Research Of Impact On ZBLT Corporation Of RMB Cross-Border Settlement Under RMB Internationalization

Since the implementation of the first round of exchange rate reform in China in July,2005, RMB has launched it’s internationalization.With the increasingly deepening of economic globalization, China’s foreign trade levels continue to improve.As one of the troika of economic growth, export drives the economy development more effectively. Moreover, China’s enterprises participate in the areas of the capital projects, such as multinational company, foreign direct investment, foreign loan, use of foreign loan, and foreign guarantees. Especially, since the Implementation of cross-border yuan trade settlement in 2009, the RMB has played the role of an international settlement currency,and provided a channel for China’s enterprises to participate in the international economy activities more deeply, avoiding exchange rate risk. As the ZBLT corporation has developed it’s international trade recent years, it’s important to realize the impact of the internationalization of the renminbi and cross-border RMB settlement on the development of the company, formulate long-term development.This essay is devoted to analyze the impact on ZBLT corporation of the Cross-border RMB settlement.On the basis of collecting documents and theories, the essay analyzes the company’s international business data deeply, using the method of the case analysis and SWOT analysis.After analyzing the beneficial impact and the adverse impact of cross-border RMB settlement on the company from several angles such as macro level, accounting and business level,the essay proposes many advice for the ZBLT company. Through the implementation of the strategy of upgrading, the strategy of risk prevention, the strategy of globalization and the strategy of funds centralized operation as multinational company,the ZBLT corporation will promote it’s international competitiveness and strengthen the brand construction. As well, the ZBLT corporation can expand the scale of RMB as striving for the pricing power in the international trade,and finally,it will realize the profit maximization on the stage of international trade and investment.At present,the RMB has gotten a place as international reserve currency and settlement currency,as being allowed to join the SDR basket.In addition,with the deepening of the reform of foreign exchange management domain and the acceleration of capital account convertibility, RMB will expand it’s applying in the field of foreign investment, external guarantees, external debt and foreign lending, the securities, and other areas of the capital account. To adapting to this international background, the essay can be called innovative with it’s multi-angle analysis of the international business of the ZBLT company and the impact of cross-border RMB settlement, and it’s important to guide the ZBLT corporation to make the right strategic decisions.