A Study On The Development Of RMB Offshore Market In Its Internationalization

In the recent past, rising along with China’s rapid economic development and overall national strength, RMB began to emerge in the International Monetary stage. In this context, China has established a long-term strategy for the internationalization of the RMB. From a practical point of view, however, the internationalization of the RMB is still facing some problems of our own development, which includes capital projects not yet fully open, the RMB exchange rate formation mechanism in need of reform, domestic interest rates are not market-oriented. As a result, the development of the offshore RMB market is to promote RMB internationalization strategy and help to solve the above problem, the ideal solution. First summarized the research for the internationalization of the RMB offshore market building, and detailed analysis to explain the meaning and characteristics of offshore financial markets, analyze its operating mechanism, and the need for construction of the offshore RMB market expand interpretation. Went on the internationalization of the RMB and RMB offshore market construction status quo and currently experiencing problems. Then compare the development of the world’s major offshore markets experience, come to the revelation of the RMB offshore market for China’s development. Finally, the construction of the offshore RMB market several policy recommendations.