Financial Innovation in the Field of RMB Internationalization

Laiyue Wang; Junwen Shen; Yingjie Wu; Aletunhan Abdzeyimu

doi:10.54097/fbem.v3i2.248

Authors

Laiyue Wang
Junwen Shen
Yingjie Wu
Aletunhan Abdzeyimu

DOI:

https://doi.org/10.54097/fbem.v3i2.248

Keywords:

Internationalization of RMB, Financial innovation, Digital currency, Payment settlement

Abstract

Due to the limitations of the traditional financial system, under the background of the general trend of international financial development, the system construction of RMB internationalization has become an important financial innovation and construction project. Therefore, this project studies the financial innovation in the field of RMB internationalization, and puts forward suggestions and assumptions on the construction of the project system. The main research contents of the project include: Research on hardware construction of digital RMB cross-border transaction settlement system based on blockchain infrastructure; Research on the construction and advantages of distributed cross-border payment network based on digital currency; Research on the construction of distributed cross-border payment network and the reform of international monetary system; Research on establishing risk control and supervision system of digital RMB cross-border payment and settlement; Research on guiding third-party payment institutions to expand digital RMB cross-border payment scenarios.

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