A team from the International Monetary Fund has arrived in Beijing to assess whether the yuan should be included in the Special Drawing Rights basket, according to a statement from the Washington-based organization.

Data collection and analysis for this year's review of the SDR basket has started, and the IMF team will discuss technical issues with Chinese officials, according to the statement.

IMF Deputy Managing Director Zhu Min said earlier that the preliminary results for the technical discussion will be released as early as July.