RMB is the monetary unit of China and plays an important role in international trade. As the second largest economy in the world, China has continuously increased the internationalization of RMB, making the international abbreviation of RMB an important symbol in international financial business. The international abbreviation of RMB is CNY, which has become a customary name widely used in international remittance, foreign exchange transactions and other financial activities.

The internationalization of RMB has been accelerated, and it has been recognized and used more and more in the world. Besides CNY, another international abbreviation of RMB is RMB, which is widely used in international futures trading or commodity gold pricing. The usage of the two abbreviations is slightly different. The internationalization of RMB is also reflected in the establishment of China International Payment and Settlement System (CIPS), which is an important step for China's financial system to be more open and managed.

The internationalization of RMB has a far-reaching impact on China. Promoting the internationalization of RMB is not only conducive to stabilizing the currency exchange rate and reducing the pressure on foreign exchange reserves, but also supports the implementation of the "going out" strategy. The internationalization of RMB can promote the facilitation of international trade and investment and provide more convenience for China enterprises to expand overseas markets; At the same time, it also provides more channels and ways for overseas funds to invest in China market. The internationalization trend of RMB will further deepen the interconnection between China and the global economy, and help to enhance China's influence and position in the global economy.