Recently, the head of the Macro Prudential Management Bureau of the People's Bank of China stated that the global attractiveness of RMB assets has significantly increased. At present, foreign entities hold more than 10 trillion yuan of domestic RMB financial assets, and RMB bonds and stocks are included in the global mainstream asset trading index. The so-called RMB assets refer to assets priced, traded, and settled in RMB. Why have RMB assets been able to attract global fans in recent years? Behind this is the result of the continuous enhancement of China's comprehensive national strength, the deepening opening up of the financial market, and the profound evolution of the global landscape. From the current situation, China has solidly promoted high-quality development, with GDP (Gross Domestic Product) growing by 5.2% year-on-year in the first three quarters of this year, demonstrating strong resilience. However, at the same time, we are also in a critical stage of economic structural transformation, and the challenges brought by changes in the external environment cannot be ignored. In this context, the increasing attractiveness of RMB assets will have three profound impacts on China's economy. One is to introduce "incremental vitality" into the financial market and enhance market development vitality. The increasing attractiveness of RMB assets will attract more foreign investment into China's stock and bond markets, injecting valuable incremental funds into the market. This not only helps to further repair asset prices, but also enhances market liquidity, reduces transaction costs, and makes pricing mechanisms more effective. More importantly, regardless of whether they have a Chinese or foreign background, institutional investors who focus on long-term value usually prefer large cap blue chip stocks with solid fundamentals and transparent governance. The continuous entry of their funds can resonate with the regulatory driven growth of patient capital in recent years, promoting the continuous optimization of the investor structure in the A-share market and enhancing the internal stability of the market. Secondly, broaden the financing channels for enterprises and inject momentum into innovation. The popularity of RMB assets means that Chinese companies, especially high-quality ones, can access global capital within the country, further expanding their financing channels. A broader investor base often leads to more favorable pricing, thereby reducing corporate financing costs. The participation of institutional investors worldwide can make up for some shortcomings of indirect financing in supporting scientific and technological innovation, help activate the innovation vitality of the whole society, and inject financial momentum into Chinese path to modernization. Thirdly, enhance policy autonomy and elevate international financial discourse power. The increasing attractiveness of RMB assets is relatively conducive to reducing China's dependence on foreign exchange reserves; Correspondingly, the autonomy of monetary policy will also be further enhanced. When formulating policies, China's central bank can focus more on domestic economic cycles and development demands, rather than passively following the footsteps of overseas central banks. In addition, the increasing attractiveness of RMB assets means that more global indices will include Chinese assets, prompting global asset allocation to upgrade Chinese assets from "optional" to "standard". In line with the increase in asset weight, China's voice in financial rule making is expected to expand, and financial institutions will also participate more deeply in the operation of the global financial system. Of course, while seeing the positive impact, we should also be aware that the long-term charm of RMB assets ultimately remains rooted in the health and vitality of the real economy. This requires us to continue promoting economic structural transformation, expanding domestic demand, accelerating technological self-reliance and self-improvement, prudently resolving internal risks, and through deepening reform and opening up, creating a stable and predictable business environment, using solid economic fundamentals and continuously releasing reform dividends to build a solid foundation for the attractiveness of RMB assets. In summary, the exciting story of RMB assets going global has just begun to unfold. How it can write a magnificent chapter in finance depends on how we better seize opportunities, respond to challenges, and firmly embark on the path of high-quality development. This road is not entirely smooth, but it will come when done, and it will be achieved when done. (New Society)