The mere expansion of currency swaps might not contribute much to the internationalization of the RMB. Anbound believes that the RMB must become a global "hard currency" and that China must also support reforms and other conditions. First, China's economy should be strong enough to maintain steady growth. Second, there must be a strong monetary system to provide the support. Third, China must build a capital market that has both depth and breadth, transparency and openness to the outside world, and there should be good internal supervision as well. Currently, China still needs to improve on some of these several aspects.