Open AccessFinancial Innovation in the Field of RMB Internationalization
Author(s) -
Laiyue Wang,
Shen Jing,
Yingjie Wu,
Aletunhan Abdzeyimu
Publication year - 2022
Publication title -
frontiers in business, economics and management
Language(s) - English
Resource type - Journals
ISSN - 2766-824X
DOI - 10.54097/fbem.v3i2.248
Subject(s) - payment , internationalization , renminbi , settlement (finance) , business , database transaction , finance , currency , payment system , digital currency , payment service provider , financial transaction , commerce , economics , international trade , computer science , exchange rate , monetary economics , programming language
Due to the limitations of the traditional financial system, under the background of the general trend of international financial development, the system construction of RMB internationalization has become an important financial innovation and construction project. Therefore, this project studies the financial innovation in the field of RMB internationalization, and puts forward suggestions and assumptions on the construction of the project system. The main research contents of the project include: Research on hardware construction of digital RMB cross-border transaction settlement system based on blockchain infrastructure; Research on the construction and advantages of distributed cross-border payment network based on digital currency; Research on the construction of distributed cross-border payment network and the reform of international monetary system; Research on establishing risk control and supervision system of digital RMB cross-border payment and settlement; Research on guiding third-party payment institutions to expand digital RMB cross-border payment scenarios.