Central Bank Governor Pan Gongsheng: The Renminbi has become the world's second-largest trade financing currency

Pan Gongsheng, the Governor of the People's Bank of China, stated at the 2025 Lujiazui Forum that the Renminbi has become the world's second largest trade financing currency, and according to the full caliber calculation, the Renminbi has become the world's third largest payment currency; The weight of the Special Drawing Rights (SDR) currency basket of the International Monetary Fund (IMF) ranks globally. In the future, whether it is a single sovereign currency or a few sovereign currencies as the dominant international currency, sovereign currency countries need to take corresponding responsibilities, strengthen domestic fiscal discipline and financial supervision, and promote economic structural reform.