Research on the Construction of Shanghai International Financial Center from the Perspective of RMB Internationalization
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DOI: 10.23977/ICEMGD2020.062
Corresponding Author
Yuan Zhang
ABSTRACT
By reviewing the history of RMB internationalization, this paper analyzes the new circumstance of RMB internationalization, consequently the necessity of a financial center for China’s onshore financial market, and Shanghai’s superiority being the financial center. Then three suggestions are proposed for Shanghai to build an RMB onshore financial center, including the further opening of the financial market, establishment of market rules, and strengthening risk prevention.
KEYWORDS
RMB internationalization, International Financial Center, Shanghai
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