OBU人民幣業務開放對中國大陸台商融資行為之影響

The Impact of deregulating OBU’s Renminbi’s business on financing behavior of Taiwanese Businessman in China

劉佩茵(Pei-Yin Liu)

指導教授 ： 郭怡君

中原大學/商學院/國際經營與貿易研究所/碩士(2012年)

https://doi.org/10.6840/cycu201200241

摘要

台灣和中國基於特殊的歷史背景，在過去，即使兩岸文化相似、語言相通，但在敵對的政治立場與法規禁令下，兩岸的經濟交流有許多限制。隨著時光背景的演變，兩岸逐步鬆綁貿易、投資和金融往來相關限制，基於成本與市場的考量，有越來越多台商將事業版圖拓展到中國。過去，在中國的台商若想借人民幣，其管道相當有限。2008年，爆發金融危機後，相較於其他國際主要貨幣，人民幣表現相對穩定，對台商企業而言，使用人民幣有助於財務風險控管，因此在中國投資的台商，對人民幣的依賴程度逐漸加深。

　　2011年7月21日，台灣金融監督管理委員會宣布（簡稱金管會），在台國際金融業務分行（Offshore Banking Unit, OBU）可以提供客戶人民幣相關業務服務。在中國的台商，可透過國際金融業務分行帳戶進行人民幣融資、存款及人民幣資金操作，對台商而言，此業務提供新的人民幣融資管道。

　　基於以上背景，引發本文研究動機，本研究主要想了解我國金管會開放OBU辦理人民幣相關業務政策後，對台商的融資行為是否有所影響？業務開放究竟是對多數的台商產生益處，還是只對部分台商有所影響？經由問卷設計與調查分析，結果顯示：
1.台商在中國經營企業時，在不同的融資目的下，會使得台商在金管會開放OBU辦理人民幣相關金融業務後，有不同的在台OBU融資意願，其中，當台商的融資目的為資本支出與貿易融資，對台商在台OBU辦理融資意願有顯著正面影響。
2.台商在中國的創立時間及貿易型態不同，在金管會開放OBU提供相關人民幣服務法規後，台商在台OBU的融資意願，有顯著影響。越晚期到中國經營企業與貿易型態越複雜的台商，他們在台OBU的融資意願會越高。

關鍵字

國際金融業務分行（OBU） ； 台商融資 ； 人民幣

並列摘要

For special historical background between Taiwan and China, economic communication of Cross-Strait was banned by laws or regulations. As time passed, the trading, investments and finances between Taiwan and China have become frequently and the relative restrictions were loosened step by step. China is vast and rich in resources, the investment costs are relatively lower than in Taiwan. To reduce operating costs and expand production scale, Taiwanese businessmen started to set up factories one after another in Mainland China. In the past, the financial channel of Renmibi (RMB) to Taiwanese businessmen in China was limited. Due to the financial crisis happened in 2008, the fluctuation of exchange rate caused serious problems to import and export enterprises. RMB is relatively stable than other currency and being preferred by Taiwanese business for their financial risk controlling. Hence, the dependence of Taiwanese businessmen on RMB had increased.
　　On July 21 2011, Taiwan Financial Supervisory Commission announced that banks in Taiwan can serve their customers RMB’s business on the service of their offshore banking unit (OBU). After that, Taiwanese businessman in China can financing RMB from OBU account and operate by OBU’s RMB’s business, which is a RMB finance channel for Taiwanese businessman.
　　The main purpose of this study is to survey the impact of such policy deregulation and try to know will Taiwanese businessman change their financing behavior after the deregulating of OBU’s RMB business. This study finds, when doing business in China, in case of different financing purposes, Taiwanese businessmen will have different willingness to finance via OBU in Taiwan after the approval by the Financial Supervisory Commission of OBU to implement RMB-related financial businesses. When the financing purpose of the Taiwanese businessmen is capital expenditure or trade financing, it will have a significant impact on the willingness to finance via OBU in Taiwan. After the deregulation of providing RMB-related services to OBU by the Financial Supervisory Commission, different investment time and trading patterns of Taiwanese businessmen in China will significantly affect the willingness to use OBU for financing. Taiwanese businessmen who invest in China more lately and complex trading pattern will have stronger willingness to finance via OBU.

並列關鍵字

Taiwanese businessman ； financing behavior ； offshore banking unit（OBU） ； Renminibi ； Financial behaviort

參考文獻

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中華經濟研究院台灣WTO中心

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