A Study On Developing The Cross-border RMB Settlement In Commercial Bank Under The Internationlization Of RMB

The pilot of cross-border RMB settlement after 7 years development,the scope of RMB cross-border use has expanded year by year.With the RMB joining the SDR,the function of the RMB including the international trade valuation,settlement stretched the international reserve currency that can be used by the members of the IMF organization.The RMB internationalization and RMB settlement business has formed a complementary relationship in the development process.The cross-border RMB settlement business is bringing a new source of profit for the commercial banks in the process of promoting the internationalization of RMB,motivation of financial innovation of commercial banks,and new opportunities for their internationalization.However,series of problems appeared during the process of internationalization of the RMB,they needs to be solved by commercial banks in the development of cross-border RMB settlement.Based on the background of RMB internationalization,this paper will discuss the development situation of RMB internationalization and cross-border RMB settlement business.By focusing on S bank I will analyzes the influence and the development of cross-border RMB settlement of bank S.By using of SWOT analysis will analysis the advantages,weaknesses,opportunities and threats of S bank in the cross-border RMB settlement business,with the comparison in the bank internationalization,intermediate business and product innovation and management at home and abroad.In the end,I will provide suggestions for the development of cross-border RMB settlement business of S bank,with wising the guiding is continuous and achievable.In this paper,for the inevitable trend of RMB internationalization,commercial banks should grasp the opportunity of policy,enhance the comprehensive competitiveness through the development of cross-border RMB settlement business,improving intermediate business income,accelerating the innovation of financial products and the pace of internationalization?With the development of cross-border RMB settlement business and pursuing profit maximization,commercial banks should realize trend of devaluation of the RMB,marketization of interest rate and the impact of network financial development,strengthen the innovation of products and risk management,and maintain steady operation.