沪港通推进人民币国际化的路径分析与风险防范  

Path Analysis and Risk Prevention on Shanghai-Hong Kong Stock Connect Promoting RMB Internationalization

作　　者：郑国姣 杨来科[1] 

机构地区：[1]华东师范大学金融与统计学院

出　　处：《经济体制改革》2015年第4期143-148,共6页Reform of Economic System

基　　金：国家社会科学基金项目"中国对外贸易的隐含碳测度研究"(11BGJ036);教育部人文社会科学规划基金项目"国际贸易与气候变化-我国对外贸易的环境效应评估"(10YJA790221);上海市教育委员会科研创新项目"中国对外经济发展方式转变:基于贸易环境效应的研究"(13YS119)

摘　　要：沪港通是我国资本市场对外开放的重大创新实践,将促进两岸跨境资金流动,推动香港人民币离岸市场发展,进而助推人民币国际化。沪港通通过进一步开放资本项目,发展人民币离岸业务提高了人民币的交易清偿职能。通过倒逼利率汇率的市场化改革稳定人民币的储备货币职能。沪港通在渐进推进人民币国际化的过程中应注意防范汇率波动、资本单向流动与宏观经济波动等各种风险。本文分析了沪港通推进人民币国际化的路径与构建风险应对机制,进而维护金融稳定,稳步金融创新。Shanghai-Hong Kong Stock Connect is a significant innovation practice of China＇s capital market opening up. It will promote cross-border capital flow and develop the offshore RMB market. Then, it promotes the process of RMB internatio-nalization effectively. S-H Stock Connect improves the RMB settlement trade function by opening capital projects further. It consolidates RMB reserve currency functions by reversed transmission of interest rate and exchange rate liberalization reform. S-H Stock Connect should guard against the risks. Such as currency fluctuation, one-way capital flow and fluctuate. We should analysis the path to RMB internationalization and build risk prevention mechanism. Thereby maintaining financial stability and innovating finance market steadily.

关 键 词：沪港通 人民币国际化 路径分析 风险防范对策 

分 类 号：F822.9[经济管理—财政学]