Journal of Northeastern University(Social Science) ›› 2017, Vol. 19 ›› Issue (1): 67-72.DOI: 10.15936/j.cnki.1008-3758.2017.01.011

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

ZUO Hai-cong, YANG Meng-sha   

  1. (Law School,Nankai University, Tianjin 300350, China)
  • Received:2016-04-10 Revised:2016-04-10 Online:2017-01-25 Published:2017-01-10
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Abstract:

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.

Key words: Renminbi internationalization, offshore financial market, legal system, regulation system, preference system

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