| Summary: | 碩士 === 國立中山大學 === 高階經營碩士班 === 103 === China has become the world''s second largest economy, and its development in economy is affecting the growth and decline of global-trade territory. Mainland China is promoting the international state of the RMB aggressively, and also pushes for internationalization. RMB internationalization is the new focal strategy of Chinese government in finance. There are two major policies for it, one is to sign currency swap agreements for RMB with other countries to increasing the proportion of RMB international usage, second is to increase the construction of offshore RMB center and cross-border trade. The purpose is to enhance the international status of the RMB, and reduce China''s reliance on the US dollar. RMB goes through the process from periphery, regionalization to internationalization, the RMB steps out of China through cross-border trade settlement and currency swap agreements. Selecting the offshore market by the mainland is one of important policies for RMB internationalization and for opening up its financial markets.
The study first describes RMB internationalization process and its four important supporting pillars.
1. The RMB offshore market
2. The degree of openness of capital
3. The reformation of RMB exchange rate
4. Interest-rate marketization
The purpose is to explore the progress of RMB internationalization, the current state of and prospects for the RMB business in Hong Kong and Singapore, and to analyze the opportunities and challenges developing RMB business in Taiwan.
In Taiwan, the capital pool (cash pooling) of RMB funds grow too fast and have been reached the scale of 300 billion RMB or above, it should establish channels to broaden RMB usage.
This study applied aspects of qualitative research methodologies will discuss about current status of mutual fund of the asset management business and the trend of cross-border wealth management business in Great China.
|
|---|
