ABSTRACT
Financial integration is one of the highlights and an important underpinning for implementing the Belt and Road Initiative. The Belt and Road Initiative first recognises the fundamental role of interconnection and it's pushing effect on the economic growth of developing economies, and takes economic corridors and facilities connectivity, including transportation, communications and electricity, as the priority areas of development. Renminbi globalisation, especially a currency swap network among Belt and Road countries, could give full play to the advantages of each country’s domestic currency, reduce the intermediate links of financial services and cut down the cost of currency exchange during business operation. Expanding the scale and scope of currency swaps between China and the Belt and Road countries will also mobilise, to the greatest extent, each participating country to use their funds and capital to resist financial risks and maintain financial stability.
