Abstract: Based on the exploration of state capital structure,supply hierarchy structure and property right relationship of monetary, this paper designs a theoretical framework for study of currency equity, which is to define currency equity and analyze its structure.By using this theory, we explores the three groups of relationships between currency equity and economic growth, exchange rate and foreign exchange reserve, and inflation. Moreover, we also deeply reveals the mechanism of currency equity among RMB internationalization.On this basis, we further elaborates the new strategy, new path and new method for promoting RMB internationalization with the new thinking of currency equity.

Key words: currency equity, RMB internationalization, state capital structure