Study on the Development of Offshore RMB Market and Its Impact on the International Financial System

Authors

  • Weihua Sun

DOI:

https://doi.org/10.54097/g13z7c40

Keywords:

Offshore Market; Internationalization of Renminbi; International Financial System.

Abstract

The internationalization of the Chinese yuan responds to challenges with the US dollar's dominance, spurred by events like the subprime crisis and unlimited quantitative easing. China's economic stature necessitates yuan's global role. Its journey involves five stages, from border trade usage to SDR inclusion and presence in global indices. Offshore markets are pivotal, facilitating capital flows and meeting investor needs. Financial regulatory reforms align with market dynamics, enhancing transparency and stability. This study explores the symbiotic relationship between yuan internationalization and financial regulatory reforms, offering theoretical insights and policy recommendations for China's financial evolution and yuan's global ascent.

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References

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Published

12-06-2024

Issue

Section

Articles

How to Cite

Sun, W. (2024). Study on the Development of Offshore RMB Market and Its Impact on the International Financial System. Academic Journal of Science and Technology, 11(2), 139-143. https://doi.org/10.54097/g13z7c40