香港人民币离岸金融市场的监管研究

发布时间：2018-12-17 16:55

【摘要】：香港人民币离岸金融市场的建立与发展不仅有助于形成稳定的人民币汇率圈,而且有利于巩固和提升我国在全球金融市场中的位置和强化金融货币的主动权和话语权,所以,该市场的发展与稳定对我国进行全球金融战略有着不可或缺的意义。但是香港人民币离岸金融市场也存在着各种风险,这些风险严重制约着香港人民币离岸金融市场的健康发展。那么如何降低和减少风险,促进香港人民币离岸金融市场进一步高速发展,成为国内外研究学者和社会公众关注的焦点。基于此,本文对香港人民币离岸金融市场的发展历程和基本情况做出了详细的整理和分析,详细描述了人民币离岸金融市场在发展中存在的风险,并针对该风险提出了有利于香港人民币离岸金融市场健康发展的监管措施。本文主要结构为：第一章对本文研究背景和研究意义做了阐述,在整理分析有关离岸金融市场形成、发展以及国外离岸金融监管的经验研究的基础上,指出了本文研究思路、方法,并说明了研究创新与不足。第二章整理和分析了香港人民币离岸金融市场发展基本历程和现状,并且说明在目前香港人民币离岸金融市场上具有跨境贸易结算额大幅上涨、香港离岸人民币债券规模持续扩大化、股票市场规模较低、开放式离岸与管制式在岸人民币金融市场的影响逐步明显化的特征。第三章主要是详细阐述了香港人民币离岸金融市场发展过程中所可能遇到的风险,主要包括：影响内地金融政策、香港人民币金融市场流出渠道有限、离岸金融市场人民币应用渠道产生的结构性失衡、导致回流机制不健全、冲击银行机构以及不健全的反洗钱机制。第四章分析了香港人民币离岸金融市场的监管作用和特殊性,指出对离岸金融市场的监管具有防范金融危机、保证内地各类金融管制政策有效实施、打击跨境洗钱活动的作用。另外本章还指出在中国特有的背景下,对香港人民币离岸金融市场实施监管的特殊性。第五章详细阐述了针对香港人民币离岸金融市场发展中所遇风险的应对措施,主要包括改善宏观政策调整体系、建立离岸金融市场人民币流动监测体系、强化人民币流出渠道监管机制、审慎扩展人民币回流的投资渠道、合理制定银行监管策略、建设离岸金融市场人才队伍以及建立反洗钱风险防范机制,只有通过这些监管措施才可以保证香港人民币离岸金融市场的健康发展。第六章是对本文做了简要的总结。
[Abstract]:The establishment and development of the offshore RMB financial market in Hong Kong is not only conducive to the formation of a stable RMB exchange rate circle, but also conducive to consolidating and enhancing China's position in the global financial market and strengthening the initiative and voice of the financial currency. The development and stability of the market has an indispensable significance for China's global financial strategy. However, there are also various risks in the offshore RMB financial market in Hong Kong, which seriously restrict the healthy development of the offshore RMB financial market in Hong Kong. So how to reduce and reduce risks and promote the further rapid development of Hong Kong RMB offshore financial market has become the focus of domestic and foreign scholars and the public. Based on this, this paper makes a detailed analysis of the development course and basic situation of the offshore RMB financial market in Hong Kong, and describes the risks in the development of the offshore RMB financial market in detail. In view of this risk, the paper puts forward the supervision measures which are conducive to the healthy development of Hong Kong RMB offshore financial market. The main structure of this paper is as follows: in the first chapter, the research background and significance of this paper are expounded. Based on the analysis of the formation and development of offshore financial markets and the empirical research on offshore financial supervision abroad, the author points out the research ideas of this paper. Method, and explained the research innovation and the insufficiency. The second chapter summarizes and analyzes the basic course and current situation of the development of offshore RMB financial market in Hong Kong, and explains that the cross-border trade settlement volume has increased substantially in the offshore financial market of RMB in Hong Kong at present. The scale of offshore RMB bonds in Hong Kong continues to expand, the stock market is low, and the influence of open offshore and regulated RMB financial markets is gradually becoming obvious. The third chapter mainly elaborates the risks that may be encountered in the development of the offshore RMB financial market in Hong Kong, mainly including: affecting the mainland financial policy, the outflow channels of the RMB financial market in Hong Kong are limited. The structural imbalance of RMB application channel in offshore financial market leads to imperfect backflow mechanism, impingement on banking institutions and unsound anti-money laundering mechanism. The fourth chapter analyzes the regulatory role and particularity of Hong Kong RMB offshore financial market, and points out that the supervision of offshore financial market can prevent financial crisis, ensure the effective implementation of various financial control policies in the mainland, and crack down on cross-border money laundering. In addition, this chapter also points out the particularity of the regulation of offshore RMB financial market in Hong Kong against the background of China. The fifth chapter elaborates the countermeasures against the risks encountered in the development of the offshore RMB financial market in Hong Kong, mainly including improving the macro-policy adjustment system and establishing the RMB flow monitoring system in the offshore financial market. We should strengthen the supervision mechanism of RMB outflow channels, prudently expand the investment channels for RMB return, rationally formulate bank supervision strategies, build a contingent of talents in offshore financial markets, and establish anti-money laundering risk prevention mechanisms. Only through these regulatory measures can we ensure the healthy development of Hong Kong's RMB offshore financial market. The sixth chapter is a brief summary of this paper.
【学位授予单位】：东北财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.7

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