Limiting Factors and Measures for RMB Cross-Border Trade Settlement

Rui HUANG

Abstract


If the simultaneous development of cross-border trade and offshore market expanses radically, it will bring about opposite effects. We need to dialectically view the various influences brought by the development of cross-border RMB trade settlement and RMB internationalization. We need to start from the crux of our own shortcomings to improve the economic and financial system construction. We should seize the current favorable time, take advantage of the economic restructuring period of domestic market, the adjustment time of international offshore financial center, the period that international markets are seeking for haven currency and other historical opportunities to promote RMB internationalization by building RMB offshore markets.

Keywords


RMB; Cross-border trade; Settlement

Full Text:

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References


Chen, Y. (2010). The benefit-cost analysis of RMB Cross-border trade settlement. Hainan Finance, (9).

Fan, F. Z., & Han, J. (2012). Chinese capital control and cross-border trade settlement: Problems and solutions. Journal of Central University of Finance and Economics, (9).

He, F., Zhang, B., Zhang, M., Xu, Q. Y., & Zheng, L. S. (2011). The status, prospects, problems and risks of Hong Kong offshore RMB financial market. International Economic Review, (3).

Liu, Q. (2010). The enlightenment of international trade settlement currency choice theory on RMB cross-border settlement. Economic Forum, (1).

Wang, G. M. (2014). The impacts of cross-border trade settlement in RMB to China’s trade. Jilin Financial Research, (10).




DOI: http://dx.doi.org/10.3968/%25x

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