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3. IMF reform and internationalization of RMB

The Industrial and Commercial Bank of China (ICBC) opens its Seattle office on Sept. 21, 2015. It is the first bank from China's mainland to have established a presence in northwestern America. (Source: People's Daily)

The United States commits to implement the 2010 IMF quota and governance reforms as soon as possible and reaffirms that the distribution of quotas should continue to shift toward dynamic emerging markets and developing countries.

The United States reiterates its support for the inclusion of the RMB in the SDR basket provided the currency meets the IMF's existing criteria in its SDR review.

China and the United States look forward to continuing to discuss mechanisms to facilitate Renminbi trading and clearing in the United States.