2025 Lujiazui Forum to open in the morning. Pan Gongsheng: In the future, we can increase the regular issuance of SDR and expand the issuance scale.

The Securities Times APP learned that the 2025 Lujiazui Forum opened this morning. At the opening ceremony, Pan Gongsheng, Governor of the People's Bank of China and Co-Chairman of the Forum, said in his keynote speech that the SDR has become the dominant international currency, facing the problem of lack of international consensus and driving force at the political level, and the current market size, depth, and liquidity are insufficient, limiting its effectiveness. Promoting the SDR to become the dominant international currency requires member countries to build consensus at the political level, which is not easy in the current international environment. Operationally, it is necessary to optimize the mechanism arrangement and gradually expand the use of SDR. In terms of distribution and issuance mechanisms, the IMF currently distributes SDR primarily for crisis response, often through large one-time issuances. In the future, regular issuance of SDR can be increased and the issuance scale expanded. In terms of usage, it is important to actively promote the participation of the private sector and various market entities, widely use SDR in international trade, investment and financing activities, issue bonds denominated in SDR, enhance the role of SDR as a reserve asset, and establish an SDR settlement mechanism that can adapt to large-scale usage.