1, the United States began to "close the door" and its future development is uncertain.

2. China's economic strength is getting stronger and stronger, and the RMB is relatively stable.

3. The inevitable choice of the European Central Bank under the background of globalization.

In short, the European Central Bank's conversion of US dollar foreign exchange reserves into RMB affirmed the strong momentum of China's economic development and was a positive signal of RMB internationalization. Although the scale is small, we believe that with the strength of China, the RMB will compete with the US dollar, which is worth looking forward to.