China International Capital Corporation Limited Chen Liang: Steadily Elevate the International Reserve Currency Status of the Renminbi

WealthCoffee · 2026-03-24T15:08:22+00:00

Current geopolitical and economic risks are intensifying, and the safety of dollar assets is declining. China can steadily enhance the international reserve currency status of the yuan and promote the development of the global monetary system toward a multi-polar framework. According to China International Capital Corporation's analysis, the proportion of the yuan in global foreign exchange reserves remains low, and there is still room for improvement relative to China's economic position.

WealthCoffee

2026-03-24 15:08:22

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Caixin: Currently, geopolitical and economic risks are intensifying, and the safety of dollar assets is decreasing. As the international monetary system continues to be restructured, China can steadily enhance the international reserve currency status of the Renminbi, promoting a shift from a single-center global currency system to a more balanced multi-center structure.

On March 23, at the China Development Forum 2026 Annual Meeting, Chen Liang, Chairman of China International Capital Corporation, stated during the session “Responding to Uncertainty: Global Risks, Growth Opportunities, and Cooperation.”

In a research report released by CICC in January 2026, it was noted that the Renminbi currently accounts for a low proportion of global foreign exchange reserves, leaving significant room for improvement relative to China’s economic status. An international reserve currency is a widely used currency that can be directly used for international payments. As of the third quarter of 2025, the US dollar accounted for about 57% of global foreign exchange reserves, followed by the euro at about 20%, with the Japanese yen, British pound, Canadian dollar, and Renminbi accounting for approximately 6%, 5%, 3%, and 2%, respectively.

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