Shanghai has always been playing a leading role in the process of RMB internationalization due to its position as an international financial center featuring RMB financial asset trading and pricing. After years of development，Shanghai has relatively complete financial elements and financial infrastructure，and has had huge market scale，transaction scale，institutional scale，and talent scale. Shanghai’s breadth and depth of the financial market are constantly improving，and the richness of financial products and the degree of financial openness are among the best in the country. Shanghai has achieved fruitful results in capital market interconnection，the construction of an international oil and gas trading and pricing center，and the promotion of digital RMB application scenarios. Therefore，Shanghai has provided an important capital distribution hub for the cross-border circulation of RMB and a solid market support for the RMB internationalization.