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A Study on the Controling Technology of RMB Exchange Rates

WU Teng-hua

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Abstract

The new RMB exchange rate mechanism sets more higher technical requirements to the exchange rate management.As an important productivity,The RMB exchange rate management techniques provide an important operational skills and technical helping.Inno- vation and the development of the RMB exchange rate management technology will be to further improve the efficiency of the RMB exchange rate management and foreign exchange resources.The RMB exchange rate management techniques has gone through the embryonic stage,the initial stage,wandering stage and rapid development four times;The RMB exchange rate management technology innovation including the RMB exchange rate mechanism management skills,flexible management techniques,risk management technology and information manage- ment technology;The future development direction of the RMB exchange rate management technology should beprimitive type,the primary type,a closed,and extensive and rigidtoa modern,market-based,open,intensive type,and creative type;Meanwhile,in view of RMB exchange rate management technology development constraints,we must pay more attention to the choices of development strategy,such as the development of effective foreign exchange market,strengthening infrastructure construction in the exchange rate,creating the ecological environment of exchange rate and developing financial technology professionals.

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The new RMB exchange rate mechanism sets more higher technical requirements to the exchange rate management.As an important productivity,The RMB exchange rate management techniques provide an important operational skills and technical helping.Inno- vation and the development of the RMB exchange rate management technology will be to further improve the efficiency of the RMB exchange rate management and foreign exchange resources.The RMB exchange rate management techniques has gone through the embryonic stage,the initial stage,wandering stage and rapid development four times;The RMB exchange rate management technology innovation including the RMB exchange rate mechanism management skills,flexible management techniques,risk management technology and information manage- ment technology;The future development direction of the RMB exchange rate management technology should beprimitive type,the primary type,a closed,and extensive and rigidtoa modern,market-based,open,intensive type,and creative type;Meanwhile,in view of RMB exchange rate management technology development constraints,we must pay more attention to the choices of development strategy,such as the development of effective foreign exchange market,strengthening infrastructure construction in the exchange rate,creating the ecological environment of exchange rate and developing financial technology professionals.

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Available abstract

The new RMB exchange rate mechanism sets more higher technical requirements to the exchange rate management.As an important productivity,The RMB exchange rate management techniques provide an important operational skills and technical helping.Inno- vation and the development of the RMB exchange rate management technology will be to further improve the efficiency of the RMB exchange rate management and foreign exchange resources.The RMB exchange rate management techniques has gone through the embryonic stage,the initial stage,wandering stage and rapid development four times;The RMB exchange rate management technology innovation including the RMB exchange rate mechanism management skills,flexible management techniques,risk management technology and information manage- ment technology;The future development direction of the RMB exchange rate management technology should beprimitive type,the primary type,a closed,and extensive and rigidtoa modern,market-based,open,intensive type,and creative type;Meanwhile,in view of RMB exchange rate management technology development constraints,we must pay more attention to the choices of development strategy,such as the development of effective foreign exchange market,strengthening infrastructure construction in the exchange rate,creating the ecological environment of exchange rate and developing financial technology professionals.

Key concepts: Renminbi, Exchange rate, Productivity, Business, Foreign exchange market, Industrial organization, Economics, Finance

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