The 2021 white paper on RMB internationalization released by the Bank of China recently shows that overseas financial institutions have a more positive intention to increase their holdings of RMB financial assets. The report mainly conducted a questionnaire survey on more than 3400 enterprises and institutions around the world. BOC said that the final survey results revealed the characteristics of RMB internationalization in five aspects: the RMB's settlement currency function has been enhanced; The function of RMB as a financing currency has remained stable on the whole; The investment currency function of RMB has been further strengthened; The application potential of RMB in cross-border supply chain is considerable; The expectation of domestic and foreign enterprises on the status of RMB as an international currency continues to rise. In terms of the function of investing in currency, the report points out that overseas financial institutions have a more positive intention to increase their holdings of RMB financial assets. 61.3% of the surveyed overseas financial institutions said they would increase the allocation of RMB denominated financial assets, an increase of 9 percentage points over the survey results in 2020. Among them, securities, investment banks and fund management financial institutions reported that they increased their holdings of RMB assets by two-thirds. In terms of settlement and financing currency functions, nearly 80% of the surveyed domestic and foreign enterprises said that they would further increase the proportion of RMB used in cross-border collection and payment settlement. 68% of the overseas enterprises surveyed give priority to using RMB financing in their trade with China. The report shows that the expectations of domestic and foreign enterprises on the status of RMB as an international currency continue to rise. 52% of the surveyed domestic and foreign industrial and commercial enterprises expect that the international currency status of RMB may be close to the US dollar and euro in the next 10 years, which is 4.5 percentage points higher than the survey results in 2020. (Xinhua News Agency)