The New Situation Of RMB Internationalization And The Research On The Response Strategies Of Financial Institutions

In the face of the rapid rise of Chinese on the world stage and the accelerated trend of economic globalization as well as financial liberalization,China has become a very important pole of the world economy and plays an indispensable role in the world financial sector.Accompanied by Chinese enterprises going out,the implementation of the strategy of "One Road and One Belt",the various aspects'increased strength of the domestic commercial Banks and the impact of financial crisis in 2008,China's commercial Banks actively promote the pace of internationalization and create the future blueprint of the international development through the international financial landscape's change.Therefore,the discussion and research on the development of Chinese commercial bank internationalization has important theoretical and realistic significance.The paper consists of 6 parts.Chapter one is the Preface Part:A brief description of the research background and significance,the research status at home and abroad,the research methods and inadequate about writing this paper.Chapter two:The comprehensive analysis on the environment,process and present situation of RMB's internationalization.Chapter three:The key part of the paper.On the basis of brief introduction of the CITIC BANK,the Wuhan Branch of CITIC BANK and its international business development,this paper analyzes the current situation of international business development.SWTO analysis is used to analyze the new situation of RMB'S internationalization impacting on the Wuhan Branch of CITIC BANK.And the paper puts forward CITIC BANK's coping strategy to respond the background of RMB'S internationalization.Also the paper combines CITIC BANK's feasible measures with financial institutions'overall development situation.The paper carries on the deep discussion about the RMB'S internationalization and Wuhan Branch of CITICBANK's internationalization.The last is the conclusion.This research paper finds that in the current situation China's commercial Banks'strategy of international development is bound with enterprises' strategy of 'going out ',the country's strategy of trade globalization and the strategy of RMB's internationalization and stimulate one another.Bank internationalization is the only way for China's deepening economic globalization.At present,the international development of China's commercial bank has made phased achievements and the strategic direction is clearer.But facing opportunities and challenges,the international development has a long way to go.