3 policies for Internationalization of RMB. major player in international trade and finance...

11
3 policies for 3 policies for Internationalization of RMB Internationalization of RMB

Transcript of 3 policies for Internationalization of RMB. major player in international trade and finance...

Page 1: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

3 policies for Internationalization of RMB3 policies for Internationalization of RMB

Page 2: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

China

Page 3: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

Background

Page 4: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

Internationalization of RMB

For transaction with non-resident

Page 5: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

1st policy

Page 6: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

2nd policy

Page 7: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.
Page 8: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

3rd policy

Page 9: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

The China-ASEAN Free Trade 1) increase the two-way trade

2) further use of the RMB for trade settlements.

Page 10: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

RMB is not a convertible currency China controls capital flows The core of the Chinese financial market

is the underdeveloped state-owned banks

Market infrastructure & institutions are not comparable to those in HK and other world-class open financial markets

Shortcomings

Page 11: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the.

The End