4 Measures to promote the internationalization of the RMB under the One Belt One Road initiative Participate in the reform of the global monetary system and strengthen regional financial cooperation
Encourage the use of the RMB in cross-border trade settlements and investment activities along the Belt and Road. Establish RMB clearing centers and promote the use of RMB in international trade and investment settlements. Expand the network of RMB offshore centers and promote the use of RMB in international financial transactions. Increase the issuance of RMB-denominated bonds and promote the development of RMB-denominated financial products. Enhance financial infrastructure, including payment systems and settlement mechanisms, to facilitate RMB internationalization. Promote financial market integration and liberalization, allowing foreign investors to access China's capital markets and trade RMB-denominated assets. Strengthen cooperation with international financial institutions and promote the use of the RMB in their operations. Enhance financial literacy and awareness of the RMB among international market participants. Provide policy support and incentives for foreign companies to use the RMB in their business operations along the Belt and Road. Strengthen regulatory cooperation and coordination with other countries to ensure the stability and integrity of the RMB internationalization process.
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