Bank of China Securities: Under the global tariff storm, RMB internationalization can achieve overtaking on the inside track through digital finance.

Guan Tao, Chief Economist of Bank of China Securities, stated in his latest report that the current international credit foundation of the US dollar is shaking, and the internationalization of the renminbi is facing new opportunities. He believes that through financial innovation, China can overtake on the curve and explore the use of digital financial technology. Guan Tao suggested that taking advantage of the fluctuation of the renminbi exchange rate could further improve the market-based and managed floating exchange rate system, providing institutional guarantees for the expansion of capital account opening.