Current Situation Analysis And Countermeasures Research Of Cross Border Trade RMB Settlement

2010, China’s gross domestic product ranked second in the world, the stock of foreign exchange reserves since 2006, its 5 consecutive years ranked first in the world, in 2009 and 2010 for two consecutive years, China’s total exports ranked first in the world. With economic development and comprehensive strength, coupled with the relevant departments of our country to take measures to ensure the stability of the value of the currency, these factors make the RMB acceptance to improve, its scope of use continues to expand, and access to the surrounding countries and regions of the people’s trust, which also means that the RMB has been successfully across the country. At present, in general, the RMB has been rooted in the surrounding countries, however, the circulation of the settlement process is still need to optimize, the current transaction process mainly in cash, while in the channel is in the form of private circulation, did not play the role of financial institutions. China’s financial markets and financial system openness, limiting the free convertibility of the RMB and cross border circulation is one of the main reasons, offshore RMB unable to successfully return to the domestic market to realize the value of; RMB exchange rate has not been fully market-oriented, increasing domestic and foreign enterprises and individuals to hold the renminbi exchange rate risk and, in many ways still exist some problems. This paper studies the current situation, characteristics, patterns and influencing factors of RMB settlement of cross-border trade in China, analyzes the difficulties and problems in cross-border trade settlement, and puts forward policy recommendations to promote the RMB settlement of cross-border trade, including issues and strategies are carried out respectively from the macro and micro level two. On the basis of the above analysis, the paper focuses on the development of cross-border RMB business and specific development strategies of commercial banks, including the analysis and research of cross-border RMB business positioning and product innovation, and the emphasis on the risk management, the purpose is to provide theoretical and practical support for commercial banks to expand the business.