The European Central Bank recently announced that in the first half of this year, by selling dollars, * * * increased RMB foreign exchange reserves equivalent to 500 million euros. This is the first time that the European Central Bank has included RMB in its foreign exchange reserves, which shows the confidence of the European Central Bank in China's economy.

The European Central Bank said in a statement that increasing RMB foreign exchange reserves was a decision made by the European Central Bank at its board meeting on June 5438+1October 20 this year, but the decision was not made public at that time. According to the European Central Bank, the inclusion of RMB in foreign exchange reserves is related to the increased use of RMB as an international currency in recent years, which also reflects the importance of China as one of the largest trading partners in the euro zone.

The inclusion of RMB in foreign exchange reserves also reflects the confidence of the European Central Bank in China's economic transformation, upgrading and sustained growth.

Mario Draghi, President of the European Central Bank, pointed out that the economic situation in China has improved. Cole, a member of the Executive Committee of the European Central Bank, said in an interview with the media recently that China is the main interest area of the European Central Bank. China government has the ability to guide the economic transformation and bring stability to the world economy. "I don't worry, I don't take risks." .

Cole said that although China still faces a series of long-term challenges such as shadow banking, corporate debt, domestic demand-driven and low-carbon economic transformation, up to now, the China administration has successfully guided economic development.

Wu, head of the global marketing department of Bank of China Frankfurt Branch, said that with the recent gradual liberalization of RMB funds by overseas central banks to invest in China's domestic bond market, the interest of overseas central banks in allocating more RMB assets will increase. With the stabilization and rebound of the RMB exchange rate against the US dollar, the market expectation of bearish RMB exchange rate has been reversed. It is expected that more and more national and regional central banks will use RMB as reserve assets, and the proportion of RMB in global foreign exchange reserves will gradually increase, and the internationalization of RMB will also be steadily promoted.