Holding of renminbi by world's central banks rises

Central banks across the world increased their holdings of renminbi by 32.6 percent in the second quarter, despite the currency's depreciation against the greenback, according to the latest figures released by the International Monetary Fund.

Analysts said the steady increase signals a strong momentum in use of the renminbi abroad, or renminbi internationalization, and the ratio could further rise in the coming years.

"It is certain that yuan internationalization will continue in the long term, immune to short-term market fluctuations and economic headwinds," said Zhang Xingrong, managing director at the Bank of China's Institute of International Finance.