新形势下跨境人民币融资的发展机遇

Cross-border RMB Financing Development Opportunities Under New Situation

跨境人民币结算业务中伴生的跨境人民币融资行为一度引起监管机构和学术界的广泛关注。本文描述了跨境人民币融资产生与发展的政策背景和市场环境,并着重分析了跨境人民币融资与跨境人民币结算、境内货币政策以及《巴塞尔协议Ⅲ》的关系,认为在全球推行宏观审慎管理理念的背景下,银行应将有限的资源用于开展具有真实交易背景、质量较高、满足实体经济需求的跨境人民币融资业务。

A series of cross-border RMB financing products spread concerns of regulatory agencies and scholars. This paper, are appearing in the market, which absorbs the wide- describes the policy background and the market envi- ronment for the generation and development of these products, and analyzes the relationships among cross-border RMB financing, cross-border RMB settlements, the domestic monetary policies as well as the Basel Ⅲ. We believe that, in the context of the global implementation of the concept of macro-prudential supervision, banking sectors should give the priority for cross-border RMB financing businesses with high quality, real trading backgrounds and re- al needs.