From 1929 to 1943 , with the currency system changing to the floating exchange rate system , each monetary bloc implemented the strict foreign exchange management , and competed to use the depreciation policy to stimulate the exportation , resulting in " he changes rate war " 这次人民币汇率形成机制改革的内容是,人民币汇率不再钉住单一美元,而是按照我国对外经济发展的实际情况,选择若干种主要货币,赋予相应的权重,组成一个货币篮子。
This system should be improved step by step under the economy development , taking account of the social and economic reality , ensuring no excessive volatility arises , while rmb exchange rate management and adjustment will also require considering the international factors integrated 人民币汇率形成机制的完善应当以我国经济发展的全局出发,充分考虑我国社会、经济的承受能力,避免汇率大幅波动,同时人民币汇率的管理和调整也需要综合考虑国际因素。
She told me that a great majority of her colleagues thought that the three refinements were working well and their introduction two months before the announcement of the reform to the renminbi exchange rate system demonstrated foresight on our part in maintaining monetary stability in hong kong 这位朋友还说她大部分同事都认为三项优化措施发挥很好的成效，而且在人民币汇率形成机制改革出台前两个月推出，证明金管局在维持本港货币稳定方面有先见之明。
In view of the current financial and economic situation in china , the paper proposes that because of the special exchange rate system , influence of dollar devaluation , and the loss of interest rate leverage , china ' s exchange rate policies and interest rate policies do not conflict but work in harmony 结合我国现阶段的实践利率杠杆失效、独特的汇率形成机制，以及受到美元贬值的影响，指出我国汇率政策与利率政策并不相互冲突，而是表现为相互协调和吻合。
In this paper , with the guidance of comprehensive principles in international economics , industry economics , development economics , management sciences and statistics , the feasibility of offshore renminbi finance was explored . through exploring the formation mechanism on how its interest and exchange rate would be formed , offshore renminbi internal operation mechanism was analyzed ; using the international comparison technique , the influence of the offshore remminbi finance and the corresponding operational methods to promote its development were researched . based on these studies , the feasible pathway , expecting risks and corresponding measures were derived ; the comparison superiority and global competitions capability of renminbi were qualitatively and quantitatively studied 本文以国际经济学、产业经济学、发展经济学、管理学、统计学等综合理论为指导,对人民币离岸的可行性进行了探讨;通过探讨离岸人民币利率形成机制和汇率形成机制,对人民币离岸金融内在运行机理进行了分析;采用国际对比的方法,对人民币离岸金融的效应及促进其发展的政策措施进行了分析;并以此为基础,对人民币离岸发展的可行途径、将面临的风险和对策进行了探讨;对人民币比较优势和国际竞争力进行定性和定量研究,为中国入世后进行金融业战略性结构调整提供理论依据,并为政府有关部门提出对策建议。
Therefore , an important part in improving rmb exchange rate regime is to deepen and broaden the foreign exchange market in line with established practice in international foreign exchange market development , form a multi - layered foreign exchange market system with a variety of transaction modes that fully reflects changes in market demand and supply 因此，遵循国际外汇市场发展规律，拓展外汇市场的广度和深度，形成多种交易方式并存、分层有序的外汇市场体系，充分反映市场供求关系的变化，是完善人民币汇率形成机制的重要环节。
The purpose of reforming the foreign exchange institute is to increase the elasticity of the system , and from this , exchange rate can have the function of regulating the economy . the media measure is improving the forming mechanism of exchange rate of rmb . at present , the feasible measures is enlarging the floating region of exchange rate of rmb . firstly , improving the extent of marketization of forming mechanism of exchange rate , including enlarging the floating region of exchange rate of rmb in the inter - bank exchange market , adjusting the policy of exchange position of banks , reforming compulsive exchange settling institute 今后，我国有必要改进人民币有管理的浮动汇率制度，使汇率更多的反映市场供求信号。完善人民币有管理的浮动汇率制度的最终目的，应是改进人民币汇率形成机制，增加人民币汇率制度的弹性，以进一步发挥汇率杠杆对经济的调节作用。当前可以选择的政策措施是扩大人民币汇率的波动区间。
Obtains from the analysis , with the form mechanism of renminbi exchange rate turns to market gradually , the balance of payments of our country influences renminbi exchange rate increasingly . the decision and change of renminbi exchange rate are more and more influenced by the foreign exchange market supply and demand directly 从分析中得出,随着人民币汇率形成机制的逐步市场化,我国国际收支的平衡状况人对人民币汇率的影响越来越大,人民币汇率的决定及变动越来越多地受外汇市场供求关系的直接影响。
In the first place , the formation mechanism of the exchange rate is perfected , that is the exchange rate of renminbi no longer pegs down the us dollar singly , but floats under management according to the supply and demand in the currency market as well as the “ currency basket ” , which is composed of several primary currencies 2005年7月21日,中国人民银行对人民币汇率做出了重大改革。一是完善汇率形成机制。人民币汇率不再单一钉住美元,而是由若干主要货币组成一个“货币篮子” ,实行以市场供求为基础、参考一篮子货币进行调节的、有管理的浮动汇率制度。
But there are still some blemishes existing in the formation mechanism of rmb exchange rate , such as the distortion in formation mechanism of rmb exchange rate , the lack of flexibility , the deficiency of no canonical scale provided for the adjustment , high cost to maintain the rate , the increment of society trade transaction cost and so on 尽管现行人民币汇率形成机制基本上符合中国国情,对促进经济发展发挥了重要的作用,但是实事求是地看,人民币汇率形成机制存在汇率形成机制扭曲、汇率缺乏灵活性或弹性、汇率调整缺乏准确依据、较高的维持成本、增加社会交易成本等缺陷。
