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Academic Journal of Business & Management, 2020, 2(2); doi: 10.25236/AJBM.2020.020210.

Reform of the RMB Exchange Rate System and Future Prospects


Zhang Haochen

Corresponding Author:
Zhang Haochen

Beijing 101 Middle School, Beijing 100091,China


China's RMB exchange rate system has gone through four stages: dual exchange rate system, pegged exchange rate system, exchange rate floating system, and perfecting the mid-price quotation mechanism, which has already made individual achievements. However, China's exchange rate system still has many problems, such as the failure of exchange rate prices to fully reflect market supply and demand levels, as well as much government intervention. In the future, we should continue to improve the market maker system and promote the market-oriented reform of the RMB exchange rate system.


RMB exchange rate system reform; RMB internationalization; RMB reform prospect

Cite This Paper

Zhang Haochen. Reform of the RMB Exchange Rate System and Future Prospects. Academic Journal of Business & Management (2020) Vol. 2, Issue 2: 87-91. https://doi.org/10.25236/AJBM.2020.020210.


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