香港人民币离岸市场对内地货币政策的影响

发布时间：2017-12-31 20:20

本文关键词：香港人民币离岸市场对内地货币政策的影响　出处：《广东外语外贸大学》2015年硕士论文　论文类型：学位论文

【摘要】：目前香港人民币离岸市场已初步成型,人民币存款快增、跨境结算扩容、人民币债券业务成为核心、产品不断创新及清算机制的更新都标志着香港人民币离岸市场进入高速发展时期。但随着香港人民币离岸市场的发展,人民币离岸业务规模的扩大,越来越多的人民币在海外沉淀,其对货币主权国的影响也越来越显著。本文主要针对香港离岸市场对内地货币政策的影响进行研究,分别从利率、汇率、银行体系及资本流动四个方面进行了理论分析,并运用相关数据进行了实证检验。本文综合理论和实证两个方面得出香港人民币离岸市场对内地货币政策具有一定的削弱效应,不过目前该削弱效应相对较小,但随着人民币离岸业务的发展,该削弱效应将愈加显著。故本文为防范其可能带来的风险隐患,完善人民币离岸市场的建设提出了相关政策建议。
[Abstract]:At present, the offshore renminbi market in Hong Kong has taken shape, RMB deposits have increased rapidly, cross-border settlement has been expanded, and RMB bond business has become the core. The continuous innovation of products and the renewal of liquidation mechanism all mark the period of rapid development of offshore RMB market in Hong Kong. However, with the development of offshore market of RMB in Hong Kong, the scale of offshore business of RMB is expanding. More and more RMB precipitation overseas, its influence on the currency sovereign country is more and more obvious. This paper mainly studies the influence of Hong Kong offshore market on the mainland monetary policy, from interest rate and exchange rate respectively. The banking system and capital flow are analyzed in four aspects. This paper concludes that the offshore RMB market in Hong Kong has a certain weakening effect on the mainland monetary policy, but at present, the weakening effect is relatively small. However, with the development of RMB offshore business, the weakening effect will become more and more obvious. Therefore, this paper puts forward some relevant policy suggestions to prevent the potential risks and perfect the construction of RMB offshore market.
【学位授予单位】：广东外语外贸大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F832.6;F822.0

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