STORY: Chinese FM spokesperson on IMF's lifting of RMB weighting in SDR currency basket
DATELINE: May 17, 2022
LENGTH: 0:01:09
LOCATION: Beijing
CATEGORY: ECONOMY
SHOTLIST:
1. SOUNDBITE (Chinese/English interpretation): WANG WENBIN, Chinese Foreign Ministry spokesperson
STORYLINE:
The International Monetary Fund's (IMF) lifting of the RMB's weighting in the SDR currency basket, will help to further enhance the Chinese RMB's status as an international reserve currency and increase the appeal of RMB assets, said a Chinese Foreign Ministry spokesperson.
SOUNDBITE (Chinese/English interpretation): WANG WENBIN, Chinese Foreign Ministry spokesperson
"The Executive Board of the International Monetary Fund (IMF) completed its quinquennial SDR valuation review a few days ago. The current composition was maintained with a higher weight for the Chinese renminbi. This is a high recognition from the international community of China's achievement in reform, opening-up and socioeconomic development. It will help to further enhance the Chinese renminbi's status as an international reserve currency and increase the appeal of renminbi assets.
Going forward, China will unswervingly continue to deepen the reform and opening-up of its financial market, further simplify the procedures for foreign investors to invest in the Chinese market, enlarge the universe of investable assets, improve data disclosure and business environment, extend the trading hours of the interbank foreign exchange market, continuously level up the convenience of investment, and create a more enabling investment environment for foreign investors and international organizations."
Xinhua News Agency correspondents reporting from Beijing.
(XHTV)
