香港人民币离岸市场发展的经济效应考察  

A Study on the Economic Effects of Hong Kong RMB Offshore Market

作　　者：石巧荣[1] 

机构地区：[1]广东金融学院国际金融研究中心

出　　处：《亚太经济》2011年第5期142-148,共7页Asia-Pacific Economic Review

基　　金：广东省社科规划项目(GD10XYJ05);广东高校人文社科攻关项目(102GXM79003)的资助

摘　　要：新世纪以来,香港人民币离岸市场在衍生品交易、存款规模、跨境结算系统、债券及股票市场等方面快速发展,对于人民币汇率形成机制的市场化改革、分流大陆过剩流动性、推动人民币国际化和金融开放、便利企业规避汇率风险、降低融资成本等方面发挥了积极作用,但也对大陆宏观金融调控和监管带来了潜在冲击。In the new century, Hong Kong RMB offshore market has been rapidly developing on derivatives; deposits; cross-border clearing system; bond and stock market and so on. It played positive role on guiding market-oriented reforms of exchange rate; dispersing excess liquidity; promoting RMB internationalization and financial opening; facilitating domestic enterprises to avoid exchange rate risk and reduce financing costs. It brought potential impact to domestic macro-financial regulation and supervision yet.

关 键 词：人民币 离岸市场 香港 

分 类 号：F831.5[经济管理—金融学]