Research on Chinese Yuan Asean regionalization

Last modified: October 26, 2019
Estimated reading time: 2 min
Project Title: Research on Chinese Yuan Asean regionalization
Author: Ms. Xu Ying
Advisor: Doctor Titanan Sun
Degree: Master of Business Administration
Major: International Master of Business Administration
Faculty: Graduate Schools
Academic year: 2017

Citation

Xu, Ying. (2017). Research on Chinese Yuan Asean regionalization. (Independent study, Master of Business Administration). Bangkok: Siam University.


Abstract

After the 2008 financial crisis, it exposed the weaknesses of the current international monetary system and also changed the status of the US dollar and the Chinese yuan in the ASEAN region. The Chinese yuan is quietly becoming a settlement currency or even a reserve currency recognized by all parties. On the agenda, the internationalization of the Chinese yuan is a systematic strategic financial process: “regionalization, offshorization and internationalization” are the three phases of this strategic process. The basic connotation of regionalization is the ability of the Chinese yuan to assume international currency in the surrounding areas of China. Asian economies hope to effectively resist the impact of the financial crisis by further strengthening regional currency cooperation which provides new opportunities for the development of Chinese yuan regionalization. The China-ASEAN Free Trade Area (CAFTA) was officially launched in 2010. The economic and trade cooperation between the two sides has become increasingly close and the scale has continued to expand. The Chinese yuan as a settlement currency has gradually gained ground in Southeast Asian countries. At the same time, the rapid and steady growth of the Chinese economy and the rapid development of the country’s science and technology have also continuously increased the influence of the Chinese yuan on ASEAN countries. In view of various factors, the conditions for the regionalization of Chinese yuan in the ASEAN region are already in place.

This paper mainly includes the following four parts:

The first part: This part is the introduction part of the article. This article first introduced the research background and significance of the article, then described the research method of the article, and pointed out the innovation and inadequacy of the
article, and finally the Chinese yuan ASEAN. The status quo of regionalization was examined.

The second part: This part is a review of the literature referenced by the article and the theoretical support of the relevant international currency theory for the article.

The third part: Based on the SWOT analysis method to study the advantages, disadvantages, risks and opportunities of Chinese yuan ASEAN regionalization, the article mainly adopts this method to study the regionalization of Chinese yuan in ASEAN.

The fourth part: The comprehensive SWOT analysis method and internationalization related theory analyzed the circulation characteristics of Chinese yuan in ASEAN countries, and pointed out the problems of Chinese yuan ASEAN regionalization.

The fifth part: The last part of the article is mainly to give some operational suggestions for the development of Chinese yuan ASEAN regionalization.

 

Keywords:  Chinese Yuan, Regionalization, ASEAN, SWOT.


Research on Chinese Yuan Asean regionalization

International Master in Business Administration (IMBA), Siam University, Bangkok, Thailand

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