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Development of the International Monetary Fund in China
China is one of the founding members of the International Monetary Fund. After the birth of New China, China's seat has been occupied by Taiwan Province provincial authorities for a long time. 1950, Zhou Enlai, Prime Minister and Foreign Minister of the State Council, sent a telegram to the International Monetary Fund, solemnly declaring that People's Republic of China (PRC) is the sole legitimate government representing China and demanding the restoration of China's legitimate seat in the International Monetary Fund. However, due to the constraints of the international political environment, China's representation in the IMF has not been resolved for a long time. 197 1 10 In June, the 26th UN General Assembly adopted a resolution to restore People's Republic of China (PRC)'s lawful seat in the UN, which created conditions for China to restore its seat in the specialized agencies under the UN sequence. From 65438 to 0978, the resolution of the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China on reform and opening up created a favorable internal environment for China to join international financial organizations. From 1979 to 1, the external conditions for China and the United States to establish diplomatic relations and join international financial organizations are finally ripe.

1in March, 980, the IMF sent a delegation to China to negotiate with us; On April 17, China, the representative of the IMF Executive Board, passed the People's Republic of China (PRC) resolution to restore People's Republic of China (PRC)'s legal seat in the IMF. In September, the IMF passed a resolution to increase China's share from 550 million SDR to 654.38+02 billion SDR; 165438+ 10 In June, with the IMF's general capital increase, China's share further increased to1800 million SDR. On February 5th, 20001year, China's share increased to 6,369.2 million special drawing rights, accounting for 2.98% of the total share, ranking eighth, and its voting rights also increased to 2.95%. As a result, China gained the status of a separate constituency in the IMF, and thus had the right to elect its own executive director. After the IMF reform in 2008, China's share increased to 8090 1 100 million SDR, second only to the five major shareholder countries of the United States, Japan, Germany, Britain and France, and its voting rights rose to 3.65%.

201410/kloc-0-12, the annual meetings of the international monetary fund and the world bank were held in Washington, USA. Zhou Xiaochuan, Governor of the People's Bank of China, led a delegation of the China Government to attend the 30th Ministerial Meeting of the International Monetary and Financial Committee (IMFC) and delivered a speech on the economic situation in China.

On 20151kloc-0/,China began to declare its foreign exchange reserves to the international monetary fund for the first time, which was a milestone in China's disclosure of an important economic data.

2015165438+1On October 30th, the Executive Board of the International Monetary Fund (IMF) approved RMB to join the Special Drawing Rights (SDR) currency basket, and the new currency basket will take effect on October 30th.

20 15 12 19 the us congress passed the appropriation bill for fiscal year 20 16 on 18, which also announced that the IMF share reform, which had been delayed for five years, was finally completed. IMF Managing Director Lagarde welcomed through a statement that China will become the third largest member of the IMF, after the United States and Japan.

20 16 161On October 27th, the International Monetary Fund (IMF) announced that its IMF 20 10 share and governance reform plan came into effect, which meant that China officially became the third largest shareholder of the IMF. The IMF said in a statement that the IMF's "Board Reform Amendment" came into effect on June 5438+1October 26, which is part of the IMF's promotion of share and governance reform. According to the plan, about 6% of the share will be transferred to dynamic emerging markets and developing countries, and China's share will rise from 3.996% to 6.394%, ranking sixth and third, only behind the United States and Japan.

1On October 27th, the International Monetary Fund (IMF) announced that its IMF 20 10 share and governance reform plan came into effect, which meant that China officially became the third largest shareholder of the IMF. The IMF's "Board Reform Amendment" came into effect on June 26th, 65438, which is part of the IMF's share and governance reform. According to the plan, about 6% of the share will be transferred to dynamic emerging markets and developing countries, and China's share will rise from 3.996% to 6.394%, ranking sixth and third, only behind the United States and Japan. Four emerging economies, China, Brazil, India and Russia, rank among the top ten shareholders of the IMF.

On March 4th, 20 16, the International Monetary Fund (IMF) announced that starting from March 4th, 20 16, 10, 1 year, the IMF will list RMB separately in its official quarterly survey of currency composition of foreign exchange reserves (COFER) to reflect the holdings of RMB-denominated reserves of IMF members. In fact, 65438+1 October1is also the date when the latest SDR (Special Drawing Rights) basket comes into effect. By then, RMB will become one of the five major currencies of SDR, and this change will be reflected in the COFER survey in the fourth quarter of 20 17.