It refers to the process of valuation, settlement and settlement that can cross national boundaries and circulate abroad, and become universally recognized internationally.
Although the current overseas circulation of RMB does not mean that RMB has been internationalized, the expansion of the overseas circulation of RMB will eventually lead to the internationalization of RMB and make it become.
The meaning of RMB internationalization includes three aspects: first, RMB cash enjoys a certain degree of circulation abroad;
Second, and most importantly, financial products denominated in renminbi have become the investment tools of major international financial institutions, including central banks. To this end, the scale of financial markets denominated in renminbi has been expanding.
Third, a certain proportion of international trade transactions should be settled in renminbi.
This is a common measure including the internationalization of the renminbi, the most important of which are the latter two points.