Analysis Of Factors Affecting The Settlement Of Cross-border Trade In RMB

As the originator of the process of internationalization of the RMB,RMB settlement in cross-border trade has developed rapidly since the pilot of RMB settlement in cross-border trade was launched in 2009.The total transaction surged to 5.32 trillion Yuan in 2016 from less than 3.6 billion in 2009.The development of RMB settlement in cross-border trade is significant for reducing exchange rate risk,improving trade and investment environment and enhancing the national economic strength and so on.The launch of the Belt and Road provides a precious opportunity for RMB settlement in cross-border trade.Inevitably,there are some problems and challenges in the course of business development.Against such background,this thesis researches RMB settlement in cross-border trade in the current situation at home and abroad,as well as the main influencing factors of it,in order to developingRMB settlement,and achieve the goal of internationalization of RMB.Firstly,the thesis analyzes the external environment and hardware conditions of RMB settlement in cross-border trade,and then classifies the factors influencing of RMB settlement in cross-border trade.Then,aftertheoretical analysis there is the empirical research for the influencing factors of RMB settlement.This paper selects the data from 2010 to 2016,with principle components analysis approach.Finally,thesis provides practical and effective strategies.