Why the internationalization of RMB slowed significantly sugus

Why is the significant slowdown in RMB internationalization of sina finance (public opinion leader WeChat kopleader) slowed the process of internationalization of the RMB since columnist Zhang Ming, the second half of 2015, mainly due to shrinking cross-border arbitrage activities. This is in fact a process of foaming. In other words, we do not have to worry too much about the internationalization of the RMB internationalization of the RMB future slowdown, although may be slower, but probably more driven by real demand, so its sustainability is expected to significantly enhance. Why RMB internationalization stalled since the central bank China from the second half of 2009 to actively promote the internationalization of the RMB, RMB internationalization process can be divided into two stages: during the first half of 2010 to 2015, RMB internationalization has made rapid development; however, since the second half of 2015, a significant slowdown in the pace of RMB internationalization, some indicators even reversed. China’s central bank is mainly along the two path to promote the internationalization of the rmb. First, to promote the RMB settlement in cross-border trade investment; two is to promote the development of offshore RMB financial markets. In order to help other countries get additional yuan to meet market demand, the Central Bank of China and more and more central banks signed a bilateral currency swap. 2010 first quarter to the third quarter of 2015, the scale of cross-border trade RMB settlement rose from $2 trillion and 90 billion to $18 billion 400 million, an increase of 113 times. Over the same period the scale of cross-border trade RMB settlement and cross-border trade ratio increased from 0.4% to 32.5%. January 2012 to September 2015, China’s foreign direct investment in RMB settlement scale increased from 200 million yuan to $20 billion 800 million, while the scale of RMB settlement of foreign direct investment in China rose from $35 billion 100 million to $1 billion 400 million. Because the renminbi has made great progress in cross-border trade and investment in the field of settlement, resulting in RMB as international settlement currency status rises. The share of RMB settlement in global settlement rose from 0.3% in December 2011 to about $2.8% in August 2015, while the Yuan’s ranking in the global settlement currency rose from the year of October 2010 to the top thirty-fifth in the year of fourth in August 2015. January 2010 to December 2014, the scale of RMB deposits in Hongkong rose from 64 billion yuan to $1 trillion, while the size of the RMB deposits in Hongkong over the same period accounted for the proportion of Hongkong’s total deposits increased from 1% to 10%. RMB deposits in Taiwan rose from 6 billion 600 million yuan in January 2012 to $338 billion 200 million in June 2015, while the size of Singapore’s RMB deposits increased from $60 billion in June 2012 to $234 billion in June 2015. From 2009 to the end of June 2016, the central bank has Chinese with 35 countries or regions of the central bank signed a total amount of 3 trillion and 120 billion yuan bilateral currency swap. However, from the second half of 2015, most of these indicators have reversed. The third season of 2015相关的主题文章: