世界经济研究

中国改革开放以后经历了本币和外币政策的重大变化。2008年金融危机爆发后,人民币国际化不仅成为保护实体企业的一项短期应对措施,而且成为中国一项重要的国际金融战略。推进跨境贸易人民币计算是人民币国际化路线图的重要一步。这一行动取得了一定成果,但是并没有达到预期效果。进一步推进跨境贸易人民币结算的运行面临诸多问题的挑战。在制度层面上,中国需要进一步在不显著改变原有框架下开放金融市场,提高银行业的服务能力和在全球配置资源的能力,完善外汇市场,改善人民币汇率的形成机制。同时要加强亚洲生产网络的建设,逐步改善贸易结构,提高外贸企业的定价能力。

China has experienced the huge changes of domestic currency and foreign currency policy.After the international financial crisis broke out in 2008,the renminbi internationalization was not only a short-run countermeasure to protect the open enterprises,but also a major international financial strategy.To promote the renminbi cross-border trade settlement is a main step of the renminbi internationalization roadmap.This action has got some outcome,but it is far away from the original estimate.The further promotion of the renminbi cross-border trade is facing up many challenges.In institution,China need open the financial market further without changing the old framework significantly,enhance the capability of the service and allocation of global resources,perfect the foreign exchange market,improve the renminbi exchange rate formation.Simultaneously,the Asian production network and the trade structure needs to be improved,and the foreign enterprises pricing power needs to be strengthened.