香港人民币离岸市场发展规模的影响因素分析

发布时间：2018-06-04 06:40

本文选题：离岸金融 + 影响因素　；参考：《辽宁大学》2014年硕士论文

【摘要】：改革开放后，随着我国整体经济实力的持续增强，中国经济和世界经济的日益紧密融合，人民币在国际市场上的流通需求不断增加，，建立人民币离岸市场已成为大势所趋。由于香港金融市场发达，经济实力雄厚，并拥有独特的地理优势，使得香港成为人民币离岸市场的首选之地。香港人民币离岸市场是中国第一个人民币离岸中心，对助推人民币国际化进程具有至关重要的作用。实证分析香港人民币离岸市场发展规模的影响因素，对于未来扩大香港人民币离岸市场的发展规模，进而加快人民币国际化进程具有重要的现实意义。本论文主要研究香港人民币离岸市场发展规模的影响因素，通过计量方法对这些影响因素进行实证分析，提出有利于香港人民币离岸市场发展的政策建议。论文由五部分组成：绪论部分主要阐明研究背景和意义、文献综述、研究内容和方法，以及论文的创新点和不足。第一部分阐述香港离岸金融市场的理论基础，从理论层面阐明建立香港人民币离岸市场的缘由。第二部分考察香港人民币离岸市场的总体发展状况，阐述香港人民币离岸市场的内涵、发展背景、发展历程，并对其发展现状进行分析。第三部分运用计量经济分析方法对影响香港人民币离岸市场发展规模的因素进行实证分析，得出研究结论。第四部分依据实证分析结果，有针对性地提出未来发展香港人民币离岸市场的相关政策建议。本文的研究结论是：境内外人民币利差对香港人民币离岸市场规模有显著且正向的影响；境内金融深化程度越高，越有助于香港人民币离岸市场的发展；境内金融市场越发达，越不利于香港人民币离岸市场的发展；跨境贸易人民币结算发展的越好，越有利于香港人民币离岸市场的发展；经济总量对香港人民币离岸市场规模的影响是正向的。
[Abstract]:After reform and opening up, with the continuous strengthening of China's overall economic strength, the increasingly close integration of China's economy and the world economy, and the increasing demand for RMB circulation in the international market, the establishment of offshore RMB market has become a general trend. Due to its developed financial market, strong economic strength and unique geographical advantages, Hong Kong has become the first choice for the offshore renminbi market. The offshore renminbi market in Hong Kong is China's first offshore currency centre and plays a crucial role in driving the internationalization of the currency. An empirical analysis of the factors influencing the development of the offshore RMB market in Hong Kong is of great practical significance for the future expansion of the offshore market of RMB in Hong Kong and the acceleration of the process of RMB internationalization. This paper mainly studies the influencing factors of the development of offshore RMB market in Hong Kong, and makes an empirical analysis of these factors by means of econometric methods, and puts forward some policy suggestions conducive to the development of offshore RMB market in Hong Kong. The thesis consists of five parts: The introduction mainly expounds the research background and significance, literature review, research contents and methods, as well as innovative points and shortcomings of the paper. The first part expounds the theoretical basis of offshore financial market in Hong Kong and explains the reasons for the establishment of offshore RMB market in Hong Kong. The second part examines the overall development of the offshore RMB market in Hong Kong, expounds the connotation, development background, development process of the offshore market of RMB in Hong Kong, and analyzes the present situation of the development of the offshore market of RMB in Hong Kong. The third part uses the econometric analysis method to analyze the factors that influence the scale of the offshore market of RMB in Hong Kong, and draws the conclusion of the research. The fourth part is based on the results of empirical analysis, and puts forward relevant policy recommendations for the future development of offshore RMB market in Hong Kong. The conclusions of this paper are as follows: the difference between domestic and foreign RMB interest rates has a significant and positive impact on the scale of offshore RMB market in Hong Kong; the higher the degree of domestic financial deepening, the more conducive to the development of the offshore market of RMB in Hong Kong; the more developed the domestic financial market, the more developed the offshore market of RMB in Hong Kong. The development of offshore RMB market in Hong Kong is not conducive to the development of RMB offshore market in Hong Kong; the better the development of RMB settlement in cross-border trade is, the better the development of offshore market of RMB in Hong Kong is; and the positive impact of total economic volume on the offshore market size of RMB in Hong Kong is positive.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.6

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