Analysis of the Influence Factors of Hong Kong RMB Offshore Market on Speculative Capital Flows in China

DOI

10.2991/icmess-18.2018.63How to use a DOI?

Keywords

Hong Kong RMB offshore market; Foreign speculative funds; The offshore interest rate; The offshore RMB exchange rate

Abstract

Based on the RMB offshore market in Hong Kong, this paper selects the quarterly data from 2009 to 2015 to analyze the factors that influence the speculative capital flows in China. The balance of RMB deposits in Hong Kong has a significant impact on the speculative capital flow in China, and the impact of interest rate differentials and RMB cross-border trade settlement should not be ignored. Based on the empirical conclusions, this paper proposes that we should continue to deepen the reform of interest rate liberation, actively promote the reform of onshore RMB exchange rate formation mechanism, strengthen the supervision of cross-border capital flow in Hong Kong and strengthen international cooperation and experience.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yihong Su
AU  - Qiubin Lin
PY  - 2018/06
DA  - 2018/06
TI  - Analysis of the Influence Factors of Hong Kong RMB Offshore Market on Speculative Capital Flows in China
BT  - Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
PB  - Atlantis Press
SP  - 279
EP  - 282
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-18.2018.63
DO  - 10.2991/icmess-18.2018.63
ID  - Su2018/06
ER  -