The Research On The Development Strategy Of Cross-Border RMB Business Of A Bank Suzhou Branch

In recent years,China's economic level has become higher and higher,and all comprehensive strengths have also increased,thus greatly promoting the development of the renminbi.Now that there have been various cross-border businesses in RMB,the RMB has gradually moved toward internationalization.Since 2008,the Chinese government has issued a large number of incentive policies,and the cross-border RMB business has become more and more radiant.Now it has included all current projects such as trade financing and cross-border settlement,as well as some capital projects,and carried out cross-border business in RMB.It has received strong support from various enterprises and commercial banks.There are two main reasons for this.First,the business can expand the banking business.In the process of conducting cross-border RMB business,it can reduce its operating costs and obtain new growth points.In recent years,major commercial banks have paid more and more attention to this business.Cross-border business with RMB has become a key business of all commercial banks today,and commercial banks have invested a lot of energy into these businesses.Its development.Second,cross-border business with RMB will also have great benefits for enterprises.Enterprises can control financing costs through this business.The cost reduction will help domestic businesses to better create benefits,and in an international environment.Under the circumstance,all enterprises want to seize the international market,and also need to provide support for cross-border business conducted in RMB.Under the influence of many factors,the number and quality of cross-border business in RMB has increased year by year in recent years,and now it has entered a period of rapid development.However,there are also many different kinds of problems that have followed,which have greatly limited the development of cross-border business in RMB,and also caused some problems for enterprises and commercial banks.Therefore,research on this issue has theoretical significance.In order to better study cross-border business conducted in RMB,this paper combines practical business and related theoretical knowledge,hoping to obtain more comprehensive and systematic conclusions and promote the development of cross-border business in RMB.First of all,the author used different channels to collect information related to cross-border business conducted in RMB,such as major search websites,related books,and various paper databases.After collecting relevant information,the author conducted an in-depth study,and sorted out and classified related articles,and summarized the research results of cross-border RMB related research based on RMB at this stage.Secondly,this paper summarizes the current development status of the business by analyzing the existing literature and related materials,and understands the theories and concepts related to the business,and deeply analyzes the cross-border business with RMB in commercial banks,enterprises and countries.Impact.In the process of summarizing and analyzing the relevant materials,the author found that the Suzhou branch of Bank A is a representative bank in the business.It is a key target of Bank A in the pilot process,and now it is innovating and scaled for the business.All of them are very representative,so this paper takes it as the research object for systematic research,in order to better explore the shortcomings of the business in the development process and the root causes of the problems.Finally,after conducting a comprehensive research and analysis on Bank A Bank Suzhou Branch,the author puts forward relevant suggestions and countermeasures based on relevant theories and existing achievements,hoping to better promote the bank.The development of cross-border business carried out by the renminbi will enhance its business capabilities and better solve related problems.In addition,this paper also hopes to provide some reference and reference for other similar banks through the research of the bank and related countermeasures,and better promote the development of RMB internationalization.