Exchange Rate Policy in China
Thesis title: | Exchange Rate Policy in China |
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Author: | Zhang, Miao |
Thesis type: | Diploma thesis |
Supervisor: | Brůna, Karel |
Opponents: | Šíma, Ondřej |
Thesis language: | English |
Abstract: | China’s exchange rate regime began to reform in 1978, during these 40 years, the Chinese economy has developed rapidly from many aspects, and the exchange rate system has been reformed many times. First, this thesis will analyse the exchange rate policies of various stages in China after 1978, and the changes in exchange rates under the exchange rate system in different periods and the impact on trade and currency reserves. Second, in 2015 the Renminbi inclusion in the SDR basket is an important step in the internationalisation of the RMB. Although the Renminbi is included in SDR and the Renminbi has been convertible on the current account since 1996, there are still many barriers to financial accounts. Analyse the openness of RMB convertibility and financial accounts, and how foreign investors invest in China. In the end, with Haier Group as a case, introduce the foreign exchange management in Chinese companies and how Chinese multinationals manage foreign exchange fund and choose the best fund management model. |
Keywords: | Financial account; RMB convertibility; Fund management |
Thesis title: | Exchange Rate Policy in China |
---|---|
Author: | Zhang, Miao |
Thesis type: | Diplomová práce |
Supervisor: | Brůna, Karel |
Opponents: | Šíma, Ondřej |
Thesis language: | English |
Abstract: | China’s exchange rate regime began to reform in 1978, during these 40 years, the Chinese economy has developed rapidly from many aspects, and the exchange rate system has been reformed many times. First, this thesis will analyse the exchange rate policies of various stages in China after 1978, and the changes in exchange rates under the exchange rate system in different periods and the impact on trade and currency reserves. Second, in 2015 the Renminbi inclusion in the SDR basket is an important step in the internationalisation of the RMB. Although the Renminbi is included in SDR and the Renminbi has been convertible on the current account since 1996, there are still many barriers to financial accounts. Analyse the openness of RMB convertibility and financial accounts, and how foreign investors invest in China. In the end, with Haier Group as a case, introduce the foreign exchange management in Chinese companies and how Chinese multinationals manage foreign exchange fund and choose the best fund management model. |
Keywords: | Financial account; RMB convertibility; Fund management |
Information about study
Study programme: | Finance and Accounting |
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Type of study programme: | Magisterský studijní program |
Assigned degree: | Ing. |
Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
Faculty: | Faculty of Finance and Accounting |
Department: | Department of Monetary Theory and Policy |
Information on submission and defense
Date of assignment: | 22. 10. 2017 |
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Date of submission: | 13. 5. 2019 |
Date of defense: | 11. 6. 2019 |
Identifier in the InSIS system: | https://insis.vse.cz/zp/63614/podrobnosti |