The Status Quo Of Cross-border Trade Settlement In Rmb And Problem Analysis

In 2008,The U.S. sub-prime mortgage crisis aroused a global financial crisis, the crisis highlighted the existing deficiencies within the international monetary system, e the uninstability of exchange rate of dollar, euro and other major international currencies broght greater risk to all trade parties .To reducce dollar dependence and the impact on economic of exchange rate risk, measures must be taken..The RMB has been the currency in circulation in the surrounding areas to some extent, and t good conditions for international settlement. In this double background, China presented cross-border trade accounts of RMBThis paper analyses the status of Cross-border trade RMB settlement from Four aspects, scale of settlement , international cooperation, institutional participation and back channel ; the deep reasons of the existing RMB settlement of the outflow and inflow of RMB problems . In the study of Yunnan Province,we take the border trade as a starting point, analyze the status of RMB circulation ,the settlement form, and existing problems in the border areas. Finally,we make judgement of positive and negative effects the RMB settlement of cross-border trade made in Yunnan and propose policy recommendations. The following conclusions can be drawn: the RMB cross-border trade scale will be further expanded but still it needs time for been widely accepted, the lack of convertibility of RMB and capital market regulation are the biggest obstacles to cross-border renminbi, it needs to further deepen and open domestic financial markets.The dada this article used is mainly from"the 2010 international financial market report ", "the 2010 international payments report", People's Bank of China and the State Administration of Foreign Exchange, Yunnan Provincial Department of Commerce website,"The RMB Trade Settlements pilot– Time for Yunnan and RMB internationalization ", as well as financial news. The research methods in this paper, are literature research, quantitative analysis and qualitative analysis.Exploring and researching the patterns and problem of RMB ,advancing RMB cross-border settlement in Yunnan Province, has important implication to promote economic development , to improve the region's role as a financial center, and to provide valuable experience.to the RMB regionalization and internationalization..