RMB, becoming the fourth place in the world to pay currency

The "2022 Renminbi International Report" released by the People's Bank of China shows that the shareholding share of the RMB has increased to 2.7%in December 2021, and exceeded the yen to become the fourth place in the world's payment currency. In January 2022, it was further increased to 3.2%. Creating a record high.

Since 2021, the RMB cross -border receipts have continued to grow on the basis of the last year. In 2021, the total number of cross -border receipts of banks was 36.6 trillion yuan, an increase of 29.0%year -on -year, and the receiving amount reached a record high. The overall balance of RMB cross -border income and expenditure, with a cumulative net inflow of 404.47 billion yuan throughout the year. According to data from the Global Bank of Financial Telecommunications Association (SWIFT), the RMB international payment share increased to 2.7%in December 2021, and exceeding the yen became the world's fourth payment currency. In January 2022, it further increased to 3.2%, a record high. According to the official foreign exchange reserve currency composition (COFER) data released by the International Monetary Fund (IMF), in the first quarter of 2022, the proportion of RMB in global foreign exchange reserves accounted for 2.88%, which was just added to the RMB in 2016 (SDR ) The currency basket rose by 1.8 percentage points, ranking fifth among the main reserve currency. In May 2022, the International Monetary Fund (IMF) raised the weight of the RMB from 10.92%to 12.28%in the special withdrawal right (SDR), reflecting the recognition of the RMB free degree of free use.

The real economy -related cross -border RMB settlement volume has maintained rapid growth. The areas of commodities, cross -border e -commerce and other fields have become new growth points, and cross -border two -way investment activities continue to active. The RMB exchange rate generally shows a two -way fluctuation, and the endogenous demand for market entities to avoid the risk of exchange rates has gradually increased. RMB cross -border investment and financing, transaction settlement and other basic systems have continued to improve, and the ability to serve the real economy has continued to increase.

my country's financial markets have continued to advance, and RMB assets have maintained high attractiveness to global investors. The cross -border receipts under securities investment are generally net inflows. As of the end of 2021, overseas entities holding domestic RMB stocks, bonds, loans and deposits such as financial assets were 10.83 trillion yuan, an increase of 20.5%year -on -year. The offshore RMB market has gradually recovered and transactions are more active. As of the end of 2021, the main offshore market RMB deposits were close to 1.50 trillion yuan.

Source: central bank official website

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