By 2015, the yuan may become the third reserve currency. The HSBC analysts concluded that in a year the Chinese yuan, or renminbi, may drive towards one of the top international reserve currencies after they assessed the steps rolled out by China to boost the international use of the yuan. The experts believe that more than 50% of China’s and other EM countries’ foreign trade will be settled in yuan in a few years from now, which is more than $2 trillion. Looking ahead, it is possible to say that over 30% of the global external trade will account for the Chinese national currency. Keeping up the pace, in two-three years the yuan will become fully convertible. Besides, it will play a more significant role as an investment currency. The Chinese stock investment fund has made its first steps on the European market and in January it began trading on the London stock exchange. Under such circumstances, the market showed an imminent reaction with increased number of trade clearing institutions that accept the renminbi. At the Third Plenum of the Communist Party held in November 2013 the Chinese authorities outlined the purpose of the reforms – to prompt yuan convertibility. The testing area to try out yuan trading accounts and accounts in other foreign currencies will be the Shanghai stock exchange. Besides, the number of offshore yuan trading centers is surging: Hong Kong, Singapore, London, and Taiwan have joined the list. Germany is also expected to be among them. Moreover, on March 31, the Bank of England and People’s Bank of China signed an agreement on clearing banks for the yuan. Thus, international experts think that China will soon be among the top currency leaders on par with the USA and EU. However, the yuan will hardly be able to supersede the U.S. dollar as a reserve currency.