Securities Times: Renminbi seizes favorable opportunity to play international financing currency role.
The development of the market continues to deepen in the two-way interaction of supply and demand. As more and more international investors trust RMB assets with real money, there will naturally be more diverse financing entities focusing on the RMB market. On April 22, the Chinese Ministry of Finance issued 15.5 billion RMB offshore sovereign bonds in Hong Kong, which were eagerly subscribed by global investors, with the issuance rates of various maturities reaching historic or multi-year lows. In the current low interest rate environment, the RMB's role as an international financing currency is experiencing favorable opportunities. Continuously promoting high-level opening up of the financial sector, strengthening the supply of safe assets and liquidity of offshore RMB, maintaining the RMB exchange rate at a fundamentally stable and balanced level, will provide solid support for the next stage of RMB internationalization to reach new heights.
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