The Role Of RMB Settlement In Promoting RMB Regionalization And Internationalization Process

Regional internationalization of RMB is a hot issue in recent years one of the academic research and attention by the community, because on our international trade, international investment, international finance, foreign exchange reserves and the domestic economy and other aspects significant impact. RMB settlement of the regional role in promoting international research area is the internationalization of China's RMB provides an effective theoretical basis and the rationalization of the policy recommendations put forward, which is the process of internationalization of the RMB Regional smooth academic support.In this paper elaborates on the Home and Abroad, the first analyzes the relevant international monetary theory, discusses international monetary conditions and international monetary functions, and thus denominated in the currency of international discourse of the boost. On this basis, the world's major currencies discussed the process of international monetary generally originated in the currency of international settlement, based on extensive market currency trading network developed for the monetary settlement functions to provide important international power and support the functions of currency derivatives on the monetary settlement speculative demand and Reserve functions, the two promote each other to complete an international currency, the currency of the international monetary settlement process is to promote the role. Then first regional internationalization of RMB conditions were analyzed with the reality gap, the U.S. dollar, although various conditions such as a big gap between the world's major currencies, but with the RMB has taken a regional international conditions. According to the International Monetary Theory and the internationalization of the world's major currencies, the process of internationalization of the RMB can start with the area of international trade in the pricing and settlement as the beginning, while the development of the RMB for international investment, in fact, the RMB in China and neighboring countries The trade has been gradually as the pricing and settlement currency, the RMB in the beginning there is no government deliberately promoted the case to go abroad. Then explained the situation with the RMB, the yuan RMB settlement of the regional process of internationalization. In order to better promote regional internationalization process of RMB, China addition to continuing to improve our economic strength, China's foreign trade to improve the position in the world, the exchange rate formation mechanism reform, continue to develop our financial system, increase the intensity of China's financial market opening and gradually open its capital to explore other projects, should also take the regional-based RMB role in promoting the internationalization process has some specific policy measures.The innovation of this article is the latest on the RMB settlement and the latest results are described, closely linked to regional and international development of RMB pulse; this paper, the functions from the monetary point of view, monetary currency of international settlement began in general, monetary settlement derivative of the functions of currency speculation and demand for reserves, the two promote each other, the process is the currency of international settlement functions, the functions of investment functions and reserves the internationalization process, drawing on the world's major currencies, the process of international experience, combined with the internationalization of the RMB region conditions and the RMB settlement of the situation, analyze the RMB international role in promoting regional.