asia, Western Europe, Middle East, North America, South America and Oceania and other places, supporting RMB denominated settlement currency. The acceptance of foreign currency is also higher and higher, the international status of the RMB rose significantly. June 2015, according to the World Bank Financial Telecommunications Association (SWIFT) statistics, the RMB has become the world's second largest trading financing currency, the fifth largest payment currency and the sixth largest foreign exchange trading currency.
