RMB Internationalization and Banks’ Transnational Operation Strategies

DOI

10.2991/assehr.k.211209.493How to use a DOI?

Keywords

RMB Internationalization; Cross-Border Operations of Banks; Strategic Research Design; Analysis and Discussion

Abstract

Since our country successfully launched the pilot program of RMB settlement for cross-border trade in 2009, the internationalization of RMB has made rapid progress and achieved world-renowned achievements. Seizing the strategic opportunity of RMB internationalization to conduct transnational operations is the only way for banks to cope with domestic fierce competition and enhance their international competitiveness. The purpose of this article is to study the application of RMB internationalization and banks’ transnational business strategies. This article first extracts and analyzes the characteristics of our country’s banks’ transnational operations. Based on this, research and analysis of RMB nationalization and banks’ transnational business strategies. This article uses a variety of research methods such as comparative analysis and mathematical statistics to conduct experimental research about this article. The research shows that the profitability of China’s banking industry is gradually increasing. After-tax profits of the Chinese banking industry nearly doubled in 2017-2020, which is closely related to the expansion of the banking industry’s transnational operations.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Hao Wang
PY  - 2021
DA  - 2021/12/15
TI  - RMB Internationalization and Banks’ Transnational Operation Strategies
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 3022
EP  - 3026
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.493
DO  - 10.2991/assehr.k.211209.493
ID  - Wang2021
ER  -