The Disquisition Of Theories And Application Approach Of Hongkong Dollar And RMB's Integration

Now, globalization has become a kind of obvious tendency, so that the economic individual isolated with the international economic system wanting to seek long term development has become unimaginable. The currency regionalization is the only road where the financial localization carries out the transition to globalization. With the tendency of global economy and finance's integration strengthening, regional currency integrated theory and practice have gotten quick development. The introduction of European dollar has carried out the best annotation and initiative practice for regional currency integrated theory. The regional cooperation of Asia should regard China as core and then radiate around. As the three sides who possess the advantages, China Mainland , Hongkong and Macao should take the opportunity, discuss economic and financial cooperation together and set up single currency matters, which have interests very much to the fast development and finance steady of the 3 destricts and also explore the method for the single currency of Asia at the same time. Though because of various reasons, realizing the Chinese currency needs time to be integrated, but it is extremely necessary to carry on perspective theoretical research to it.Financial integration is a gradual process.The financial cooperation of Chinese mainland, Hongkong and Macao should consequentially also begin from simple monetary cooperation.Considering of the political susceptivity of Taiwan problem, and Macao is a correspondingly smaller economic region, this paper mainly does some analysis and discussion about the monetary integration of Hongkong and Chinese mainland. And it also discusses the econimic meaning andfeasibility of the integration of Hongkong dollar and RMB not from the angle of system and political unification but from the angle of economic relation,the integration of market, and the flow of operative elements.lt accords with the mainstream of the idea of the theories of the integration of territorial currency, also can exploit a wide space for the farther integration of Chinese currencies. Doing some periscopically theoretic research on Chinese monetary incorporation is of greatly strategic importance for facilitating the amalgamation of Chinese intestine economy and finance to endure the challenge of the enhancement of cosmopolitan integration of economy and finance in 21th century.This paper analyses the strategical meaning and economic meaning of the integration of Hongkong dollar and RMB acooring to the combination of relative theories of integration of territorial currencies and the actual conditions of Chinese mainland and Hongkong Special Administrative Region.It validates the feasibility of the integration of Hongkong dollar and RMB abstractly, and makes an assumption of the deailed processes and steps of the actualization of the unitive currency of the two districts on the basis of theoretic research.The detailed content of this paper is:(l) the theoretic basis of the integration of territorial currencies;(2) the actual meaning of the integration of Hongkong dollar and RMB;(3) the theoretic analysis of the feasibility of the integration of Hongkong and RMB on the basis of theoretic and actual conditions;(4) the suggestions and assumptions of the detailed steps of actualization of the integration of Hongkong dollar and RMB according to the results of analysisi and the practical experiences of the integration of currencies;? contrasting the current actual conditions of the two districts with the real conditions of the actualization of the integration of the two currencies and pointing out the measures and ideas to promote the integration of currencies of the two districts.