A few days ago, the Bank of China Research Institute issued a research report that pointed out that in the past seven years, the use of RMB in the “Belt and Road” region has gradually increased, currency cooperation has been continuously deepened, and infrastructure has been improved. The construction of the “Belt and Road” and the internationalization of the renminbi complement each other to achieve a benign interaction.
The “Belt and Road” initiative has achieved fruitful results from its proposal to its implementation. It has become a global public product for my country to participate in global open cooperation and promote global common development. It also opens up a new pattern for the internationalization of the RMB and brings a rare historical opportunity. A few days ago, the Bank of China Research Institute released the latest research report that pointed out that in the past seven years, the use of RMB in the “Belt and Road” region has gradually increased, currency cooperation has been continuously deepened, and infrastructure has become more and more perfect. However, the political and economic situation in the region is complex and diverse, the relevant systems and market construction are not yet "mature", and the use of RMB still faces some obstacles. In the future, the construction of the “Belt and Road” initiative and the internationalization of the renminbi need to build a sustainable circular model and structure that is mainly commercial and supplemented by policy.
RMB investment and financing should emphasize safety, commerciality and sustainability. "Only when commercial finance acts as the main force and follows market-oriented rules, can country-specific and credit risks be effectively reduced and reasonable returns can be obtained." Zhao Xueqing said, innovating investment and financing models, and steadily advancing the opening of the domestic bond market and the construction of the relevant offshore RMB market. Development and effective mobilization of long-term funds to participate in the “Belt and Road” construction.