The Impact Of RMB Internationalization On The Performance Of China's Commercial Banks

November 30,2015,the International Monetary Fund announced the RMB into the SDR currency basket,the new currency basket to determine the weight of 10.92%of the RMB,and in October 2016 to take effect.This is also following the 2009 pilot cross-border trade settlement business carried out after the RMB internationalization process is another major development.China's commercial banks are the carrier of RMB internationalization.Therefore,the internationalization of the RMB in the process of development,China's commercial banks will inevitably have a significant impact on performance.This paper analyzes the impact of RMB internationalization on the performance of China's commercial banks by combining theoretic analysis and empirical analysis.First of all,this article through the Renminbi as the international currency,international settlement currency,international investment currency,the international reserve currency four aspects of the internationalization of the development of the RMB,and the international currency of the main international currency comparison,In recent years,the internationalization of RMB has been rapid development,but compared with the major international currencies,the internationalization of the RMB is still very low,is still in the internationalization of the initial stage of development.Secondly,it discusses the specific impact of the internationalization of RMB on the performance of China's commercial banks from three aspects: profitability,risk and development ability.Through the analysis,it is found that the path and mechanism of RMB internationalization to the performance of China's commercial banks is very complex and has both beneficial and adverse effects on all aspects.At last,this paper makes regression analysis on the profitability,risk and development ability of 13 listed banks as a whole,5 state-owned banks and 8 shareholding joint-stock banks respectively.The regression results show that the internationalization of RMB to China's commercial banks Of the profitability is a negative effect.RMB internationalization of the increase in non-performing loan rate is a positive effect.The Internationalization of RMB Promotes the Rapid Development of Intermediary Business of China 's Commercial Banks.Finally,according to the theoretical analysis and empirical results,we put forward relevant policy recommendations.