Limiting Factors and Measures for RMB Cross-Border Trade Settlement

Abstract

If the simultaneous development of cross-border trade and offshore market expanses radically, it will bring about opposite effects. We need to dialectically view the various influences brought by the development of cross-border RMB trade settlement and RMB internationalization. We need to start from the crux of our own shortcomings to improve the economic and financial system construction. We should seize the current favorable time, take advantage of the economic restructuring period of domestic market, the adjustment time of international offshore financial center， the period that international markets are seeking for haven currency and other historical opportunities to promote RMB internationalization by building RMB offshore markets.