Internationalization Of RMB And The Development Of Overseas Business Of Chinese Commercial Banks

In recent years,the speed of China’s economic development is surprising,which is inseparable from the degree of opening up to gradually increase the promotion.The liberalization of the market will inevitably lead to a comprehensive round of the international stage of the currency,the renminbi also began in our surrounding areas more liberalized circulation,its trading medium,payment means and storage media,the basic functions of a wider area of application and recognition,which also Marking the RMB towards the internationalization of the road more and more forward.RMB to the international stage is an irreversible trend,we see the internationalization of the RMB on China’s political status,economic strength,financial system,foreign exchange market and other aspects of the impact,we should focus on the impact of the financial system analysis.The internationalization of the renminbi means that it becomes an international currency,and it is so important that the RMB is in the process of issuing,regulating and supporting the banks and financial institutions to support and operate.The purpose of this paper is to analyze the internal causes of the overseas business of China’s commercial banks and the process of internationalization of RMB after the internationalization of RMB,and then,on the background of the Bank’s overseas business development,To sort out the Bank of China overseas business expansion process,its future development of practical recommendations.This article in the content,the first part of the internationalization of the RMB international analysis of the status quo,including the internationalization of the RMB status,theory,process and measure,because the RMB internationalization is a process until this year,the RMB joined SDR to mark our currency as The international currency has been recognized by the world,and the whole process is long and difficult.Then the second part of the process of internationalization of RMB and commercial banking overseas business development of the entire process of interaction to explain,both for the interactive process,must include both positive and negative mutual promotion.The positive impact is from the process of internationalization of RMB,the business needs of overseas business development of commercial banks and policy requirements continue to increase,to promote the commercial banks in the scale,business,business strategy,etc.should make the appropriate adjustments.The impact of the reverse is mainly on the growth of cross-border renminbi settlement of commercial banks,gradually turning the renminbi from regional to offshore and eventually to internationalization.This is recognized by the international community and among the reasons for the SDR is not only the overall strength of the increase,but can not be ignored is the commercial banks in the micro-level to expand the RMB trade in the exchange of convenience and recognition.In the next part of the third,the introduction of this case is the highest degree of internationalization of Chinese-funded commercial banks-Bank of China.After confirming the process of establishing the Bank of China,the progress of internationalization and the business performance of the employees,the second part of the theory combined with the development of the Bank of China in the development of specific examples of the analysis,objective qualitative analysis of the RMB Internationalization and the Interactive Development of Bank of China Overseas Business Development.Finally,the last part of this paper is a practical proposal for the future development of the case.Bank of China,as the earliest and most advanced state-owned commercial bank in China’s internationalization,has a huge market share at this stage.Because the scale of development into a system in the fierce competition to always maintain the leading position has become more difficult,this article finally on the Bank of China this specific case of enterprises to develop their own development proposals and strategies are very practical part of the content.The method of writing in this paper is to bring the concrete case after combing the theory and to carry out the qualitative analysis through the summary of the relevant economic data.The results of this paper are mainly for the specific case of enterprises,that is,the future development of the Bank of China to make recommendations,by summing up the RMB internationalization of the large macro background under the influence of the experience,in order to better prospects for the future,so this article is Has a practical significance of the article,on a practical business strategy,not only for the industry with reference,but also reflects the micro-enterprises on theoverall macroeconomic situation have a certain influence.The topic of this article is a hot concept in recent years,although the research results are numerous,but this paper still has its own innovative point of existence,this paper has a more theoretical introduction of the specific case of support,the biggest innovation lies in this article Stressed that the RMB internationalization and commercial banking overseas business expansion is an interactive process,not a one-way impact.In general,this article is a theoretical basis of the case analysis,from the macro,the implementation of specific enterprises to the specific business growth and development,the conclusion has a practical operation and guiding significance.