Research On The Settlement Of Cross-border Trade RMB

In current international trade,cross-border trade RMB settlement refers to the valuation and settlement of goods in RMB,and for investors in China,If there is a legitimate qualification,it is also possible to use RMB to carry out the valuation and settlement of related investments.In order to revitalize the economy of China's foreign trade as well as the risks of tackling the international financial crisis,the Chinese government put forward to promote RMB internationalization strategy,including cross-border yuan trade settlement is the first process of RMB internationalization.08 year financial crisis,the us subprime mortgage crisis is extremely important,the defects of the international monetary system shows that the financial crisis,the main international currency exchange rate volatility is very severe,especially the dollar depreciated to trade both parties as well as the country has brought a lot of foreign exchange risk.Therefore,in order to reduce the reliance on dollar settlement in foreign trade economy and reduce exchange rate risk,RMB internationalization is on the agenda of China.At the same time,after China's entry into the WTO,the country's economic strength has been continuously strengthened,the GDP is more than Japan,the world's second level,secondly,with the improvement of China import and export trade,China's neighboring countries and regions have been generally accepted in RMB,the yuan began a large number of circulation and surrounding countries and regions become the foreign trade commodity invoicing and settlement currency.Under the two important factors,the Chinese government decided to promote the first process of RMB internationalization-cross-border yuan trade settlement,and in April 09 immediately to carry out the pilot work,including Shanghai,Guangzhou,Shenzhen and other cities within the territory of,outside Hong Kong,Macau,the Philippines,Malaysia and other regions and countries.After several years of cross-border trade in RMB settlement promotion,it has been scaled up,which provides practical experience for the comprehensive promotion of RMB cross-border trade.This paper carefully analyses the cross-border yuan trade settlement literature view and the status quo of cross-border yuan trade settlement,find the existing problems,and through factor analysis and contrast the main countries of cross-border currency settlement experience,put forward the feasibility of cross-border yuan trade settlement related policy Suggestions.