The “Report on RMB Internationalization 2023: Broadening and Deepening Economic and Trade Cooperation” is the 12th annual report from the research team at Renmin University of China. Starting from the market confidence and trust sources of sovereign credit currency, based on literature review, comparative studies, and empirical research, this report systematically elaborates on the significance and operational mechanism of building a comprehensive global economic and trade cooperation network for high-quality development and RMB internationalization, following a general-to-specific analytical approach. Focusing on three different international cooperation agreements, the Regional Comprehensive Economic Partnership (RCEP), the China-EU Comprehensive Agreement on Investment (CAI), and the Digital Economic Partnership Agreement (DEPA), the report discusses the opportunities and challenges created by those agreements for RMB internationalization. The report emphasizes that as international currency competition has entered a strategic stalemate stage, RMB internationalization needs to maintain strategic stability and adhere to an orderly progress. Internally, RMB internationalization should accumulate strength and address weaknesses promptly. Externally, RMB internationalization should engage in extensive cooperation and prioritize risk prevention. The convenience and security of RMB international use should be continuously improved and application scenarios should be further expanded to create conditions for the formation of a RMB currency area.