In Hong Kong To Establish An Offshore Rmb Center Study

The basic concepts, history, background, significance, and necessity about the research of the establishment of RMB offshore center in Hong Kong are present in this paper; the structure arrangement, method and main points of this research are also present here.Then review the related research on offshore finance, systemize the related literature simply. The objective is to give a proper definition of offshore and appropriate context in this article in order to expand the content of subsequent chapters. The international offshore financial Center causes, evolution and current situation are also introduced.This article focuses on analysis to establish the feasibility of offshore financial center of Hong Kong and influence. The bank of Hong Kong conduct RMB business without Payment of the reserve, and the deposit rate which is decided by the operating bank is greatly different from the mainland bank deposit interest rate determinant. After several years of development, Hong Kong's RMB business has been largely developed. Analysis the Hong Kong's own financial system and the offshore RMB supply and demand, the establishment of offshore financial centers of Hong Kong are feasible. Offshore Center established in Hong Kong Will impact domestic financial markets in different points. For example the effectiveness of the RMB Interest rates and exchange rate, and further affect the money supply in China; on the other hand, it will help the RMB Internationalization and the development of China's financial system.China's actual conditions and international environment, have decided to take policy-driven development path on establish China Offshore financial centers in Hong Kong. Although the international market forces have contributed to the establishment of the offshore financial center, which can be interpreted as natural form type, under the premise that there is no opening up of capital in our country, Hong Kong Offshore Financial Centre is primarily an exploration and transition, it should sticks to the policy-driven model. According to China's financial development and economic organizations form in Hong Kong, the construction of offshore financial centers in Hong Kong, we must stick to the evolutionary approach. In order to avoid the negative affects form offshore industry Services, freely convertible of capital and currency is an essential policy in the development of a specific section.