In recent years, the international status of RMB has been steadily improved, and the internationalization development trend is favored by more and more people. European industry experts and market participants believe that the RMB will play an increasingly important role in the world in the future. According to the "currency composition of official foreign exchange reserves" released by the International Monetary Fund recently, the proportion of RMB in global foreign exchange reserves reached a new high of 2.79% in the fourth quarter of 2021. According to the data of the global Interbank Financial Communication Association, in December 2021, in the global payment currency ranking based on amount statistics, the share of RMB in international payment rose to the fourth, ranking among the top four active currencies in the world. As a landmark measure for China to build an offshore capital market, China Europe International Exchange opened in Frankfurt, Germany, in November 2015. The reporter recently learned from China Europe international exchange that the offshore RMB bond market has gradually developed in recent years. European exchanges have also become the main listing and listing places for offshore RMB bonds. Domestic and foreign institutions choose to issue or list offshore RMB bonds in Europe, especially in Frankfurt stock market, Germany. Omar Rashidi, a professor at ESAD business school in Spain, said in an interview with Xinhua News Agency recently that the increasing proportion of RMB as an international reserve currency is due to the rapid increase of China's share of GDP in the world economy and the closer ties between China and its international trading partners. He also believes that one belt, one road initiative and the issuance of digital renminbi will help to enhance the international status of the renminbi. Ferran brunette SID, Professor of Applied Economics at Barcelona Autonomous University, pointed out that China's rapid economic growth is also one of the reasons for the improvement of the international status of the RMB. He said that the importance of RMB as an international reserve currency will increase, and the proportion of RMB's global external reserves is expected to reach 10%. Rashidi believes that the internationalization of RMB will continue to make progress, especially considering the high inflation in the United States and the expected gap in economic growth between western countries and China. He also believes that the acceptance of RMB in global commodity markets is becoming higher and higher. Enrique van hoor, head of Iberia global consulting, believes that in view of its high stability, the RMB has "become more and more attractive" in the international market. Van hool said that China's status as the world's second largest economy, the world's largest exporter and second largest importer of goods trade, as well as the stability, solvency and low inflation of China's economy have promoted the rise of the international status of the RMB. "More and more foreign companies are engaged in import and export trade with China, which means that the exchange rate of RMB is increasing, because the use of local currency can reduce investment costs and reduce the problems caused by the exchange rate," he said (Xinhua News Agency)