Promote Cross-Border Trade Settlement Of RMB International Relations

In2008the global financial crisis which triggered by the American sub-loan crisis has fully exposed to the dollar as the core of the international monetary system defects. People learned from the crisis and realized that the importance of international monetary system reform. The break-out of European debt crisis once again impacted on the global financial system:all countries realized that the acceleration of the international monetary system reform was more and more urgent. Along with the expansion of Chinese economy and the rise in position in world economy, to realize the internationalization of RMB becomes not only China’s interest and demand, but also an important measure in international arena to use power and shoulder responsibility, having great strategic significance for the stabile, sustaining, balanced, and harmonious development for China and the world economy.In2009the State Council carried out the pilot RMB settlement of cross-border trade, showing that the internationalization of the RMB has been incorporated into the category system. CPC Central Committee on national economic and social development Twelfth Five Year Plan Suggestion was put forward, expanding the RMB’s role in cross-border trade and investment. RMB settlement of cross-border trade for domestic and foreign enterprises economic and trade exchanges provides a more convenient payment and settlement tool, helping to promote the further growth in the international trade volume; In the medium and long term, it is conducive to China’s future economic structure adjustment, and will improve economic quality, improve trade and trade status and change the world financial center construction. RMB settlement of cross-border trade hinted that our country has realized the internationalization of RMB is an important step, but at the same time we are also facing problems such as capital project remaining excluded within the border, underdeveloped financial markets, RMB clearing acceptance problems and so on.This article attempts to reveal RMB internationalization of RMB trade settlement problem to undertake the system studies, discuss how to solve the capital project under the background of opening the RMB settlement in cross-border trade and solve foreign exchange management difficulties, as well as the RMB investment and return problems raised by an underdeveloped off-shore market; and discuss how to improve the RMB settlement of cross-border trade, to further expand the yuan in international stage as currency and trade intermediary; and discuss how to use the opportunity of the RMB settlement in cross-border trade, promoting the RMB into a reserve currency, and the diversification of international monetary system.This dissertation covers6chapters. The first chapter is introduction. In this chapter the relationship between cross-border trade settlement and the RMB internationalization is discussed. Questions, purpose, train of thoughts, and possible creation and inadequacy of this dissertation would also be listed in this chapter. The second chapter is the analysis of current situation. Looking through the past and present of the RMB settlement in cross-border trade, the advantage and disadvantage of it will be highlighted. Chapter Four will present the analysis of theories. Based on the analysis of Money search theory, the most appropriate criteria for endogenous monetary standard monetary theory and pricing choice theory, the theoretical base of cross-border trade the RMB settlement promoting the internationalization of the RMB theory. In Chapter Five examples would be given:from a model of the RMB internationalization and the estimation of the situation of the RMB in circulation abroad the fact that cross-border settlement promotes the internationalization of the RMB is proved. Possible policy suggestions are in Chapter Six. Some principles that apply to government, banks and businesses are given for the purpose of promoting the RMB settlement in cross-border trade.