Of RMB Cross-border Business Development Of Qianhai Shenzhen

After the2008financial crisis, the current international monetary situation has been questioned, coupled with Chinese growing economic strength, strong performance of RMB, RMB internationalization problem under hot debate. At present the RMB in neighboring countries and regions, has begun to play a currency and reserve currency. On the15anniversary of Hongkong’s return to the occasion, the Chinese State Council approved the policy of the development of Shenzhen Qianhai Shenzhen-Hong Kong modern service industry and opening up. Support Qianhai in Shenzhen implement more specific first test policy zhan specific Economic Zone, given22support measures from the six areas of finance, taxation, legal, human resources, education, health care and telecommunications. The first policy of Eight financial policy measures in the first test policy is constructing cross-border RMB business innovation pilot support Qianhai. Shenzhen Qianhai with Hong Kong and adjacent to the superior location advantages, and the many opportunities with an important opportunity to trade settlement pilot cross-border RMB and "pilot" policy, naturally become the best choice for the development of cross-border RMB business. Therefore, this paper proposes the core point of view to take advantage of Qianhai in Shenzhen, seize the opportunity, promote the internationalization of RMB with Shenzhen Qianhai development of cross-border RMB business.This paper starts from the theory of currency internationalization, analyzes the research on RMB internationalization literature, providing theoretical support for the development of cross-border RMB business. Then, further analysis of the development course and the present situation of the internationalization of RMB, RMB cross-border circulation and at the present stage of China’s development of cross-border RMB business, since its focus on the process of RMB cross-border trade settlement pilot problems and Shenzhen Qianhai, raised in Shenzhen Qianhai development of cross-border RMB business to promote the core issue in the research of this paper the internationalization of RMB. Then, a detailed analysis of the difficulties of Shenzhen Qianhai development of cross-border RMB business and risks. Next to the Shenzhen Qianhai development of cross-border RMB business advantage, from a qualitative point of weakness, opportunities and challenges for analysis. Furthermore, analysis effect of Shenzhen Qianhai development of cross-border RMB business on the internationalization of RMB, Hong Kong Financial development. Finally, based on the analysis of Shenzhen Qianhai development issues and challenges encountered in cross-border RMB business, put forward concrete solutions strategy.Through SWOT analysis that Shenzhen Qianhai should seize the opportunity, take advantage of the positive development of cross-border RMB business. Finally pointed out the lack of overseas RMB digestive cycle system, the RMB capital account is not completely open, within the city competition and other difficulties, as well as the possible risk restricted the development of Shenzhen Qianhai cross-border RMB business, think through widening the channel, the RMB circulation and encourage financial product innovation, strengthen the government departments to coordinate cooperation, implement the "first test policy" system, the coordination of regional development, strengthen risk supervision measures are conducive to better play Shenzhen Qianhai development of cross-border RMB business functions.