Theory On Forming And The Prospect Of The "Asian RMB" Bond Market

The rise of China attracts worldwide attention. The connection between Chinaand the world becomes much closer, with the steady, fast and healthy tendency ofChinese economy. The improvement of comprehensive national strength, the closeinternational trade relationship and the rise of international status, make RMB, whichis one of the symbols of Chinese economy, gradually walk out of the country gate,start its way to perimeteralization, then asianalization. RMB internationalizationseems more and more apparent.Until now, the study on RMB internationalization and Asian bond market isseparate. None of them stands their viewpoint on Chinese side, either thinks aboutRMB outside the border. This paper tries to seize this "blank", to further abundant anddevelop the theories of RMB internationalization and Asian bond market from a newpoint of view, connects RMB asianalization, "Asian RMB" and "Asian RMB" bondmarket together, elaborates on the three above and their inner relations.The study substance of this paper is good to know the state of RMBinternationalization and RMB outside the border. It might make some contributions oneffectively guiding Chinese future macro-finance, guiding the direction of RMBinternationalization, utilizing RMB market overseas and participating in Asian financecooperation actively.This paper is written mainly by word expressions, elaborates the main subjectgradually from one level into another new level. The key problem is to describe theinner relationships among RMB asianalization, "Asian RMB" and "Asian RMB"bond market, forecast the scale of "Asian RMB" and the emergence and developmentof "Asian RMB" bond market by setting up the Econometrics model and internationalcomparison.RMB asianalization and the development of "Asian RMB" bond market are theinevitably trend and inevitably choice of the economic development. RMBasianalization is an important link of RMB internationalization. "Asian RMB" and"Asian RMB" bond market are the financial existence form of RMB outside theborder, when RMB asianalization reaches a certain level. They mutually promote anddevelop together.One creation of this paper is this paper seizes the "blank" of the study on RMBinternationalization and Asian bond market, connects RMB asianalization, "AsianRMB" and "Asian RMB" bond market together. Using the Econometric method toforecast the scale of "Asian RMB" and linking it to the emergence and developmentof "Asian RMB" bond market is another creation.