Abstract

With the globalization of the world economy, transnational activities in the financial field are also developing rapidly with a surging trend. Financial globalization has not only become the most critical link in the world economic development, but also the most sensitive link. This paper first analyzes the rise of the US dollar hegemony and the relationship between the global financial crisis and the US dollar hegemony, and believes that the US dollar hegemony not only led to the global economic imbalance, but also led to the global financial crisis that started in the United States in 2008. Then, it discusses the current US dollar hegemony and the improvement of the international status of RMB. Finally, it systematically explains China's financial strategy in the post crisis period, mainly including accelerating the internationalization of RMB; We will vigorously develop multi-level capital markets and gradually establish a modern financial system in which securities finance plays an important role.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call