8.11汇改对在岸人民币市场和香港离岸人民币市场的价格影响

发布时间：2018-01-06 05:37

  本文关键词：8.11汇改对在岸人民币市场和香港离岸人民币市场的价格影响　出处：《对外经济贸易大学》2017年硕士论文　论文类型：学位论文

  更多相关文章： 8.11汇改 在岸人民币市场 香港离岸人民币市场 价格影响

【摘要】：在我国经济总量迅速增长,对外经济交往不断加深,国家综合实力不断增强的经济背景下,人民币汇率日益成为一个重要的经济变量,提高人民币市场化水平、推动人民币国际化、扩大人民币国际影响力成为汇率改革的主要目标。8.11汇改是我国完善汇率体制,放宽人民币管制,推动人民币市场化的一次重大变革。此次汇改对我国主要的两个人民币市场,在岸人民币市场和香港离岸人民币市场都产生了较大的影响,分析两个市场在汇改后的变化异同点,从中发现两岸市场的联系,有利于更好的发展人民币市场,扩大人民币国际影响力,进而推动人民币国际化进程。本文首先详细介绍了8.11汇改的改革背景和汇改的具体内容,说明了8.11汇改对当前人民币汇率制度的重要性;同时从市场参与主体、交易产品、交易币种、交易方式和清算方式五个方面详细介绍了在岸人民币市场和香港离岸人民币市场,分析总结了两岸市场的异同点;然后详细分析了在岸和香港离岸人民币市场在美元人民币即期和掉期这两个核心产品中的各自变化走势,找出其异同点,分析异同原因和影响关系;最后总结发现在岸人民币市场是香港离岸人民币市场的定价基础,离岸人民币市场对在岸人民币市场具有价格引导作用,两岸市场协同发展共同推动着我国人民币市场建设,因而文章最后在前文的分析总结上提出了深化两岸市场发展的建议。
[Abstract]:In China, the rapid growth of economic aggregate, the foreign economic relations deepening, economic background of national comprehensive strength has been continuously enhanced, the RMB exchange rate has become an important economic variable, improve the RMB market level, to promote the internationalization of RMB, expand the international influence of RMB exchange rate reform has become the main target of.8.11 is to improve the exchange rate reform of exchange rate system I in China, to relax the regulation, to promote a major change in the RMB market. The exchange rate reform of China's two yuan market mainly, have had a great influence in the onshore market and offshore renminbi market in Hongkong, analyze the similarities and differences between the two market changes in the exchange rate reform after the discovery, cross-strait relations from the market that is conducive to better development of the RMB market and expand the international influence of the RMB, and promote the internationalization of the RMB. This paper first introduced the 8.11 The reform of the reform and the reform of the specific content, illustrates the importance of the 8.11 reform of the RMB exchange rate system; at the same time from market participants, trading products, trading currency, five aspects of transaction and settlement method is introduced in detail in the onshore market and offshore renminbi market in Hongkong, analyzed and summarized the cross-strait market similarities and differences; and then a detailed analysis of the changes of the onshore and offshore renminbi market in Hongkong at $two RMB spot and swap the core products in the trend, to find out the similarities and differences, similarities and differences analysis of cause and effect relationship; finally found onshore RMB market pricing is the foundation of Hongkong's offshore RMB market, offshore RMB market in the bank has the effect of the RMB market price guide, both sides of the market to promote the coordinated development of the construction of China's RMB market, and finally in the above The analysis and summary put forward some suggestions to deepen the development of the cross straits market.

【学位授予单位】：对外经济贸易大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.6
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本文编号：1386544