| With the continuous promotion of economic globalization and the implementation of "One Belt And One Road" initiative,RMB has been accepted by trading countries as a settlement currency.With the addition of RMB to SDR,the opening process of China’s capital projects has been accelerating.At the same time,the regulatory loopholes in the cross-border settlement of RMB have gradually increased the vacuum of cross-border settlement supervision,and the problem of money laundering and authenticity verification seriously jeopardizes China’s normal economic order.This paper studies the legal supervision of cross-border settlement of RMB from the perspective of international law.The main purpose is to better understand the impact of legal supervision on cross-border settlement of RMB,find out the point of convergence between legal policy and supervision vacuum,and improve the cross-border of RMB in China.The legal supervision mode of settlement further promotes China’s economic development and RMB internationalization.Guided by the theory of international law,economic law,economics,and finance,this paper is based on the current status of RMB cross-border settlement law,using the combination of theoretical analysis and empirical analysis,historical analysis and logical reasoning,data analysis and analogy deduction.The combination of dynamic analysis and static analysis explores the regulatory issues of significant differences in local and foreign currency regulatory laws in China’s RMB cross-border settlement,the difficulty of regulatory review of trade authenticity,and the risk of cross-border money laundering.At the same time,according to the international monetary fund agreement legislative value orientation and cross-border yuan settlement rule of law in our country the status quo of China in the IMF to perform the relevant legal obligations existing dilemma and analyzed the promotion of China’s renminbi financial sovereignty,analyze to strengthen cross-border yuan settlement legislation significance of legal regulation in our country.Finally,combined with the theoretical and empirical analysis of the conclusions of China’s RMB cross-border settlement of legal supervision system proposed four aspects.1.Fill in the gaps in the supervision of RMB cross-border settlement,learn foreign exchange management experience,and strengthen the supervision of integrated cross-border settlement of local and foreign currencies.2.Improve the cooperation between various regulatory departments and build legal and regulatory cooperation with other countries and regions on RMB cross-border settlement.3.Banks should improve the construction of self-discipline mechanism,internalize the principle of exhibition in daily system,improve punishment mechanism,build restraint and incentive mechanism of safe and external joint supervision mechanism to improve the authenticity of trade supervision and verification of transactions.4.We should improve the legal supervision system of cross-border anti-money laundering in China,perfect the supervision mode of anti-money laundering,strengthen the anti-money laundering consciousness of commercial Banks and other financial institutions,and increase the investment in anti-money laundering and the construction of talent team.In this way,we can further promote the development of RMB cross-border settlement business in China,increase the discourse power and influence of RMB in the international financial system,and finally realize the internationalization of RMB. |
