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The continuous improvement of international status, financial marketization and openness, and the deepening of regional cooperation have greatly promoted RMB internationalization. This paper analyzes the current situation and impact of RMB internationalization, and then basing on the new factors including the economic mechanism, investment and trade factors, the exchange rate system and the historical inertia of the currency, it explores a new path selection from regionalization to internationalization. Finally, some suggestions suitable for China’s national conditions under the Belt and Road initiative are put forward, such as speeding up the construction of domestic financial markets and international financial centers, strengthening trade with neighboring countries, making effective use of the AIIB platform and establishing a worldwide banking system.

Path Selection of Renminbi (RMB) Internationalization under “The Belt and Road” (B &amp; R) Initiative

Path Selection of Renminbi (RMB) Internationalization under “The Belt and Road” (B & R) Initiative