On a global scale, RMB is becoming the "new darling" of foreign exchange reserves in various countries. The IMF first announced the global RMB foreign exchange reserves on March 3 1, 2065438. According to the latest data, as of the end of September last year, the proportion of RMB in global foreign exchange reserves was 1. 12%, and the proportion maintained an upward trend. In addition, more than 60 countries and regions such as Singapore, the Philippines, Russia and Argentina have included RMB in their foreign exchange reserves, and this figure was almost zero five years ago.

"More and more central banks and monetary authorities regard RMB as a reserve asset, which reflects the market demand. In the past many years, most of the foreign exchange reserves held by central banks around the world were US dollars, but in recent years, the variables of the US dollar have increased significantly. This practice of "putting eggs in one basket" is not conducive to the stability of the international market. As the status of the RMB as a reserve currency is gradually recognized, this obviously provides a reliable new choice for central banks. " Zhang Huanbo said.

"The renminbi's position in global foreign exchange reserves is rising, which is beneficial to China and other countries." Le figaro recently reported that for China, this will help to get rid of its dependence on the US dollar, reduce the foreign exchange costs and risks in trade, and at the same time help to attract investment and provide funds for the Belt and Road projects. For other countries, the inclusion of RMB in foreign exchange reserves enables their central banks to invest in a "solid" currency, and "the rate of return is more attractive than the US dollar". At the same time, it is also a means to diversify foreign exchange reserves, and it also reflects the signal of willingness to cooperate with China.