SPECIAL CASE

摘要

China has been calling for the greater use of Special Drawing Rights as a way to challenge the hegemony of the US dollar, and officials are determined to introduce a functioning SDR bond market under its presidency of the G20 this year. Zhu Jun, director general of the international department at the People's Bank of China said at the G20 meeting in Chengdu in late July that the first SDR bond from an international organisation would be issued in the PRC's interbank bond market as early as the end of August, mainland media group Caixin reported.