Research On The Development Of Cross-border RMB Business Of NJCB

The economic development of a country's history to its currency history,which occupied in the world economy of a country's status can also from its currency in international trade plays the role to the side that.Since 2005 Chinese established based on market supply and demand,since the reference to a basket of currencies,single,managed floating exchange rate system,with the rapid development of China's major economies trade,investment,personnel exchanges,and the RMB as an international trade payment currency is just unfolding,no matter from the banks in response to the country the policy point of view or from their own business development must spare no effort to the development of cross-border RMB business,hope we can become a main channel to carry out cross-border RMB settlement.business.Since Chinese joined the world trade organization,Chinese occupies an increa.singly important position in international trade,China from July 1,2009 formally to carry out cross-border RMB settlement pi lot work,the territory of Shanghai from Guangdong extended to the end of the country,outside the end to the world from Hongkong,cross-border RMB has become one of the important tool of international settlement.The development of cross-border RMB cannot do without bank platform,and banks can also use cross-border RMB business to "go out",how to seize this opportunity,innovative products,improve the mechanism for the development of enterprises to provide better service to become commercial banks now face the common problem.For bank of Nanjing,cross-border renminbi business is still at an initial stage of development compared with the regular foreign exchange business,and new businesses tend to have larger development opportunities.In the future,along with the internationalization of the RMB,the trade,capital,bond,fund and derivative products under the RMB will gradually develop,and the Bank of Nanjing will have incomparable room for advancement in this area.At the same time,the Bank of Nanjing has a wide range of outlets.The Bank of Nanjing as a city commercial bank,and the province has a local distribution network is extremely wide,wide customer groups,a long history of cooperation,the foundation of a solid,stable customer group is the great advantage of the development of cross-border rmb.This paper adopts a method of combining qualitative and standard analysis,take the words and analyze the way on the Nanjing bank to carry out the main existing problems and risks in cross-border RMB transactions,estimates research,prospects for development.of the process of growth,development and reference data to the statistical performance of cross-border RMB transactions at the same time,the organic combination of two,that the relevant research results.At the same time,a combination of comprehensive analysis and key analysis methods is adopted.This paper summarizes thedevelopment process of cross-border RMB trading in China's commercial banks,and summarizes the cross-border RMB trading,focusing on the current situation and shortcomings of cross-border RMB trading in Nanjing bankThe context of this article is as follows:The first part is the introduction,introduces the cross-border RMB business of the Bank of Nanjing the study background and significance,contents,methods and framework;the second part.is the summary of the theory,including domestic and foreign theories;the third part is the analysis of the current situation of the development of cross-border RMB business of the Bank of Nanjing;the fourth part through SWOT analysis from the enterprise's internal condition established revealed the Bank of Nanjing cross-border RMB business development advantages,disadvantages,opportunities and threats.The fifth part through the analysis of PEST Bank of Nanjing cross-border RMB business development of politics and economy,society,technology factors revealed from the analysis of the macroeconomic environment;the sixth part explores the countermeasures to solve the problems,put forward the development of cross-border RMB Bank of Nanjing's constructive suggestions;the seventh part is the conclusion and Prospect of this paper.To sum up,this article is based on the in-depth analysis of the cross-border RMB business development of Nanjing bank,aiming to provide reference for the development of this business.