人民币离岸市场法律制度构建——以人民币国际化为视角

Legal System Construction of Renminbi Offshore Market——From the Perspective of Renminbi Internationalization

人民币离岸市场对推动人民币国际化纵深发展和国内金融改革具有重要意义,但目前人民币离岸市场建设仍处于初级阶段,面临许多法律制度问题。欧洲人民币离岸市场存在资金双向流动的严格法律管制,市场规模有限。境内IBF型人民币离岸市场更是处于碎片化地方试点阶段,缺乏系统性离岸市场法律制度规划。完善人民币离岸市场法制,应当以内外分离为原则构建监管法律制度,以保障人民币离岸金融市场的稳定发展,同时需要建立优惠性法律制度以提供市场吸引力和政策驱动力。

Renminbi offshore market is significant for in-depth development of Renminbi internationalization and domestic financial reforms. However, the current construction of Renminbi offshore market is still at its primary stage and faced with many legal issues.The European Renminbi offshore market is suffering from strict legal control of two-way capital flow;hence the market size is limited. IBF Renminbi offshore market is still at the fragmented stage of local pilot exploration,which calls for a systematic,well-planned legal system.In order to improve the legal system of Renminbi offshore market,a regulatory legal system should be built on the principle of outside-inside separation,guaranteeing the stable development of Renminbi offshore market.Meanwhile,a preference system should be established so as to promote market attractiveness and policy driving force.