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China's digital currency may gradually expand to be used in M1 and M2 in the future, which can help promote the internationalization of yuan, even as the current trials are limited to M0, Zhang Ming, deputy director of the Institute of Finance and Banking under the Chinese Academy of Social Sciences wrote in a blog post. China should also consider integrating the supply of domestic green financial products with yuan internationalization, as foreign institutional investors seeking ESG (Environmental, Social and Corporate Governance) investment may have a strong demand for green financial products in China, wrote Zhang.