离岸人民币市场发展现状、制约因素与提升路径研究  

Research on the Current Development,Constraints,and Enhancement Path of the Offshore Renminbi Market

作　　者：李艳丰 曹绮雯 何嘉慧 曹瑞春 袁婧鑫 LI Yan-feng;CAO Qi-wen;HE Jia-hui;CAO Rui-chun;YUAN Jing-xin(School of Finance,Hunan University of Finance and Economics,Changsha Hunan 410205)

机构地区：[1]湖南财政经济学院财政金融学院,湖南长沙410205

出　　处：《湖南财政经济学院学报》2025年第1期78-86,共9页Journal of Hunan University of Finance and Economics

基　　金：国家社会科学基金项目“人民币在‘一带一路’沿线国家率先国际化的路径研究”(项目编号:20BJL061);国家级大学生创新创业项目“‘一带一路’建设背景下人民币国际化推进策略研究”(项目编号:202211532019)。

摘　　要：离岸人民币市场能有效提升人民币计价结算、交易媒介与价值储藏功能,推动人民币在国际经济往来中的国际化使用。从离岸人民币流动性供给、投融资货币职能、离岸人民币金融基础设施等方面阐述离岸人民币市场发展现状。离岸人民市场发展存在人民币国际化尚处在初级阶段、在岸与离岸市场的双向循环不充分以及离岸人民币市场深度与广度不足的制约因素。由此,提出离岸人民币市场的发展路径:促进跨境贸易与投资便利化;拓展跨境金融服务丰富离岸人民币产品种类;加强金融基础设施建设以深化金融市场互联互通。The offshore RMB market can effectively enhance the functions of RMB-denominated pricing and settlement,transaction intermediation,and value storage,thereby promoting the international use of RMB in global economic exchanges.This paper elaborates on the development status of the offshore RMB market from three dimensions:liquidity supply of offshore RMB,its functions as a currency for investment and financing,and the construction of offshore RMB financial infrastructure.Current development of the offshore RMB market faces constraints including the nascent stage of RMB internationalization,insufficient two-way circulation between onshore and offshore markets,and inadequate depth and breadth of the offshore RMB market.Therefore,the development pathway for the offshore RMB market should focus on:facilitating cross-border trade and investment liberalization;expanding cross-border financial services to diversify offshore RMB product offerings;strengthening financial infrastructure to deepen interconnectivity between financial markets.

关 键 词：离岸人民币市场 跨境金融服务 金融基础设施 人民币国际化 

分 类 号：F832.6[经济管理—金融学]