A Study On Cross - Border RMB Settlement Business Of Chinese Commercial Banks

With the marketing of interest rate, the competition between commercial banks is more and more fierce. The cross-border RMB settlement business contributed a large percentage of off balance sheet activities in commercial banks. So in this background, we analyzed the cross-border RMB settlement business in commercial banks from history, chances and challenges and so on.The cross-border RMB settlement business can be concluded as new business varieties in commercial banking business. The business covers a wide range with complex business processes. Not only in relation to the normal development of international trade of our country, but also has the effect of the globalization of RMB. A thorough understanding of the new transaction chance and profit growth point is of great significance to nation, commercial banks and companies. This paper takes CITIC Bank development process for example, having a good summary of the cross-border RMB settlement business and products in CITIC Bank. From the successful cross-border RMB settlement business experience in CITIC Bank, we put forward the solutions of cross-border RMB settlement development in China.The first chapter is an introduction, through the existing research literature and the main view, it designs the paper’s research framework, defined its background and significance, while, also the research methods and purpose. What is more, we put forward the innovation and shortages of the paper.In the second chapter, we described the cross-border RMB settlement business history, concept, characteristics and current situation from the cross-border RMB settlement business. We explained the importance and necessities of carrying out the cross-border RMB settlement business.The third chapter described the chances of cross-border RMB settlement business. The business mainly increased the income of the intermediate business and strengthened the international competitive of commercial banks.The fourth chapter analyzed the problems and positive effects of cross-border RMB settlement business.In the fifth chapter, we analyzed the corresponding reasons of cross-border RMB settlement business to our commercial banks development with the reference of CITIC Bank and other commercial banks.In the last chapter, we summarized the conclusion and solutions for our commercial banks development.