opportunities and challenges of cross—border rmb settlement business brought to yunnan smes

1、<p>　　Opportunities and Challenges of Cross—border RMB Settlement Business Brought to Yunnan SMEs</p><p>　　Abstract. It is not difficult to see from the records of the current literature， and there was

2、rare discussion about Yunnan SMEs. Perhaps this is related to the degree of regional economic development. With the continuous expansion of China's economic openness， as well as the continuous improvement of the over

3、all economic strength of ASEAN， through the development of the capital market system designed to promote the province's small and medium enterprises， the immediate question worth to be cons</p><p>　　Key

4、words： Cross-Border RMB Settlement； SMES； Opportunities； Challenge </p><p>　　Introduction </p><p>　　SMEs play an important role in the development of regional economies in Yunnan， at the same ti

5、me， with the location advantages of Yunnan Province， inevitably faces the problem of how to enter the ASEAN market in factor endowments conditions driven. Practice shows that based on commodity exchange and direct invest

6、ments on the basis of the strategy of going out， always facing the impact of capital market. This influence is mainly in RMB clearing business conduct. Solely on the content of the cross</p><p>　　It is easy

7、to see from the records of the current literature， there was rare discussion about Yunnan SMEs. Perhaps this is related to the degree of regional economic development. With the continuous expansion of China's economi

8、c openness， as well as the continuous improvement of the overall economic strength of ASEAN， through the development of the capital market system designed to promote the province's small and medium enterprises， the i

9、mmediate question worth to be considered. </p><p>　　Knowledge of Cross-Border RMB Settlement Business </p><p>　　Here， you first need to expand cross-border RMB settlement business awareness of o

10、pportunities and challenges to deconstruction Yunnan SME awareness. </p><p>　　Cross-border trade RMB settlement business connotation. Cross-border RMB settlement by countries allows designated qualified ente

11、rprises on a voluntary basis to RMB declaration and settled in RMB trade balance. Types of business， including import and export letters of credit， collections， remittances （including advances from customers' prepaym

12、ents and cash on delivery） and a variety of billing methods. 　　Popular to speak up， it is a means of payment in foreign trade and investment in RMB. It is</p><p>　　The status quo of cross-border trade RMB s

13、ettlement business. In 2008， the State Council decided to expand the pilot in some areas of trade in goods. April 8， 2009， the State Council executive meeting decided to pilot RMB settlement of cross-border trade in Shan

14、ghai， Guangzhou， Shenzhen， Zhuhai， Dongguan， outside the geographical scope is tentatively scheduled for Hong Kong， Macau， and the ten ASEAN countries （Indonesia， Malaysia， Singapore， Thailand， the Philippines， Vietnam，

15、Laos， Myanmar， Cam</p><p>　　SMEs as the main body of the market economy， its internal provisions it is bound to the pursuit of enterprise value. Realize it or not， the enterprise value of enterprises inside

16、and outside the two aspects of the role. The inherent requirements of the study SME financing， it is mainly for the corporate environment within the discussion. All in all levels to inspect the following， only. </p>

17、;<p>　　It is reasonable to raise funds to carry out the production preparation. One of the inherent requirements of the corporate finance， it is to enterprise production ready funds. However， along with the market

18、 structure， the dynamic evolution of the product marketing system， its own capital stock is difficult to promote the effective functioning of the organization resources. Therefore， the introduction of exogenous funds wil

19、l become an important task in corporate financial management. "Reasonable"</p><p>　　A reasonable allocation of funds for production and sales. After the integration of the internal and external fun

20、ds through corporate financial management will be faced with the problem of how the rational allocation of funds. Available by Marx total circulation of capital formula to achieve conditions： From a static perspective， t

21、he funds allocation consequential coexists sex， pushing the total funds. To this end， funding constraints produce a reasonable allocation of funds through the financia</p><p>　　Thus， in accordance with the c

22、orporate aspects of the flow of funds， it is divided into such three stages： （1） capital reserve. Funds to prepare， including the introduction of exogenous capital， endogenous financing. （2） The use of funds. The use of

23、the funds includes the use of the whole process of enterprise production， sales. （3） The capital return. Corporate capital after the completion of the commodity functions， capital G ` （G+ g） the total amount of back to b

24、usiness cycle. The three stage</p><p>　　The Opportunity Brought to Yunnan SME </p><p>　　According to the above understanding and study of the opportunities brought about by the Yunnan SME from t

25、he following summary. 　　Reduce the cost of exports， promote enterprise exports. Many export enterprises in the past in order to avoid exchange rate risk during the settlement often needed by bank derivatives trading and

26、 the use of financial instruments to lock in the exchange rate risk. However， use of these derivative products， such as forward foreign exchange， will produce a small fortune</p><p>　　Reduce the exchange rat

27、e risk of foreign trade enterprises. For a long time the traditional pattern of U.S. dollar-denominated businesses is very inconvenient. Not only cumbersome， purchase foreign exchange settlement process is very cumbersom

28、e， Also In addition to the bank to pay the fees. The past two years， with the continued appreciation of the yuan， increased the risk of exchange rate changes， coupled with exchange costs up to come and go， so some SMEs o

29、verburdened. Linked to the U.S. dolla</p><p>　　Yunnan SME challenges can be summarized as a greater impact on small profit margins and long single product. SMEs unstable trade relations， smaller profit margi

30、ns， companies do not have the bargaining power， general orders the day of the exchange rate settled. Therefore， with the fluctuations of the U.S. dollar， the trade will be a great exchange rate risk. If the exporting cou

31、ntry is able to accept RMB settlement， SME export transaction costs and risk will decline. At the low end of the value c</p><p>　　In summary， the above will constitute the author's discussion on the them

32、e of the article. </p><p>　　Conclusion </p><p>　　The current international situation， international exchanges become increasingly close. There is an increasingly strong demand in emerging market

33、s and developing countries to strengthen regional cooperation， and the "going out" becomes an objective need. Meanwhile， China has become the world's second-largest economy. The total foreign trade volume r

34、eached 2.97 trillion U.S. dollars in 2010， ranking first in the world. An open， more flexible currency settlement system of our national， corporate a</p><p>　　This Article was financially supported by the ge

35、neral project of the Kunming University of Science and Technology. </p><p>　　References </p><p>　　[1] Li Jihong； Lu Xiaoli； cross-border trade RMB settlement of foreign trade enterprises in Guan

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