The Study of Offshore RMB Financial Center

• Main Authors: Huang, Chih Yuan, 黃智沅
• Other Authors: Lee, Jie Haun
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/33857732742776932791

碩士 === 國立政治大學 === 經營管理碩士學程(EMBA) === 101 === "Renminbi" (RMB) has a very special background, based on the historical matter, the different economic system matter, and that varies greatly in comparison with the Western countries' currencies (such as the US dollar, Euro). Does the RMB likely to become an important international reserve currency in the future? Is it possible that threat to US dollar's leader role in the world? Moreover, the "Offshore Financial Center" is in a very critical stage of internationalization for the RMB, not only to enlarge the volume of RMB transactions, but also to promote the RMB in between the onshore and offshore markets for business and circulation enormous opportunities. In this study, starts from the historical review of currency markets and discuss the present state of development, follows by the current system of the RMB, as well as the operating model of the other offshore financial centers to benchmark, by analyzing the RMB offshore centers' business and operations, to understand in the past, present and future direction of development. To come out the solutions currently given to the problems encountered, and make recommendations for the offshore RMB center. Further to Taiwan, to discuss the current and future development of strategic positioning for the best practice of becoming the offshore RMB financial center. In conclusion, as for the long-term, according to IMF working paper: the RMB holds the most potential to become widely used internationally, due to China's large economic size, diversified trade structure and network, macroeconomic stability, and high growth rates which can be expected that the RMB will become a major international currency. Therefore, the development of offshore RMB financial center is already an urgent matter for Taiwan. The success of it can further become the international financial center in the next step. In the end, we hope this study can provide the great views to local and foreign financial institutions, and make some recommendations of relevant policy to government authority for reference purposes. Keywords: RMB, Renminbi, Offshore Financial Center, Currency