Study On The Problems And Countermeasures Of JS Bank Of RMB Internationalization

With the further increase China growing economic power and the level of opening up,more and more scholars have pointed out that the China government should take activemeasures to promote the yuan as an international currency of the future, namely, theinternationalization of rmb. RMB internationalization meaning includes three aspects: first, isRMB cash outside to enjoy a certain degree of circulation; second, is the yuan denominatedfinancial products become the international major financial institutions including the centralbank investment tool, become a financial transaction currency and government internationalreserve currency; third, international trade in RMB the settlement of transactions to achieve acertain proportion, to become the main trade settlement currency.RMB internationalization of capital market to reduce the impact of foreign exchangereserves, promote the pull between economic development harmonious force, enhance China’sstatus in the international financial market will play an important role in.The process of RMB internationalization, there was not only favorable conditions, thereare also many restricting factors. RMB gradually to realize the regional and international, isChinese goals of economic and financial development, is China important national strategy.To adapt to the trend of RMB "internationalization" actively expand overseas business, istheir own business objective need of transformation, but also the commerc ial bank to helppush the embodiment of national strategic implementation. With the continuous developmentof the internationalization of the RMB, the domestic commercial banks are playing a moreand more important role in the process of internationalization of the RMB. Commercial banksto carry out the business from the foundation settlement business innovation, RMB tradefinancing, foreign institutions within the territory of China, the RMB account foreignguaranty business flourished, in facilitating the enterprises of our country for import andexport trade and international business at the same time, but also greatly promote the RMBinternationalization. However, the commercial banks to deal with the internationalization ofthe Yuan, China’s commercial banks have many opportunities, greater challenges are to usher in the aspects of asset liability management, risk management, system construction and talenttraining. This article attempts from the micro level of commercial banks, focusing on JS bankfrom the asset liability management, overseas layout, personnel training, product innovation,system construction, risk management and so on, various kinds of Countermeasures of RMBinternationalization, propose constructive.