Legal Issues In The Process Of RMB Internationalization

With the deepening of China’s overall national strength and the degree of participation in the world economy, Internationalization of the RMB is increasingly becoming a debate into community. If China wants to occupy a place in the competition in the global financial resources, it is necessary to join the race of the international currency. But in the process of internationalization of the RMB, the development of offshore RMB financial products will face a series of legal and institutional issues. Hong Kong has been the liberalization of the market of choice for offshore RMB business policy. Convenient and frequent contact of Hong Kong and the Mainland to the edge, economic and trade, promote Hong Kong as the main offshore RMB market. Therefore, It is necessary to explore the process of internationalization of the RMB of Hong Kong’s RMB financial products market development and legal issues related to.This article is in this context, as the center to the construction of Hong Kong’s RMB financial products market system. First introduced the countries(or regions) to promote the development of offshore RMB market, and in order to promote the process of internationalization of the RMB, China has signed currency swap agreements with other countries(or regions), Cross-border RMB financial services center has been established. Secondly, introduced China issued legal normative documents related to the internationalization of the RMB in recent years. Part III, Introduced the legal issues in the RMB qualified foreign institutional investors(RQFII)system in the development and construction. Part IV, Introduced the system construction of China’s offshore RMB bond, including issue listing of offshore RMB bonds and non-listed offshore RMB bond. Part V, Introduced the legal issues in China’s offshore RMB stock system construction. Part VI, Introduced the legal issues in China’s RMB REITS and RMB futures system construction.By theoretical analysis of the development of the process of internationalization of the RMB, RMB financial products in Hong Kong market, find out the development of the offshore RMB financial products problems, preliminary combing, recommendations for the future development of offshore financial products market.