Early in 2010, the IMF had to "into the basket" to assess the feasibility of the renminbi. Since then, China has adopted a series of measures to speed up the process of internationalization of the RMB, the yuan a global currency swap network to promote and offshore renminbi clearing center fast business expansion, to achieve substantial growth on an international scale use of the renminbi. Yiwu City Especially this year, China is RMB "into the basket" introduced a number of reform measures, including improving the RMB exchange rate quotation mechanism, promote market-oriented interest rate reform, the adoption of IMF Special Data Dissemination Standard, publish foreign exchange reserves currency composition and the like.

These initiatives not only for the yuan "into the basket" to remove the technical barriers, but also the release of the Chinese firm financial reform to the international community, open and positive signal of capital markets, international institutions and investors praise. IMF staff said in early November SDR consideration of documents submitted to the Executive Board in Renminbi have been met "freely usable" currency requirements, the Board will recommend the yuan as an addition to the US dollar, euro, yen and pound outside The currencies included in the SDR basket fifth.RMB "into the basket", Yiwu Market to allow the yuan to become the first to be included in the SDR basket of currencies of emerging economies. This reflects the changes in the global economic landscape, reflecting the rise in the rise of emerging economies in the international monetary system in the right to speak, is a response to the international community to reform the international monetary system.

As China's economic and trade power, and the RMB cross-border trade settlement, the offshore market transactions and the rapid development of bilateral currency swap, many developing countries, the central bank began to RMB assets into foreign exchange reserves. Yiwu Futian Market In this sense, the yuan "into the basket" is also in line with the inevitable result of market demand. International public opinion believes that the yuan join the SDR basket is expected to play an increasing role in the international financial system.

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