renminbi has been included this year after its rejection in IMF’s 2010 review. This makes Chinese yuan the third reserve … currency after the US dollar and Euro. IMF’s approval of renminbi among main world currencies is a step towards recognition of … China as a global economic power …

A global renminbi needs to be backed by a large, deep and liquid renminbi bond market with a world-class Chinese … government bond (CGB) market as its core. China’s CGB market is the seventh largest in the world while sitting alongside a huge … the 2014 global foreign reserves and facilitating a potential global renminbi, especially in the wake of the renminbi …

issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book …

establishment on prospects for the internationalization of the renminbi as a reserve currency around the world. As China's economy … diversifies in the acquisition of global assets, the renminbi may partially displace the dollar or yen as a reserve currency, with … international finance. The International Monetary Institute at Renmin University is China's foremost think-tank on issues of …