本文關(guān)鍵詞：香港建設(shè)人民幣離岸金融市場(chǎng)的影響以及人民幣回流的途徑分析　出處：《復(fù)旦大學(xué)》2012年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 人民幣國(guó)際化 離岸金融市場(chǎng) 在港人民幣存款 貨幣供給 洗錢

【摘要】：建立離岸金融市場(chǎng)是邁向人民幣國(guó)際化重要的一步,從2004年2月25日起,香港銀行開始提供人民幣存款業(yè)務(wù),這標(biāo)志著香港成為第一個(gè)人民幣離岸金融市場(chǎng)試點(diǎn)。香港作為國(guó)際金融中心,又擁有這良好的地理位置,并多年保持著與內(nèi)地的貿(mào)易合作以及金融合作,是人民幣離岸金融市場(chǎng)的最佳選擇。圍繞著香港離岸市場(chǎng)的建設(shè),也正在將新加坡、倫敦和上海發(fā)展成人民幣離岸市場(chǎng)。 中國(guó)應(yīng)當(dāng)借鑒日本建設(shè)日元離岸市場(chǎng)時(shí)的失敗經(jīng)驗(yàn),以香港為中心大力開展與周邊國(guó)家的雙邊貿(mào)易,增加以人民幣結(jié)算的比例,讓人民幣在周邊國(guó)家有效得流動(dòng)起來。隨著人民幣貿(mào)易結(jié)算試點(diǎn)的不斷開放,香港人民幣存款規(guī)模逐漸增大。但是由于缺少合理的人民幣回流機(jī)制,無法提高境外市場(chǎng)對(duì)人民幣的需求。人民幣流向境外則意味著降低了中國(guó)境內(nèi)的貨幣供給。 必須建立回流通道引導(dǎo)人民幣回流境內(nèi)。在多種回流途徑中,發(fā)展最快的是人民幣債券和RQFⅡ,隨著兩種金融產(chǎn)品發(fā)行量的增大,人民幣回流也會(huì)越來越有效。在發(fā)展離岸市場(chǎng)的同時(shí),也需面對(duì)開放市場(chǎng)帶來的風(fēng)險(xiǎn),應(yīng)當(dāng)對(duì)資金流動(dòng)嚴(yán)格監(jiān)管,防止投機(jī)性資金通過非正常渠道進(jìn)出大陸,避免大量非法資金流動(dòng)對(duì)中國(guó)經(jīng)濟(jì)帶來的影響。
[Abstract]:The establishment of an offshore financial market is an important step towards the internationalization of the renminbi. Since February 25th 2004, banks in Hong Kong have been offering renminbi deposits. This marks Hong Kong as the first pilot offshore financial market for the renminbi. As an international financial centre, Hong Kong has a good geographical position and has maintained trade and financial cooperation with the mainland for many years. It is the best choice for the renminbi offshore financial market. The construction of offshore market around Hong Kong is also developing Singapore, London and Shanghai into RMB offshore markets. China should draw lessons from Japan's failure to build an offshore market for the yen, take Hong Kong as the center to vigorously develop bilateral trade with neighboring countries and increase the proportion of settlement in renminbi. With the continuous opening of RMB trade settlement pilot, the size of RMB deposits in Hong Kong gradually increased, but due to the lack of a reasonable mechanism for RMB return. There is no way to increase demand for the yuan in foreign markets. The flow of the yuan abroad means a reduction in the money supply inside China. It is necessary to establish a return channel to guide the return of RMB in China. Among the various ways of reflux, RMB bonds and RQF 鈪，

本文編號(hào)：1393623