China is working to make its currency, the RMB, more widely used internationally. They are doing this by signing agreements with other countries and building offshore RMB centers. This helps boost the RMB's status and reduces reliance on the US dollar. The study looks at how RMB is being used in Hong Kong, Singapore, and Taiwan, focusing on wealth management and mutual funds. Taiwan has seen rapid growth in RMB funds and needs to expand its usage channels. The researchers discuss the progress of RMB internationalization and the challenges and opportunities in the region.