developing domestic offshore finance to meet the needs of the real economy
author: gao hao, deng zhichao and xu lei
in recent years, there has been a gradual upsurge in the international use of rmb in china's real economy, leading to a growing potential demand for offshore rmb international settlement, deposits and loans, and other financial services. against such a background, the development of domestic offshore finance with rmb as the main transaction currency is beneficial to meet these financial needs and promote the high-quality development of the real economy. the key to developing domestic offshore finance in china is to deeply understand the needs of the real economy, vigorously develop offshore rmb businesses and products, build an offshore rmb financial system, facilitate the global layout of china's real economy, and steadily advance the internationalization of rmb.
