An Exploration into the New Path for SHFTZ Reform and RMB Internationalization

[Abstract]

This issue of Key Reference publishes an article entitled An Exploration into the New Path for SHFTZ Reform and RMB Internationalization. The article says Shanghai Free Trade Zone (SHFTZ) has launched a series of pilot projects, providing a new platform and a practical path for RMB internationalization. The article suggests making the “Shanghai Gold” model the template, and advancing RMB settlement for bulk commodity transactions; it suggests exploring SDR bond issuance, based on the SHFTZ platform, as well as the new path for the internationalization of RMB as a reserve currency; it also suggests new exploration into reform autonomy, RMB internationalization and the role of SHFTZ in the reform.