Empirical Analysis Of Rmb Regionalization In Southeast Asia

At present, the Renminbi internationalization question has caused the domestic and foreign decision-making strata and the domestic and foreign theorists high attention. Because China's economic potentiality strengthens, the Renminbi exchange rate unceasingly continues stably, as well as the Chinese government displays highly the sense of responsibility in the financial crisis in Asia, causes the Renminbi the international prestige to enhance greatly. The peripheral country and the local inhabitant approve and accept the Renminbi gradually to take the transaction currency and the international clearing method, causes the massive Renminbi to circulate in beyond the border. The Renminbi in the Southeast Asia area free circulation already receives "second US dollar" the treatment, some national and the local inhabitant also takes the Renminbi one Chu value method.Along with Chinese - Association of Southeast Asian Nations free trade frame agreement signing, establishes the free trading area's each preparatory work to start one after another, this has 17 hundred million consumers, 1.7 1,000,000,000,000 US dollar economic output and 1.23 1,000,000,000,000 US dollar trade total amount economic zones will lay the solid foundation for the region economy and the financial cooperation. The Chinese - Association of Southeast Asian Nations free trading area will also construct a better platform for the Renminbi regionalizing development, the Renminbi regionalizing into reality development necessity. Probably some 250 - 30,000,000,000 Renminbi already entered by domains and so on Yunnan primarily mainland finance, the Renminbi the peripheral condition already form beyond the border Yunnan, its multiplex structure and the huge fund class, caused the Renminbi hard currency status already gradually to establish beyond the border Yunnan. This is carrying on to my finance domain reform and the Renminbi internationalization is having the significance experiment.Beyond the border Yunnan the Renminbi regionalizing prominent characteristic and the superiority, are not merely in the Renminbi internationalization advancement important and an indispensable link west, simultaneously regarding is in the economical development, southwest opening to the outside world front Yunnan, has the extremely vital positive sense, affects greatly. Beyond the border Yunnan the Renminbi finance circle formation, its radiating surface has reached Southeast Asia, the South Asia two big economic cycles. Beyond the border Renminbi regionalizing the influence may from positively affect, the neutral influence, the negative influence to Yunnan performs to analyze and the elaboration regarding this. Yunnan Province by the Renminbi in the Southeast Asia regionalizing turning point, uses this fund source fully, the expansion reform and open policy achievement, causes the economic society to develop achieves a higher level.