The advent of the key nodes of bond yields or "victory Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! October 1st, the RMB will be formally incorporated into the SDR. IMF in September 30th last year and into the decision based on a new basket of currencies and currency basket weights published from July 1st to September 30th three months between the exchange rate level, the new currency amount is calculated for each SDR currency basket, and the new amount of money in the next SDR review before 2021 remain unchanged, basket the currency weight with each currency rates. Prior to the release of the basket IMF currency weights in the share of 10.92% yuan, after the U.S. dollar of only $41.73%, the euro of 30.93%, higher than the yen and the pound of 8.33% and 8.09%. SDR is included in the RMB RMB internationalization is an important step on the road, according to the bank for International Settlements (BIS) released in September 1, 2016 three annual global foreign exchange market report, 2016 April, the global foreign exchange market daily trading volume of $5 trillion and 90 billion, down 5% compared to April 2013. Among them, the renminbi foreign exchange trading volume of $202 billion 20 million, an increase of 69% compared to 2013; the global proportion rose to 4%, the market share nearly doubled, currency ranking from ninth to eighth, however, the data also show that trading of RMB in the global foreign exchange market, the proportion is far lower than the dollar, euro, pound, yen, Swiss franc, Canadian and Australian dollar seven reserve currency trading volume. RMB in SDR accounted for the gap between the share and the foreign exchange market share showed IMF recognition and recognition of the market can not be mentioned in the same breath, truly realize the internationalization of RMB still need to do a lot of institutional construction work. First, the RMB into the SDR after a basket of currencies to follow the weight of each currency interest rate fluctuations, IMF uses a 3 month period of short-term Treasury yields as a benchmark. Although the Ministry of Finance in 2015 from the beginning of the week to issue a 3 month discount bonds, but as of now there are only a few hundred million yuan, the size of the short-term bond yields less than 3 months of market development of the lack of market size of. In order to avoid the risk of substantial fluctuations in the benchmark interest rate after the SDR, continue to improve the bond yield curve, deepening the interest rate market will be the most important institutional foundation. With the further improvement of the bond yield curve, the depth and breadth of the bond market will be expanded. Secondly, the RMB into the SDR or the central bank’s monetary policy has an important impact on the way. According to the paradox of three yuan, a country cannot simultaneously realize capital account opening free capital mobility and independence of monetary policy and exchange rate stability, and recently some scholars and officials of the central bank in the world, due to the effectiveness of capital control has decreased significantly, if the exchange rate is not flexible enough space, monetary policy is difficult to completely separate. The formation of the "paradox of two yuan". Whether it is "three yuan paradox" or "the paradox of the two yuan"相关的主题文章: