What is the significance of RMB internationalization?
First, take advantage of the situation that the three major world currencies of the United States, Europe and Japan are at a low ebb, expand the scope of RMB settlement in international trade, and change China's embarrassment of being "a big trading country with a small currency". Second, we should avoid risks for our foreign trade enterprises. In the past, as far as international trade was concerned, it was settled in dollars. After the settlement of dollars, there is foreign exchange, compulsory foreign exchange and exchange rate changes. In order to prevent exchange rate fluctuation, we adopted RMB direct settlement. In the short term, the introduction of this measure is mainly an important measure for China's foreign trade enterprises to avoid exchange rate risks. Thirdly, it also provides a good foundation for the internationalization of the capital market, because a very important prerequisite for the internationalization of China's financial system and China's capital must be the internationalization of RMB, while China's financial system will only be internationalized after the internationalization of RMB. In this sense, the internationalization of RMB is the vanguard, and the great development and internationalization of our financial market are the backup forces. When these two things are fully completed, China's finance will rise. At the same time, it can also boost China's position and voice in the international monetary and financial system; Fourth, reduce the risk of the current large amount of foreign exchange reserves, appropriately reduce the scale of foreign exchange reserves, avoid the losses caused by the dollar binding, and make the RMB get rid of its dependence on the dollar and become a fully tradable international reserve currency.