Analysis of the Influence Factors of Hong Kong RMB Offshore Market on Speculative Capital Flows in China
- 10.2991/icmess-18.2018.63How to use a DOI?
- Hong Kong RMB offshore market; Foreign speculative funds; The offshore interest rate; The offshore RMB exchange rate
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.
- © 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/).
Cite this article
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 -