Experts build the internationalization of RMB to promote the construction of Shanghai Financial Center

October 30 Afternoon news, a number of experts in Shanghai, "the internationalization of RMB and Shanghai Four Center construction" Symposium said that Shanghai to build an international financial center can not be separated from the RMB internationalization.　　March 25 This year, the State Council passed the "on the promotion of Shanghai to build an international financial center and International Shipping Center," The request of Shanghai in 2020 before the basic construction of "with China's economic strength and the international status of the renminbi to adapt to the international financial Center." Experts believe that there is a close relationship between the internationalization of RMB and the construction of Shanghai International Financial Center.　　If we do not prepare for the internationalization of the renminbi, the construction of Shanghai International Financial Center will miss the best time. Restricting the construction of financial center Sufe, director of modern Financial Research Center, Ding Jianping "The Original Sin Theory" to explain the low degree of internationalization of RMB to Shanghai International Financial Center construction constraints: China's Cross-border renminbi settlement business customers are also overseas Chinese or overseas enterprises,　　Local residents ' suspicions about the price transparency of the renminbi have made them reluctant to intervene in the renminbi settlement business. In his view, the localization of the renminbi has hindered the establishment of a corresponding scale of overseas renminbi market. "Without internationalisation of the renminbi, Shanghai's financial centre cannot be expanded into an international financial centre." "Zhang Yuwen, director of the Shanghai Academy of Social Sciences, said that the construction of an international financial centre is not a closed and independent process, it must rely on the overall internationalization of national economy and finance."　　Without the renminbi, there would be no truly international financial centre.　　Xu Zhong, director of the editorial Department of Financial Research, also expressed the same view. Measures to promote the internationalization of RMB to the issue of internationalization of the renminbi, a number of experts put forward suggestions.　　Ding Jianping suggested that the renminbi should be bundled with commodity trading, and the renminbi settlement would be strongly implemented in international transactions with pricing power, such as government procurement.　　In fact, in July 2009, the official launch of the Cross-border trade renminbi settlement business in Shanghai means that the RMB internationalization has taken a substantial key step, but also for the construction of Shanghai International Financial Center installed an "accelerator."　　A number of scholars also said that the mature renminbi bond market is an important prerequisite for Shanghai to become an international financial centre and a prerequisite for the renminbi to become a major reserve currency. Ding Jianping pointed out that compared with the developed countries ' financial markets, China's market structure is unreasonable and the bond market is highly undeveloped.　　Xu Zhong that the bond market, especially the real corporate bond market, is of great significance for the large-scale expansion of the capital market and the construction of an international financial center.　　Shanghai Administration College professor Zhou Shi said that at present, China's bond market procedures cumbersome, the issue of long time shortcomings is the main reason to hinder its development, to encourage the issuance of renminbi bonds and attract foreign companies to the Shanghai issue of bonds, is a short-term breakthrough in the construction of international financial center, but also conducive to the process of Experts believe that the renminbi as an international currency will inevitably undergo a long-term process, including from a singleThe sovereign currency, which gradually becomes the regional settlement currency, the global settlement currency and finally becomes the reserve currency, corresponds to the construction of Shanghai as an international financial center in a real sense, and it should also be a stage development process. (Ann is from Shanghai)