Research On RMB Settlement Of Cross-border E-commerce In China

With the development of information technology revolution and industrial revolution,the electronic commerce economy has gradually become one of the important symbols to measure the dominant power of economic competition.As China's comprehensive,strategic and fundamental industry and the important “engine” of economic and social development,sustained,rapid and healthy development of the electronic commerce of which plays a very important role in enhancing the level of industrial development,optimizing industrial structure,rationally allocating market resources,and transforming economic growth mode.Under the background of the trend of economic globalization and e-commerce to flourish in the global scope,our country's foreign trade enterprises want to keep up with the pace of international trade in the new era,we must vigorously develop cross-border e-commerce,forestall achieving trade transformation and upgrading,to seize the initiative.Since the 2008 international financial crisis,the pace of the development of traditional foreign trade began to slow down,while cross-border e-commerce has shown a rapid growth momentum and huge potential for development,and become an important growth point of foreign trade development.In addition to the trading platform,logistics and distribution,the innovation of payment link also echoes with the RMB internationalization,cross-border e-commerce's RMB settlement breaks out of ground,not only to provide fresh impetus for the rapid growth in cross-border e-commerce,but also to open up a new way for the internationalization of the RMB.In this paper,by analyzing the currently experts and scholars' comments on general development situation of cross-border e-commerce,it reviews and summarizes the related literature,intends to carry out the study for RMB settlement problem of cross-border e-commerce,combining the actual situation of the specific cross-border e-commerce.First of all,it introduces the background of the rise of the RMB settlement of cross-border e-commerce and the research significance;secondly,to illustrate different definitions of e-commerce,cross-border e-commerce and digital trade and the situation of international rules of e-commerce;thirdly,it explains the current situation of the RMB settlement of cross-border e-commerce,including status of the payment platform and settlement patterns,and illustrates relevant provisions of the existing policy about the RMB settlement of cross-border trade,further to analyze the influence on the RMB settlement of cross-border e-commerce,also to learn from management experiences of American third-party payment platform,and then to point out the necessity of formulating specific policies on RMB settlement of cross-border e-commerce in China;In particular,in the current domestic research based on the current situation and problems of cross-border trade's RMB settlement,and further pointed out the existing problems of RMB settlement in cross-border e-commerce,of which need to be adjusted and perfected,and how to prevent and evade some possible risks.Finally,it proposes countermeasures to solve the problem,including improving the policy environment for the development of cross-border e-commerce,establishing and perfecting the laws and regulations and standard system of cross-border e-commerce,supporting the construction of cross-border payment platform in China,improving the financial service system of e-commerce,and so on.Through the implementation of these measures,it will enhance the RMB settlement level of cross-border e-commerce,not only to avoid cumbersome procedures of settlement of exchange,but also to meet the requirements of cross-border trade facilitation objectives.Furthermore,it will be conducive to accumulate the experiences of RMB cross-border settlement and improve the development level of internationalization of RMB.