On 1st December, IMF has finally approved the inclusion of RMB into the Special Drawing Rights (SDR) basket.

ANBOUND's research team is of the view that the inclusion of RMB into the SDR basket is a big deal for China as this means that the RMB has taken one big step forward towards internationalization and it will change the pattern in global currency.

The question on how to maximize the effects of the inclusion of RMB into SDR basket depends not only on the future economic trend in China, but more importantly, it depends on four important pillars consisting of China’s economic growth, financial reform, internationalization of RMB and China’s opening up.