This is of strategic significance to the internationalization of RMB. The entry of RMB into SDR marks the international community's affirmation of China's economic development, reform and opening up, especially the achievements of RMB internationalization. Further improve the recognition of RMB in the international community and increase the confidence of the international community in RMB-denominated assets. When SDR becomes the main asset of the international financial market, RMB will also become one of the main currencies of the international financial market. Judging from the function of internationalization of sovereign currency, the function of RMB as settlement currency and investment and financing currency has been gradually realized, and joining SDR means stepping onto the stage of reserve currency. The inclusion of RMB in the SDR basket will make the currency basket more diversified and more representative of the world's major currencies, thus helping to improve the stability of SDR and its attractiveness as a reserve asset.

It helps to promote the reform of the international money market system. The entry of RMB into SDR is a landmark event in the reform of the international monetary system. Renminbi is the first SDR currency to join in the post-Bretton Woods era, the first SDR currency from a developing country, and the first SDR currency to join according to the freely usable standard. The entry of RMB into the basket has enhanced the voice of emerging market countries in the international financial field, and also helped SDR become a super-sovereign reserve currency. This will change the pattern of monopolizing the international monetary and financial fields in the United States and Europe, and promote the development of the international monetary and financial system in a fair, just, inclusive and orderly direction. RMB joining SDR is a win-win situation for China, IMF and the global financial system. This is a new starting point for continuing to improve the international financial and monetary system. On 20 15, 12, 18, the us congress passed the IMF's 20 10 quota and governance reform plan, which means that the last obstacle that has hindered the reform for a long time has been removed, indicating that the plan will take effect soon. China's voting right in the IMF will be increased from 3.8% to 6%, which will enhance the representation and voice of emerging markets and developing countries in the IMF.