The Study Of RMB Internationalization With The Construction Of The Belt And Road Initiative

Since the reform and opening up, China has experienced rapid increase and has become the world’s second largest economy. In addition, China’s international status and influence in the world significant are incompatible. But with extremely inconsistent, the level of internationalization of the RMB is pretty low. To promote the internationalization of RMB is the urgent needs in the international context. RMB internationalization is RMB which transcends national borders, circulate in the world, and bear a store of value, medium of exchange, unit of account function process in the issuing country abroad. The construction of " the Belt and Road Initiatives " will help the region’s business activity and promote the circulation of money, to promote the RMB-denominated trade from this mechanism, the exchange of goods helps the outflow of RMB, thus expanding the RMB foreign exchange reserves. At the same time, foreign direct investment and to buy RMB bonds to help the inflow of RMB. The outflow of RMB international circulation flowing into the formation, which in turn will accelerate the development of financial transactions and foreign trade. In this interaction, the RMB investment function and accompanying pricing function deepen and promote the internationalization of the RMB upgrade. In theoretical research, economic factors, factors of investment, trade considerations, monetary and institutional factors will significantly affect the level of internationalization of the RMB. In this regard, the author building through empirical research "along the way" intrinsically linked to these factors, and the introduction of emerging countries, traditional national currency for comparison, the following recommendations:Based on the national economy, to establish a position of authority; improve trade structure, promote changeable capital market liberalization policy, to play the role of Asian investment banking advice.