Research On Financial Support Of Cross-border Economic Cooperation Zone In China

From the strategy of opening up the border areas to the construction of new open economic system and then from the strategy of "Silk Road Economic Belt" to "One Belt and One Road", cross-border economic cooperation has been a very important development measure of our country under the background of "new normal" since our 18th Party Congress. In the process, both of cross-border project cooperation and cross-border industrial cooperation need huge capital injection. The financial support for cross-border economic cooperation areas has been a key proposition of great importance.In December of 2013, Commerce Department put forward to enlarging the inland opening-up, boosting the construction of "One belt and One Road" and setting up border economic cooperation zone and cross-border economic cooperation zone in some border areas whose conditions are mature."One belt and One Road" is our country launched the biggest cross-border economic cooperation, and finance as the core of modern economy development, in the process of cross-border economic cooperation zone construction and development, will play an important role, financial services, will promote regional financial resources optimization configuration, more conducive to cross-border corporate financial investment and the completion of this project. To this end, China’s initiative in October 2013 the preparation of the Asian Infrastructure Investment (hereinafter referred to as "the investment bank"), for the construction of infrastructure in developing countries to provide financial support, after years of planning, in October of 2014 the investment Banks formally established in Beijing. As of early April 2015, the founding member of the investment Banks has been increased to 57 countries and regions. The investment bank official "way" of the cross-border economic cooperation of the most powerful financial support platform. For this reason, the need to constantly innovative financial support forms, tools, and service, need to constantly improve relevant policies.At present, our country is making an effort to promote financial reform and paying more attention to the financial reform in border areas. In 2013, our country issued "the overall plan of constructing border financial comprehensive reform pilot area in Yunnan and Guangxi Zhuang Autonomous Region", which aims to built financial reform testing area in Yunnan and Guangxi, strengthen the policy support for border financial comprehensive reform pilot areas, enhance the innovation level of cross-border RMB business, deeply promote the infrastructure of cross-border finance, support cross-border financial cooperation and improve the opening level of border economy. To support the strategy of Silk Road Economic Belt", xi jinping, general secretary of the proposed established good Asian infrastructure investment bank, innovative thinking and the silk road fund, and some countries launched cooperation to establish the Asian infrastructure investment bank, to financially suppoit "One Belt and One Road" all the way along the national infrastructure construction. To take this strategic opportunity, in shaanxi province put forward vigorously foster the financial industry, to build xi’an regional financial center of strategic target, and puts forward the sco development bank, In the field of economic and trade cooperation between China and Russia, is also actively promote financial cooperation, in addition to the traditional financial support for trade settlement, bilateral investment and financial cooperation in the financial markets, more efforts in the exploration, implemented a series of new ways of cooperation, such as its bilateral currency swap, bilateral currency traded directly, and actively encourage into the other side of the capital market to invest or interbank market, encouraging central bank with the other monetary management of its foreign exchange reserves, and investment on the other side of the market. In general, in recent years, China’s financial support for cross-border economic cooperation has made certain progress, accumulated much experience. But relative to the cross-border economic cooperation zone development trend and its financial support requirements, we must realize soberly, it has not yet form a unified or effective financial support system for cross-border financial cooperation, which needs to improve financial service system in cross-border financial cooperation zone, let financial resources plays an important role,improving the supporting level of finance, achieve wider and higher cross-border financial cooperation and promote the construction and development of cross-border economic cooperation zone.Based on regional financial cooperation and the financial support representative theory on the basis of combing, from the perspective of financial support requirements for cross-border economic cooperation zone, will huoerguos cross-border economic cooperation zones in xinjiang,Dongxing,and Qingdao area as an example, analyzes its cross-border economic cooperation in the financial support of the status quo of our country and neighboring countries are obtained in the process of cross-border economic cooperation zone construction faced cross-border economic cooperation zone financial support in the macro micro level. Reference to the eu area is relatively mature financial support system, combining the actual situation of our financial support for cross-border economic cooperation zone, respectively from strengthen regional financial exchanges between governments, advancing the policy support; Speed up and improve the financial infrastructure construction; Broadening the channels for cross-border economic cooperation zone financial support; Innovation and improve the RMB settlement business and improve the local financial management system, put forward the policy suggestion to establish risk prevention mechanism. To promote cross-border economic cooperation zone financial support level, leading to the construction and development of cross-border economic cooperation zone.