search query: @author Zhuang, Jun / total: 9
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| Author: | Zhuang, Jun |
| Title: | On the risk and significance of opening the Renminbi service in foreign-funded banks (original in Chinese) |
| Journal: | Economics Information (c)
1997 : 5, p.14-18 |
| Index terms: | FOREIGN BANKS BANKING MONETARY POLICY CHINA |
| Language: | chi |
| Abstract: | Beginning from 1997 the Shanghai Pudong new area will take the lead in opening Renminbi business in foreign-funded banks, which indicates marked progress in the internationalisation of finance with Chinese characteristics This pioneering practice will play a positive and significant role in better utilising world capital market, enlarging indirect funding scale, promoting direct foreign investment in China, optimising the structure of products of hi-and-new technology, enhancing the international competitiveness of the banks of our country, building up domestic financial market, improving techniques of macro-regulation, speeding up the construction of international centre of finance and accelerating the internationalisation of RMB, but the risk involved is not to be treated lightly. |
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