Econ 2130 Money and Banking
11
3 policies for 3 policies for Internationalization of RMB Internationalization of RMB
-
Upload
orlando-wolf -
Category
Documents
-
view
29 -
download
1
description
Econ 2130 Money and Banking. 3 policies for Internationalization of RMB. China. Background. Internationalization of RMB. For transaction with non-resident. 1 st policy. 2 nd policy. 3 rd policy. - PowerPoint PPT Presentation
Transcript of Econ 2130 Money and Banking
3 policies for Internationalization of RMB3 policies for Internationalization of RMB
China
Background
Internationalization of RMB
For transaction with non-resident
1st policy
2nd policy
3rd policy
The China-ASEAN Free Trade 1) increase the two-way trade
2) further use of the RMB for trade settlements.
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
The End