金融改革开放持续深化 人民币国际地位稳步提升——《金融时报》访中国人民银行宏观审慎管理局负责人

Core Viewpoint - The People's Bank of China (PBOC) is advancing the internationalization of the Renminbi (RMB) during the 14th Five-Year Plan, enhancing its quality and level of use in cross-border transactions, thereby increasing its global status and influence [1] Group 1: Achievements in RMB Internationalization - The RMB has become the largest currency for China's foreign exchange settlements, the second-largest for trade financing globally, and the third-largest payment currency, with a weight of 12.28% in the IMF's Special Drawing Rights (SDR) basket [1][2] - In the first half of 2025, RMB cross-border payments totaled 35 trillion yuan, a 14% year-on-year increase, with goods trade payments reaching 6.4 trillion yuan, accounting for 28% of total cross-border payments, marking historical highs [2][3] - The offshore RMB market is developing healthily, with over 10 trillion yuan in RMB financial assets held by foreign entities, and more than 80 countries have included RMB in their foreign exchange reserves [2][3] Group 2: Development of RMB Payment and Clearing Network - The PBOC has established a comprehensive RMB cross-border payment and clearing network, including the Cross-Border Interbank Payment System (CIPS), which connects 1,729 participants across 189 countries and regions [3] - The efficiency of cross-border payments is improving, with ongoing advancements in digital RMB transactions and interconnectivity of payment systems [3] Group 3: International Monetary Cooperation - The RMB's inclusion in the SDR basket and its role in regional financial safety nets through currency swap agreements with 32 countries, totaling approximately 4.5 trillion yuan, highlight its importance in global financial stability [4][5] - Currency swaps facilitate liquidity provision in financial markets and support bilateral trade and investment, reducing exchange rate risks for enterprises [5] Group 4: Future Directions for RMB Usage - The PBOC aims to enhance the environment for RMB usage by improving policies for cross-border trade and investment, optimizing management of overseas listing funds, and enhancing the capabilities of commercial banks in cross-border financial services [6][7] - Plans include further opening of financial markets, increasing transparency, and supporting the development of offshore RMB markets, particularly in Hong Kong [7]