Episode Details

China is likely to press ahead with expanding the global use of the yuan in a gradual and prudent manner during the 15th Five-Year Plan period (2026-30), while continuing to foster a sound environment for using and holding the Chinese currency, officials and experts said.

官员及专家表示，“十四五”规划期间（2026-2030年），中国或将以循序渐进、审慎稳妥的方式推进人民币国际化进程，同时持续营造有利于人民币使用与持有良好环境。

As the dollar-centered international monetary system appears increasingly fragile, efforts to raise the yuan's global profile are seen as essential not only for safeguarding China's financial security but also for enhancing the resilience of the global monetary framework, they said.

他们指出，随着以美元为核心的国际货币体系脆弱性日益凸显，提升人民币国际地位不仅对维护中国金融安全至关重要，也有助于增强全球货币体系的韧性。

Future reforms, they added, should focus on broadening capital market access for global investors with a more integrated framework, deepening capital account liberalization under prudent oversight, and enhancing exchange rate flexibility to support the stable, long-term internationalization of the yuan, or the renminbi.

专家补充称，未来改革应聚焦三大方向：通过更完善的一体化框架拓宽全球投资者进入中国资本市场的渠道、在审慎监管下深化资本账户开放、增强汇率弹性，以此支撑人民币长期稳定的国际化进程（人民币又称“Renminbi”）。

The People's Bank of China, the country's central bank, said that China will continue to improve the environment for both domestic and overseas entities holding and using the yuan, as the cross-border use of the renminbi is a natural process.

中国人民银行（中国央行）表示，跨境人民币使用是自然发展过程，中国将持续优化境内外主体持有和使用人民币的环境。

"As the pace of diversification in the international monetary system accelerates, business entities are showing a stronger endogenous demand for using the yuan," it said.

央行还提到，“随着国际货币体系多元化进程加快，市场主体对使用人民币的内生需求不断增强”。

Efforts will be made to integrate investment channels to attract more overseas investment in the onshore financial market, refine renminbi settlement policies for cross-border trade and investment, and encourage more qualified overseas institutions to issue panda bonds — yuan-denominated bonds sold in the onshore market by overseas entities, it added.

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