This book aims to document the process and the development of the internationalization of Renminbi and to identify the challenges. The book introduces an index of internationalization of Renminbi. It also uses a comprehensive multi-variable index to determine the degree of internationalization of Renminbi.
This book helps readers to understand the current status of the reformation on China’s currency system, the process of internationalization of the RMB and the current, intricate political and economic relations.
International Monetary Institute of RUC (hereafter referred to as “Monetary Institute”) is a nonprofit academic institution attached to The School of Finance of RUC and China Financial Policy Research Center. It bases itself upon farsighted strategic thinking and precise academic spirits, commits itself to researching international monetary frontier theories, promoting international monetary reform practices and cultivating international finance professionals, and strives to build itself into a top think tank aiming at both theoretical and practical fields concerning international finances, including the rise of China’s monetary industry and the reconstruction of international monetary system.