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The Experiment of Cross-border Trade Settlement in RMB and the Development of RMB Business in Hong Kong and Macao
09.12.2012  Views:1164   Author:Chen Hongquan and Cao Longqi 
Publications issued:The Journal of Guangdong University of Finance,2009( 06) 

銆恡itle銆慣he Experiment of Cross-border Trade Settlement in RMB and the Development of RMB Business in Hong Kong and Macao
銆恆uthor銆慍hen Hongquan and Cao Longqi锛圕hina Center for Special Economic Zone Research; Shenzhen University; Shenzhen 518060; China锛;
銆怉uthor Affiliations銆 China Center for Special Economic Zone Research
銆恠ource銆慣he Journal of Guangdong University of Finance,2009( 06)
銆恔ey words銆憇ettlement in RMB; RMB internationalization; Hong Kong; Macao;
銆恆bstract銆慦ith the movement of trade and economic exchanges closer among Hong Kong,Macao and the Mainland,under the impulse of relevant policy,RMB business continues to expand in Hong Kong and Macao.But because of the one-way transaction of RMB among Hong Kong,Macao and the Mainland,etc.in recent years,the RMB business in Hong Kong and Macao continues to slow down the pace of development.The experiment of cross-border trade settlement in RMB is the major strategic decision,which China chooses to cope with the global ...
 
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