Study On The Legal Mechanism Of Regional Financial Cooperation Between China And Central Asia

Since ancient times,China has attached importance to the development of cooperation with neighboring countries,and financial cooperation has become an indispensable part of bilateral and multilateral cooperation.In this paper,the China-central Asia regional financial cooperation legal issues as the research object,the concrete research content is as follows: in this paper can be divided into four chapters,including the 3、4、5 sections for the main part,this paper is respectively legal mechanism between China and central Asia regional financial cooperation basis,current situation,existing problems,and perfecting suggestion.The second part of the article elaborates on the basic theory of regional financial cooperation between China and Central Asia.The basic connotation and characteristics of regional financial cooperation are briefly described,and then the related regional financial cooperation theories,such as the theory of regional financial center,the theory of optimal currency area and the combination of Finance and law,are introduced,which leads to the cause of the regional financial cooperation between China and Central Asia.Among them,the driving factors include the needs of the integration of regional economic development,the realistic need of the trend of the internationalization of RMB and the objective needs of the prevention of the financial crisis.The third,forth part mainly discusses the legal basis,current situation and existing problems of China Central Asia regional financial cooperation.The legal basis of cooperation between China and the main central Asian countries is mainly embodied in the level of national and substantive economic cooperation.On the basis of reference to the legal mechanism of international financial cooperation,the present situation of cooperation is to observe the process of building the legal mechanism of financial cooperation between China and Central Asian countries.Due to the practical problems that are influenced by political and social environment,there are also a series of problems in the field of integration between China and Central Asian countries.The legal mechanism of the currency circulation is not smooth,the legal mechanism of the RMB settlement business is lack,the legal mechanism is not perfect,such as the imperfect law of the financial service network platform and so on.The legal problems such as the unsound legal measures for the dispute settlement have all become a stumbling block to the further deepening of the financial cooperation between China and the Central Asian countries.The last part of the article puts forward the improvement of legal advice under the premise of implementing the basic principles of international law,which mainly follows the principle of sovereign equality,equality and mutual benefit.First of all,China and central Asia should adhere to the principle of unity of rights and obligations on the basis of respecting other countries’ economic sovereignty and create a fair and just regional financial cooperation environment.Second in the international settlement rules under the premise of establishing the system of proper multilateral system,and to coordinate the interests into different countries all over the world,perfect the legal construction of multilateral financial services network platform,establish unified supervision and management system,form a prefect legal mechanism for regional financial cooperation.