RMB Offshore Financial Centre Of Hong Kong And Influence To Inland Monetary Policy

The international status of RMB is improving constantly in recent years, the scale of RMB abroad becomes larger and larger because of trade, travel and consuming, etc. Its payment and settlement already become reality gradually outside the border. In the situation that capital and financial account transactions is controlled at present, external RMB follow normal route reflux Mainland difficultly, then setting up RMB Offshore Financial Centre of HK(Hong Kong) will aid to solve these problems. At the same time, the setting-up of RMB Offshore Financial Centre will influence the inland finance unavoidably, especially the monetary policy. So it is greatly significant to study the setting-up of RMB offshore financial centre of HK and influence to inland monetary policy. After comparing world offshore financial markets on models, functions, systems, etc., this paper make a theoretical analysis to the origin cause of formation of market. Hong Kong has advantages in offshore financial business, which make it have the certainty and feasibility of setting up RMB Offshore Financial Centre. Then the paper probes into the construction of RMB offshore financial centre. At end, the paper analyzes the center makes the influence to the execution result of the inland monetary policy, and proposes several advice.