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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Research on the RMB in the Global Financial Market Analysis of the Current Situation and Development Prospects

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DOI: 10.25236/ssehr.2022.028

Author(s)

Hao Ji

Corresponding Author

Hao Ji

Abstract

Since 2021, under the leadership of the Party Central Committee, the People's Bank of China has insisted on implementing the leadership of the State Council with a new concept of development, continuing to promote reform and opening up, mutual benefit and win-win, promoting the survival and development of the RMB in the global financial market, provide a strong guarantee for the real economy. The overall situation of the RMB in the global financial market is better, the RMB's payment function and reserve currency are continuously enhanced, and investment and financing currency functions have also been further deepened. This article introduces the dynamic evolution process and development of the RMB in the global financial market, and it is explained that the RMB in the international financial market is gradually being widely accepted. It shows that the RMB has an important seat in the financial market and analyzes the future development prospects of the RMB in the international financial market.

Keywords

the RMB; Financial Market: Analysis of Status; Development Prospects