There has been a push by China recently to have its currency become one of the currencies that the International Monetary Fund (IMF) stores as a lending reserve. This is a big move for China, as it is a bid to help it become an even larger economic power in the world. The IMF is an international organization that countries can request funds from to help finance different projects that they may have.
If China is successful, and the IMF takes in their currency as one of their currencies, the value of the currency will likely increase significantly. This means that all of the money that China, and the Chinese people, currently have gets more valuable, meaning China just got a lot richer and has more leverage with their currency. It will be interesting to see what happens and how it affects China and the countries that it deals with.