Research On The Role Of RQFII In Promoting The Internationalization Of RMB

The last century,along with the globalization of international capital,can very clearly see the finance has become an important part of a display of the country's economic strength.Although only a few years,the situation of the financial sector has potential as spewing big step forward.China to promote the rapid and healthy development of domestic capital markets,since 2002 the introduction of the QFII system,through several years of development and innovation,with a very big step forward.As a purpose is not a bridge but a system design stage,the impact of QFII on China's market is growing.The RQFII is another explanation thereof constantly plays a very important role in China's capital market,and to highlight the effect of this action is more and more obvious.The currency is the brand name of a country,representing the sovereign state,is a manifestation of a country's comprehensive ability.This reflects both from the perspective of development worth mentioning,from between his country's dealings with perhaps from the financial strength,performance can be.Where the global position of the currency have with the strength of the country has no small Relations.China since the reform and opening up,economic have very big change,the entire country from the economic and ideological countries have undergone major changes,the more comprehensive national strength and growth,while in the international location is also among rising,China has been his country The country can not be ignored in the economic landscape of the world where no one can become a great strength to ignore.Even RQFII business in China is still in the exploratory state,but RQFII as some outside investors the opportunity to invest China's national currency funds in the capital market,making the currency in circulation mechanism gradually improved,but also to make the renminbi offshore market continuation of development has been very good,which is to expand the capital market has played a very good role,but also to improve it the economic development between and within countries.RQFII the Chinese currency renminbi business to the world,so that the back mechanism of RMB increasing,making the yuan to find a lot of the market,but also on the development of the RMB has played a certain role.This paper focuses on the significance of RQFII conduct its business role in promoting the internationalization of the RMB-related discussions,and to start from two parts,one is the impact RQFII RMB internationalization of business;the other part is South Korea as an example,Chinese RQFII business expansion to change South Korea's first two years of the financial markets,questions recommend effective solutions.