Series signal release accelerates RMB internationalization process

From the trial operation of the cross-border QR code unified gateway to the joint launch of the bilateral currency settlement framework with the Central Bank of Indonesia, and then the renewal of the bilateral currency swap agreement with the European Central Bank... Recently, the People's Bank of China has been taking frequent actions, signaling an acceleration in the internationalization of the renminbi. Experts believe that with the advancement of cross-border payment interconnection and the implementation of related policies, the use of the renminbi in cross-border trade and investment will further expand, and the process of renminbi internationalization will continue to accelerate.