ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book utilizes a RMB Internationalization Index (RII) to reflect the actual international usage of RMB in an objective way so that people from all walks of life both at home and abroad can easily and timely catch up with RMB's international status as well as its process. Many scholars believe that in order to realize RMB internationalization, the goal of the next stage is to achieve regionalization and focus on Southeast Asia. The offshore market has several main characteristics including loose regulation and low cost in money transaction. The historical experience suggests that the offshore market makes a big difference in strengthening a currency's international status. International currencies are a kind of assets with strong network externality. The chapter concludes that the further development of offshore RMB markets will inevitably drive the control target of China's monetary policy.
