3 policies for internationalization of rmb. major player in international trade and finance...

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3 policies for 3 policies for Internationalization of RMB Internationalization of RMB

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Page 1: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

3 policies for Internationalization of RMB3 policies for Internationalization of RMB

Page 2: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

China

Page 3: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

Background

Page 4: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

Internationalization of RMB

For transaction with non-resident

Page 5: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

1st policy

Page 6: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

2nd policy

Page 7: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the
Page 8: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

3rd policy

Page 9: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

The China-ASEAN Free Trade 1) increase the two-way trade

2) further use of the RMB for trade settlements.

Page 10: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

RMB is not a convertible currency China controls capital flows The core of the Chinese financial market

is the underdeveloped state-owned banks

Market infrastructure & institutions are not comparable to those in HK and other world-class open financial markets

Shortcomings

Page 11: 3 policies for Internationalization of RMB.  major player in international trade and finance continuously growing by 9 to 10 percent per annum for the

The End