Economists share views at Tsinghua PBCSF Chief Economists Forum

The anchor of the RMB should be established at an appropriate time, said Huang Qifan, former mayor of Chongqing.

Renminbi issuance is still partly anchored to the US dollar, but it's not a long-term solution for China's future international status and development needs, Huang said.

A country will have independent monetary policy and the benchmark of pricing of all domestic financial assets only if it has independent currency anchor, he added.