人民币香港离岸市场发展对港币的替代影响研究

发布时间：2018-01-24 03:32

本文关键词： 港币替代人民币化离岸人民币人民币香港离岸市场　出处：《西南交通大学》2013年硕士论文　论文类型：学位论文

【摘要】：随着世界各国和地区金融经济联系的日益密切,金融经济发展间的相互影响日益加深。在当今世界以强势美元为国际货币金融体系核心的条件下,各国和地区的美元化现象甚为普遍。然而,改革开放30余年以来,我国的经济发展取得了举世瞩目的成就,宏观经济实力迅速增强,金融服务水平显著提高,使得人民币的国际地位不断提升,人民币的国际化进程逐渐加快。就目前而言,人民币事实上已经成为我国周边接壤国家和港澳地区的硬通货,使得境外越来越多的人们持有人民币。因此,在残酷的“达尔文式”的货币竞争中,我国美元化的风险越来越低,而人民币替代他国或地区货币即“人民币化”的现象日益显现,而这其中又以香港地区尤为明显。香港作为我国离岸金融中心建设发展的首选之地,其发展带来了人民币在香港的大规模集聚和流通使用。人民币香港离岸市场的快速发展使得人民币已经成为香港地区的“第二货币”。这就产生了香港离岸人民币对港币的替代性问题,即人民币化现象。本文基于人民币香港离岸市场发展的实际,结合经济金融理论知识和前人货币替代理论的研究成果,对人民币香港离岸市场发展过程中产生的离岸人民币对港币的替代性问题进行了初步研究。全文共可分为六个部分：第一部分是绪论,主要阐述了研究的背景及国内外对于货币替代理论研究的现状；第二部分是对人民币香港离岸市场的发展进行了概述,阐明了其发展的规模及影响；第三部分是对人民币香港离岸市场发展中带来的离岸人民币对港币的替代程度进行了衡量,以证明香港人民币化的强弱并分析了影响港币替代的相关因素；第四部分是对影响离岸人民币替代港币的因素进行了实证的分析说明；第五部分是对香港人民币化现象带来的影响及其未来发展应采取的对策进行了论述；最后是文章的结论部分,总揽全文五部分的分析研究成果,得出对人民币香港离岸市场发展对港币替代影响研究的几点结论。
[Abstract]:With the increasingly close financial and economic ties between countries and regions in the world, the mutual influence between financial and economic development is deepening day by day. Under the condition that the strong dollar is the core of the international monetary and financial system in the world today. The dollarization of various countries and regions is very common. However, since the reform and opening up more than 30 years ago, China's economic development has made remarkable achievements, the macroeconomic strength has been rapidly enhanced, and the level of financial services has improved significantly. As a result, the international status of RMB has been improved, and the internationalization process of RMB has been accelerated gradually. At present, RMB has in fact become the hard currency of China's neighboring countries and Hong Kong and Macao regions. Therefore, in the cruel "Darwinian" currency competition, the risk of dollarization in China is getting lower and lower. And the phenomenon of RMB replacing other countries or regional currencies, known as "RMB", is becoming more and more obvious, especially in Hong Kong. Hong Kong is the first choice for the construction and development of offshore financial center in China. The rapid development of the offshore market of RMB in Hong Kong has made RMB become the "second currency" in Hong Kong. This raises the alternative issue of the offshore renminbi in Hong Kong against the Hong Kong dollar. Namely, the phenomenon of RMB. This paper is based on the development of RMB offshore market in Hong Kong, combined with economic and financial theory knowledge and previous research results of currency substitution theory. This paper makes a preliminary study on the substitution of offshore renminbi to Hong Kong dollar in the course of the development of offshore market of RMB in Hong Kong. The full text can be divided into six parts: the first part is the introduction. Mainly elaborated the research background and the domestic and foreign regarding the currency substitution theory research present situation; The second part summarizes the development of RMB offshore market in Hong Kong and expounds the scale and influence of its development. The third part is to measure the degree of substitution of offshore RMB to Hong Kong currency brought about by the development of offshore market in Hong Kong, to prove the strength of RMB in Hong Kong and to analyze the relevant factors that affect the substitution of Hong Kong dollar. The 4th part is an empirical analysis of the factors that affect the offshore RMB replacing Hong Kong dollar. Part 5th discusses the impact of RMB phenomenon in Hong Kong and the countermeasures to be taken in the future development. The last part is the conclusion of the article, which summarizes the research results of five parts, and draws some conclusions on the impact of the development of the offshore market of RMB on Hong Kong dollar substitution.
【学位授予单位】：西南交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.6;F822

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