id	sid	tid	token	lemma	pos
ajst-22355	1	1	academic	academic	ADJ
ajst-22355	1	2	journal	journal	NOUN
ajst-22355	1	3	of	of	ADP
ajst-22355	1	4	science	science	NOUN
ajst-22355	1	5	and	and	CCONJ
ajst-22355	1	6	technology	technology	NOUN
ajst-22355	1	7	issn	issn	NOUN
ajst-22355	1	8	:	:	PUNCT
ajst-22355	1	9	2771	2771	NUM
ajst-22355	1	10	-	-	SYM
ajst-22355	1	11	3032	3032	NUM
ajst-22355	1	12	|	|	NOUN
ajst-22355	1	13	vol	vol	NOUN
ajst-22355	1	14	.	.	PROPN
ajst-22355	2	1	11	11	NUM
ajst-22355	2	2	,	,	PUNCT
ajst-22355	2	3	no	no	INTJ
ajst-22355	2	4	.	.	NOUN
ajst-22355	2	5	2	2	NUM
ajst-22355	2	6	,	,	PUNCT
ajst-22355	2	7	2024	2024	NUM
ajst-22355	2	8	139	139	NUM
ajst-22355	2	9	study	study	NOUN
ajst-22355	2	10	on	on	ADP
ajst-22355	2	11	the	the	DET
ajst-22355	2	12	development	development	NOUN
ajst-22355	2	13	of	of	ADP
ajst-22355	2	14	offshore	offshore	ADJ
ajst-22355	2	15	rmb	rmb	NOUN
ajst-22355	2	16	market	market	NOUN
ajst-22355	2	17	and	and	CCONJ
ajst-22355	2	18	its	its	PRON
ajst-22355	2	19	impact	impact	NOUN
ajst-22355	2	20	on	on	ADP
ajst-22355	2	21	the	the	DET
ajst-22355	2	22	international	international	ADJ
ajst-22355	2	23	financial	financial	ADJ
ajst-22355	2	24	system	system	NOUN
ajst-22355	2	25	weihua	weihua	PROPN
ajst-22355	2	26	sun	sun	PROPN
ajst-22355	2	27	school	school	PROPN
ajst-22355	2	28	of	of	ADP
ajst-22355	2	29	international	international	ADJ
ajst-22355	2	30	business	business	NOUN
ajst-22355	2	31	,	,	PUNCT
ajst-22355	2	32	yunnan	yunnan	PROPN
ajst-22355	2	33	university	university	PROPN
ajst-22355	2	34	of	of	ADP
ajst-22355	2	35	finance	finance	NOUN
ajst-22355	2	36	and	and	CCONJ
ajst-22355	2	37	economics	economic	NOUN
ajst-22355	2	38	,	,	PUNCT
ajst-22355	2	39	kunming	kunming	PROPN
ajst-22355	2	40	yunnan	yunnan	PROPN
ajst-22355	2	41	650021	650021	NUM
ajst-22355	2	42	,	,	PUNCT
ajst-22355	2	43	china	china	PROPN
ajst-22355	2	44	abstract	abstract	PROPN
ajst-22355	2	45	:	:	PUNCT
ajst-22355	2	46	the	the	DET
ajst-22355	2	47	internationalization	internationalization	NOUN
ajst-22355	2	48	of	of	ADP
ajst-22355	2	49	the	the	DET
ajst-22355	2	50	chinese	chinese	PROPN
ajst-22355	2	51	yuan	yuan	PROPN
ajst-22355	2	52	responds	respond	VERB
ajst-22355	2	53	to	to	ADP
ajst-22355	2	54	challenges	challenge	NOUN
ajst-22355	2	55	with	with	ADP
ajst-22355	2	56	the	the	DET
ajst-22355	2	57	us	us	PROPN
ajst-22355	2	58	dollar	dollar	NOUN
ajst-22355	2	59	's	's	PART
ajst-22355	2	60	dominance	dominance	NOUN
ajst-22355	2	61	,	,	PUNCT
ajst-22355	2	62	spurred	spur	VERB
ajst-22355	2	63	by	by	ADP
ajst-22355	2	64	events	event	NOUN
ajst-22355	2	65	like	like	ADP
ajst-22355	2	66	the	the	DET
ajst-22355	2	67	subprime	subprime	ADJ
ajst-22355	2	68	crisis	crisis	NOUN
ajst-22355	2	69	and	and	CCONJ
ajst-22355	2	70	unlimited	unlimited	ADJ
ajst-22355	2	71	quantitative	quantitative	ADJ
ajst-22355	2	72	easing	easing	NOUN
ajst-22355	2	73	.	.	PUNCT
ajst-22355	3	1	china	china	PROPN
ajst-22355	3	2	's	's	PART
ajst-22355	3	3	economic	economic	ADJ
ajst-22355	3	4	stature	stature	NOUN
ajst-22355	3	5	necessitates	necessitate	VERB
ajst-22355	3	6	yuan	yuan	PROPN
ajst-22355	3	7	's	's	PART
ajst-22355	3	8	global	global	ADJ
ajst-22355	3	9	role	role	NOUN
ajst-22355	3	10	.	.	PUNCT
ajst-22355	4	1	its	its	PRON
ajst-22355	4	2	journey	journey	NOUN
ajst-22355	4	3	involves	involve	VERB
ajst-22355	4	4	five	five	NUM
ajst-22355	4	5	stages	stage	NOUN
ajst-22355	4	6	,	,	PUNCT
ajst-22355	4	7	from	from	ADP
ajst-22355	4	8	border	border	NOUN
ajst-22355	4	9	trade	trade	NOUN
ajst-22355	4	10	usage	usage	NOUN
ajst-22355	4	11	to	to	ADP
ajst-22355	4	12	sdr	sdr	PROPN
ajst-22355	4	13	inclusion	inclusion	NOUN
ajst-22355	4	14	and	and	CCONJ
ajst-22355	4	15	presence	presence	NOUN
ajst-22355	4	16	in	in	ADP
ajst-22355	4	17	global	global	ADJ
ajst-22355	4	18	indices	index	NOUN
ajst-22355	4	19	.	.	PUNCT
ajst-22355	5	1	offshore	offshore	ADJ
ajst-22355	5	2	markets	market	NOUN
ajst-22355	5	3	are	be	AUX
ajst-22355	5	4	pivotal	pivotal	ADJ
ajst-22355	5	5	,	,	PUNCT
ajst-22355	5	6	facilitating	facilitate	VERB
ajst-22355	5	7	capital	capital	NOUN
ajst-22355	5	8	flows	flow	NOUN
ajst-22355	5	9	and	and	CCONJ
ajst-22355	5	10	meeting	meet	VERB
ajst-22355	5	11	investor	investor	NOUN
ajst-22355	5	12	needs	need	NOUN
ajst-22355	5	13	.	.	PUNCT
ajst-22355	6	1	financial	financial	ADJ
ajst-22355	6	2	regulatory	regulatory	ADJ
ajst-22355	6	3	reforms	reform	NOUN
ajst-22355	6	4	align	align	VERB
ajst-22355	6	5	with	with	ADP
ajst-22355	6	6	market	market	NOUN
ajst-22355	6	7	dynamics	dynamic	NOUN
ajst-22355	6	8	,	,	PUNCT
ajst-22355	6	9	enhancing	enhance	VERB
ajst-22355	6	10	transparency	transparency	NOUN
ajst-22355	6	11	and	and	CCONJ
ajst-22355	6	12	stability	stability	NOUN
ajst-22355	6	13	.	.	PUNCT
ajst-22355	7	1	this	this	DET
ajst-22355	7	2	study	study	NOUN
ajst-22355	7	3	explores	explore	VERB
ajst-22355	7	4	the	the	DET
ajst-22355	7	5	symbiotic	symbiotic	ADJ
ajst-22355	7	6	relationship	relationship	NOUN
ajst-22355	7	7	between	between	ADP
ajst-22355	7	8	yuan	yuan	NOUN
ajst-22355	7	9	internationalization	internationalization	NOUN
ajst-22355	7	10	and	and	CCONJ
ajst-22355	7	11	financial	financial	ADJ
ajst-22355	7	12	regulatory	regulatory	ADJ
ajst-22355	7	13	reforms	reform	NOUN
ajst-22355	7	14	,	,	PUNCT
ajst-22355	7	15	offering	offer	VERB
ajst-22355	7	16	theoretical	theoretical	ADJ
ajst-22355	7	17	insights	insight	NOUN
ajst-22355	7	18	and	and	CCONJ
ajst-22355	7	19	policy	policy	NOUN
ajst-22355	7	20	recommendations	recommendation	NOUN
ajst-22355	7	21	for	for	ADP
ajst-22355	7	22	china	china	PROPN
ajst-22355	7	23	's	's	PART
ajst-22355	7	24	financial	financial	ADJ
ajst-22355	7	25	evolution	evolution	NOUN
ajst-22355	7	26	and	and	CCONJ
ajst-22355	7	27	yuan	yuan	NOUN
ajst-22355	7	28	's	's	PART
ajst-22355	7	29	global	global	ADJ
ajst-22355	7	30	ascent	ascent	NOUN
ajst-22355	7	31	.	.	PUNCT
ajst-22355	8	1	keywords	keyword	NOUN
ajst-22355	8	2	:	:	PUNCT
ajst-22355	8	3	offshore	offshore	ADJ
ajst-22355	8	4	market	market	NOUN
ajst-22355	8	5	;	;	PUNCT
ajst-22355	8	6	internationalization	internationalization	NOUN
ajst-22355	8	7	of	of	ADP
ajst-22355	8	8	renminbi	renminbi	NOUN
ajst-22355	8	9	;	;	PUNCT
ajst-22355	8	10	international	international	ADJ
ajst-22355	8	11	financial	financial	ADJ
ajst-22355	8	12	system	system	NOUN
ajst-22355	8	13	.	.	PUNCT
ajst-22355	9	1	1	1	X
ajst-22355	9	2	.	.	X
ajst-22355	9	3	introduction	introduction	NOUN
ajst-22355	9	4	1.1	1.1	NUM
ajst-22355	9	5	.	.	PUNCT
ajst-22355	10	1	research	research	NOUN
ajst-22355	10	2	background	background	NOUN
ajst-22355	10	3	in	in	ADP
ajst-22355	10	4	the	the	DET
ajst-22355	10	5	context	context	NOUN
ajst-22355	10	6	of	of	ADP
ajst-22355	10	7	globalization	globalization	NOUN
ajst-22355	10	8	,	,	PUNCT
ajst-22355	10	9	currency	currency	NOUN
ajst-22355	10	10	internationalization	internationalization	NOUN
ajst-22355	10	11	has	have	AUX
ajst-22355	10	12	become	become	VERB
ajst-22355	10	13	an	an	DET
ajst-22355	10	14	important	important	ADJ
ajst-22355	10	15	issue	issue	NOUN
ajst-22355	10	16	of	of	ADP
ajst-22355	10	17	concern	concern	NOUN
ajst-22355	10	18	for	for	ADP
ajst-22355	10	19	policymakers	policymaker	NOUN
ajst-22355	10	20	around	around	ADP
ajst-22355	10	21	the	the	DET
ajst-22355	10	22	world	world	NOUN
ajst-22355	10	23	.	.	PUNCT
ajst-22355	11	1	as	as	ADP
ajst-22355	11	2	the	the	DET
ajst-22355	11	3	world	world	NOUN
ajst-22355	11	4	's	's	PART
ajst-22355	11	5	secondlargest	secondlargest	NOUN
ajst-22355	11	6	economy	economy	NOUN
ajst-22355	11	7	,	,	PUNCT
ajst-22355	11	8	china	china	PROPN
ajst-22355	11	9	's	's	PART
ajst-22355	11	10	process	process	NOUN
ajst-22355	11	11	of	of	ADP
ajst-22355	11	12	currency	currency	NOUN
ajst-22355	11	13	internationalization	internationalization	NOUN
ajst-22355	11	14	has	have	AUX
ajst-22355	11	15	attracted	attract	VERB
ajst-22355	11	16	significant	significant	ADJ
ajst-22355	11	17	attention	attention	NOUN
ajst-22355	11	18	.	.	PUNCT
ajst-22355	12	1	the	the	DET
ajst-22355	12	2	internationalization	internationalization	NOUN
ajst-22355	12	3	of	of	ADP
ajst-22355	12	4	the	the	DET
ajst-22355	12	5	renminbi	renminbi	NOUN
ajst-22355	12	6	(	(	PUNCT
ajst-22355	12	7	rmb	rmb	PROPN
ajst-22355	12	8	)	)	PUNCT
ajst-22355	12	9	aims	aim	VERB
ajst-22355	12	10	to	to	PART
ajst-22355	12	11	enhance	enhance	VERB
ajst-22355	12	12	china	china	PROPN
ajst-22355	12	13	's	's	PART
ajst-22355	12	14	position	position	NOUN
ajst-22355	12	15	and	and	CCONJ
ajst-22355	12	16	influence	influence	NOUN
ajst-22355	12	17	in	in	ADP
ajst-22355	12	18	the	the	DET
ajst-22355	12	19	international	international	ADJ
ajst-22355	12	20	financial	financial	ADJ
ajst-22355	12	21	system	system	NOUN
ajst-22355	12	22	,	,	PUNCT
ajst-22355	12	23	achieving	achieve	VERB
ajst-22355	12	24	a	a	DET
ajst-22355	12	25	more	more	ADV
ajst-22355	12	26	balanced	balanced	ADJ
ajst-22355	12	27	and	and	CCONJ
ajst-22355	12	28	stable	stable	ADJ
ajst-22355	12	29	global	global	ADJ
ajst-22355	12	30	economic	economic	ADJ
ajst-22355	12	31	landscape	landscape	NOUN
ajst-22355	12	32	.	.	PUNCT
ajst-22355	13	1	the	the	DET
ajst-22355	13	2	realization	realization	NOUN
ajst-22355	13	3	of	of	ADP
ajst-22355	13	4	this	this	DET
ajst-22355	13	5	goal	goal	NOUN
ajst-22355	13	6	depends	depend	VERB
ajst-22355	13	7	on	on	ADP
ajst-22355	13	8	the	the	DET
ajst-22355	13	9	development	development	NOUN
ajst-22355	13	10	and	and	CCONJ
ajst-22355	13	11	improvement	improvement	NOUN
ajst-22355	13	12	of	of	ADP
ajst-22355	13	13	the	the	DET
ajst-22355	13	14	offshore	offshore	ADJ
ajst-22355	13	15	rmb	rmb	NOUN
ajst-22355	13	16	market	market	NOUN
ajst-22355	13	17	.	.	PUNCT
ajst-22355	14	1	the	the	DET
ajst-22355	14	2	background	background	NOUN
ajst-22355	14	3	of	of	ADP
ajst-22355	14	4	rmb	rmb	PROPN
ajst-22355	14	5	internationalization	internationalization	NOUN
ajst-22355	14	6	stems	stem	VERB
ajst-22355	14	7	from	from	ADP
ajst-22355	14	8	the	the	DET
ajst-22355	14	9	rapid	rapid	ADJ
ajst-22355	14	10	rise	rise	NOUN
ajst-22355	14	11	of	of	ADP
ajst-22355	14	12	the	the	DET
ajst-22355	14	13	chinese	chinese	ADJ
ajst-22355	14	14	economy	economy	NOUN
ajst-22355	14	15	and	and	CCONJ
ajst-22355	14	16	changes	change	NOUN
ajst-22355	14	17	in	in	ADP
ajst-22355	14	18	the	the	DET
ajst-22355	14	19	international	international	ADJ
ajst-22355	14	20	economic	economic	ADJ
ajst-22355	14	21	landscape	landscape	NOUN
ajst-22355	14	22	.	.	PUNCT
ajst-22355	15	1	with	with	ADP
ajst-22355	15	2	china	china	PROPN
ajst-22355	15	3	becoming	become	VERB
ajst-22355	15	4	a	a	DET
ajst-22355	15	5	significant	significant	ADJ
ajst-22355	15	6	participant	participant	NOUN
ajst-22355	15	7	in	in	ADP
ajst-22355	15	8	global	global	ADJ
ajst-22355	15	9	trade	trade	NOUN
ajst-22355	15	10	and	and	CCONJ
ajst-22355	15	11	investment	investment	NOUN
ajst-22355	15	12	,	,	PUNCT
ajst-22355	15	13	its	its	PRON
ajst-22355	15	14	demand	demand	NOUN
ajst-22355	15	15	for	for	ADP
ajst-22355	15	16	foreign	foreign	ADJ
ajst-22355	15	17	trade	trade	NOUN
ajst-22355	15	18	settlement	settlement	NOUN
ajst-22355	15	19	continues	continue	VERB
ajst-22355	15	20	to	to	PART
ajst-22355	15	21	grow	grow	VERB
ajst-22355	15	22	,	,	PUNCT
ajst-22355	15	23	urgently	urgently	ADV
ajst-22355	15	24	requiring	require	VERB
ajst-22355	15	25	a	a	DET
ajst-22355	15	26	more	more	ADV
ajst-22355	15	27	convenient	convenient	ADJ
ajst-22355	15	28	and	and	CCONJ
ajst-22355	15	29	efficient	efficient	ADJ
ajst-22355	15	30	offshore	offshore	ADJ
ajst-22355	15	31	market	market	NOUN
ajst-22355	15	32	to	to	PART
ajst-22355	15	33	support	support	VERB
ajst-22355	15	34	cross	cross	ADJ
ajst-22355	15	35	-	-	ADJ
ajst-22355	15	36	border	border	ADJ
ajst-22355	15	37	transactions	transaction	NOUN
ajst-22355	15	38	.	.	PUNCT
ajst-22355	16	1	moreover	moreover	ADV
ajst-22355	16	2	,	,	PUNCT
ajst-22355	16	3	as	as	ADP
ajst-22355	16	4	the	the	DET
ajst-22355	16	5	world	world	NOUN
ajst-22355	16	6	's	's	PART
ajst-22355	16	7	second	second	ADV
ajst-22355	16	8	-	-	PUNCT
ajst-22355	16	9	largest	large	ADJ
ajst-22355	16	10	economy	economy	NOUN
ajst-22355	16	11	,	,	PUNCT
ajst-22355	16	12	rmb	rmb	NOUN
ajst-22355	16	13	internationalization	internationalization	NOUN
ajst-22355	16	14	is	be	AUX
ajst-22355	16	15	also	also	ADV
ajst-22355	16	16	an	an	DET
ajst-22355	16	17	important	important	ADJ
ajst-22355	16	18	strategic	strategic	ADJ
ajst-22355	16	19	move	move	NOUN
ajst-22355	16	20	for	for	SCONJ
ajst-22355	16	21	china	china	PROPN
ajst-22355	16	22	to	to	PART
ajst-22355	16	23	gradually	gradually	ADV
ajst-22355	16	24	enhance	enhance	VERB
ajst-22355	16	25	its	its	PRON
ajst-22355	16	26	financial	financial	ADJ
ajst-22355	16	27	strength	strength	NOUN
ajst-22355	16	28	and	and	CCONJ
ajst-22355	16	29	increase	increase	VERB
ajst-22355	16	30	its	its	PRON
ajst-22355	16	31	international	international	ADJ
ajst-22355	16	32	discourse	discourse	NOUN
ajst-22355	16	33	power	power	NOUN
ajst-22355	16	34	.	.	PUNCT
ajst-22355	17	1	1.2	1.2	NUM
ajst-22355	17	2	.	.	PUNCT
ajst-22355	17	3	research	research	NOUN
ajst-22355	17	4	significance	significance	NOUN
ajst-22355	17	5	the	the	DET
ajst-22355	17	6	development	development	NOUN
ajst-22355	17	7	of	of	ADP
ajst-22355	17	8	the	the	DET
ajst-22355	17	9	offshore	offshore	ADJ
ajst-22355	17	10	rmb	rmb	NOUN
ajst-22355	17	11	market	market	NOUN
ajst-22355	17	12	holds	hold	VERB
ajst-22355	17	13	significant	significant	ADJ
ajst-22355	17	14	importance	importance	NOUN
ajst-22355	17	15	for	for	ADP
ajst-22355	17	16	both	both	PRON
ajst-22355	17	17	china	china	PROPN
ajst-22355	17	18	and	and	CCONJ
ajst-22355	17	19	the	the	DET
ajst-22355	17	20	global	global	ADJ
ajst-22355	17	21	financial	financial	ADJ
ajst-22355	17	22	system	system	NOUN
ajst-22355	17	23	.	.	PUNCT
ajst-22355	18	1	firstly	firstly	ADV
ajst-22355	18	2	,	,	PUNCT
ajst-22355	18	3	the	the	DET
ajst-22355	18	4	construction	construction	NOUN
ajst-22355	18	5	of	of	ADP
ajst-22355	18	6	the	the	DET
ajst-22355	18	7	offshore	offshore	ADJ
ajst-22355	18	8	rmb	rmb	NOUN
ajst-22355	18	9	market	market	NOUN
ajst-22355	18	10	helps	help	VERB
ajst-22355	18	11	increase	increase	VERB
ajst-22355	18	12	the	the	DET
ajst-22355	18	13	use	use	NOUN
ajst-22355	18	14	of	of	ADP
ajst-22355	18	15	rmb	rmb	NOUN
ajst-22355	18	16	in	in	ADP
ajst-22355	18	17	international	international	ADJ
ajst-22355	18	18	trade	trade	NOUN
ajst-22355	18	19	and	and	CCONJ
ajst-22355	18	20	investment	investment	NOUN
ajst-22355	18	21	,	,	PUNCT
ajst-22355	18	22	reducing	reduce	VERB
ajst-22355	18	23	cross	cross	ADJ
ajst-22355	18	24	-	-	ADJ
ajst-22355	18	25	border	border	ADJ
ajst-22355	18	26	transaction	transaction	NOUN
ajst-22355	18	27	costs	cost	NOUN
ajst-22355	18	28	and	and	CCONJ
ajst-22355	18	29	promoting	promote	VERB
ajst-22355	18	30	global	global	ADJ
ajst-22355	18	31	trade	trade	NOUN
ajst-22355	18	32	and	and	CCONJ
ajst-22355	18	33	capital	capital	NOUN
ajst-22355	18	34	flows	flow	NOUN
ajst-22355	18	35	.	.	PUNCT
ajst-22355	19	1	secondly	secondly	ADV
ajst-22355	19	2	,	,	PUNCT
ajst-22355	19	3	a	a	DET
ajst-22355	19	4	welldeveloped	welldevelope	VERB
ajst-22355	19	5	offshore	offshore	ADJ
ajst-22355	19	6	rmb	rmb	NOUN
ajst-22355	19	7	market	market	NOUN
ajst-22355	19	8	can	can	AUX
ajst-22355	19	9	enhance	enhance	VERB
ajst-22355	19	10	the	the	DET
ajst-22355	19	11	international	international	ADJ
ajst-22355	19	12	competitiveness	competitiveness	NOUN
ajst-22355	19	13	of	of	ADP
ajst-22355	19	14	china	china	PROPN
ajst-22355	19	15	's	's	PART
ajst-22355	19	16	financial	financial	ADJ
ajst-22355	19	17	market	market	NOUN
ajst-22355	19	18	,	,	PUNCT
ajst-22355	19	19	attracting	attract	VERB
ajst-22355	19	20	more	more	ADJ
ajst-22355	19	21	international	international	ADJ
ajst-22355	19	22	capital	capital	NOUN
ajst-22355	19	23	into	into	ADP
ajst-22355	19	24	the	the	DET
ajst-22355	19	25	chinese	chinese	ADJ
ajst-22355	19	26	market	market	NOUN
ajst-22355	19	27	and	and	CCONJ
ajst-22355	19	28	helping	help	VERB
ajst-22355	19	29	china	china	PROPN
ajst-22355	19	30	's	's	PART
ajst-22355	19	31	financial	financial	ADJ
ajst-22355	19	32	system	system	NOUN
ajst-22355	19	33	better	well	ADV
ajst-22355	19	34	integrate	integrate	VERB
ajst-22355	19	35	into	into	ADP
ajst-22355	19	36	the	the	DET
ajst-22355	19	37	global	global	ADJ
ajst-22355	19	38	financial	financial	ADJ
ajst-22355	19	39	system	system	NOUN
ajst-22355	19	40	.	.	PUNCT
ajst-22355	20	1	therefore	therefore	ADV
ajst-22355	20	2	,	,	PUNCT
ajst-22355	20	3	in	in	ADP
ajst-22355	20	4	-	-	PUNCT
ajst-22355	20	5	depth	depth	NOUN
ajst-22355	20	6	research	research	NOUN
ajst-22355	20	7	on	on	ADP
ajst-22355	20	8	the	the	DET
ajst-22355	20	9	development	development	NOUN
ajst-22355	20	10	of	of	ADP
ajst-22355	20	11	the	the	DET
ajst-22355	20	12	offshore	offshore	ADJ
ajst-22355	20	13	rmb	rmb	NOUN
ajst-22355	20	14	market	market	NOUN
ajst-22355	20	15	and	and	CCONJ
ajst-22355	20	16	its	its	PRON
ajst-22355	20	17	impact	impact	NOUN
ajst-22355	20	18	on	on	ADP
ajst-22355	20	19	the	the	DET
ajst-22355	20	20	international	international	ADJ
ajst-22355	20	21	financial	financial	ADJ
ajst-22355	20	22	system	system	NOUN
ajst-22355	20	23	is	be	AUX
ajst-22355	20	24	of	of	ADP
ajst-22355	20	25	great	great	ADJ
ajst-22355	20	26	significance	significance	NOUN
ajst-22355	20	27	for	for	ADP
ajst-22355	20	28	understanding	understand	VERB
ajst-22355	20	29	the	the	DET
ajst-22355	20	30	path	path	NOUN
ajst-22355	20	31	of	of	ADP
ajst-22355	20	32	china	china	PROPN
ajst-22355	20	33	's	's	PART
ajst-22355	20	34	economic	economic	ADJ
ajst-22355	20	35	development	development	NOUN
ajst-22355	20	36	and	and	CCONJ
ajst-22355	20	37	the	the	DET
ajst-22355	20	38	evolution	evolution	NOUN
ajst-22355	20	39	of	of	ADP
ajst-22355	20	40	the	the	DET
ajst-22355	20	41	international	international	ADJ
ajst-22355	20	42	financial	financial	ADJ
ajst-22355	20	43	system	system	NOUN
ajst-22355	20	44	.	.	PUNCT
ajst-22355	21	1	this	this	DET
ajst-22355	21	2	thesis	thesis	NOUN
ajst-22355	21	3	aims	aim	VERB
ajst-22355	21	4	to	to	PART
ajst-22355	21	5	explore	explore	VERB
ajst-22355	21	6	the	the	DET
ajst-22355	21	7	historical	historical	ADJ
ajst-22355	21	8	evolution	evolution	NOUN
ajst-22355	21	9	of	of	ADP
ajst-22355	21	10	the	the	DET
ajst-22355	21	11	offshore	offshore	ADJ
ajst-22355	21	12	rmb	rmb	NOUN
ajst-22355	21	13	market	market	NOUN
ajst-22355	21	14	,	,	PUNCT
ajst-22355	21	15	policy	policy	NOUN
ajst-22355	21	16	adjustments	adjustment	NOUN
ajst-22355	21	17	,	,	PUNCT
ajst-22355	21	18	as	as	ADV
ajst-22355	21	19	well	well	ADV
ajst-22355	21	20	as	as	ADP
ajst-22355	21	21	its	its	PRON
ajst-22355	21	22	position	position	NOUN
ajst-22355	21	23	and	and	CCONJ
ajst-22355	21	24	impact	impact	NOUN
ajst-22355	21	25	in	in	ADP
ajst-22355	21	26	the	the	DET
ajst-22355	21	27	international	international	ADJ
ajst-22355	21	28	financial	financial	ADJ
ajst-22355	21	29	system	system	NOUN
ajst-22355	21	30	,	,	PUNCT
ajst-22355	21	31	in	in	ADP
ajst-22355	21	32	order	order	NOUN
ajst-22355	21	33	to	to	PART
ajst-22355	21	34	provide	provide	VERB
ajst-22355	21	35	theoretical	theoretical	ADJ
ajst-22355	21	36	references	reference	NOUN
ajst-22355	21	37	and	and	CCONJ
ajst-22355	21	38	policy	policy	NOUN
ajst-22355	21	39	recommendations	recommendation	NOUN
ajst-22355	21	40	for	for	ADP
ajst-22355	21	41	the	the	DET
ajst-22355	21	42	process	process	NOUN
ajst-22355	21	43	of	of	ADP
ajst-22355	21	44	rmb	rmb	NOUN
ajst-22355	21	45	internationalization	internationalization	NOUN
ajst-22355	21	46	.	.	PUNCT
ajst-22355	22	1	2	2	X
ajst-22355	22	2	.	.	X
ajst-22355	22	3	literature	literature	PROPN
ajst-22355	22	4	review	review	PROPN
ajst-22355	22	5	agnès	agnès	PROPN
ajst-22355	22	6	bénassy	bénassy	PROPN
ajst-22355	22	7	-	-	PUNCT
ajst-22355	22	8	quéré	quéré	PROPN
ajst-22355	22	9	(	(	PUNCT
ajst-22355	22	10	2014	2014	NUM
ajst-22355	22	11	)	)	PUNCT
ajst-22355	22	12	studied	study	VERB
ajst-22355	22	13	the	the	DET
ajst-22355	22	14	impact	impact	NOUN
ajst-22355	22	15	of	of	ADP
ajst-22355	22	16	including	include	VERB
ajst-22355	22	17	the	the	DET
ajst-22355	22	18	renminbi	renminbi	NOUN
ajst-22355	22	19	in	in	ADP
ajst-22355	22	20	the	the	DET
ajst-22355	22	21	special	special	ADJ
ajst-22355	22	22	drawing	drawing	NOUN
ajst-22355	22	23	rights	right	NOUN
ajst-22355	22	24	(	(	PUNCT
ajst-22355	22	25	sdr	sdr	NOUN
ajst-22355	22	26	)	)	PUNCT
ajst-22355	22	27	currency	currency	NOUN
ajst-22355	22	28	basket	basket	NOUN
ajst-22355	22	29	on	on	ADP
ajst-22355	22	30	its	its	PRON
ajst-22355	22	31	composition	composition	NOUN
ajst-22355	22	32	and	and	CCONJ
ajst-22355	22	33	volatility	volatility	NOUN
ajst-22355	22	34	.	.	PUNCT
ajst-22355	23	1	although	although	SCONJ
ajst-22355	23	2	the	the	DET
ajst-22355	23	3	initial	initial	ADJ
ajst-22355	23	4	impact	impact	NOUN
ajst-22355	23	5	was	be	AUX
ajst-22355	23	6	limited	limit	VERB
ajst-22355	23	7	due	due	ADP
ajst-22355	23	8	to	to	ADP
ajst-22355	23	9	the	the	DET
ajst-22355	23	10	renminbi	renminbi	NOUN
ajst-22355	23	11	's	's	PART
ajst-22355	23	12	limited	limited	ADJ
ajst-22355	23	13	weight	weight	NOUN
ajst-22355	23	14	,	,	PUNCT
ajst-22355	23	15	it	it	PRON
ajst-22355	23	16	is	be	AUX
ajst-22355	23	17	expected	expect	VERB
ajst-22355	23	18	to	to	PART
ajst-22355	23	19	have	have	VERB
ajst-22355	23	20	a	a	DET
ajst-22355	23	21	greater	great	ADJ
ajst-22355	23	22	influence	influence	NOUN
ajst-22355	23	23	in	in	ADP
ajst-22355	23	24	the	the	DET
ajst-22355	23	25	coming	come	VERB
ajst-22355	23	26	decades	decade	NOUN
ajst-22355	23	27	.	.	PUNCT
ajst-22355	24	1	benjamin	benjamin	PROPN
ajst-22355	24	2	keddad	keddad	PROPN
ajst-22355	24	3	(	(	PUNCT
ajst-22355	24	4	2019	2019	NUM
ajst-22355	24	5	)	)	PUNCT
ajst-22355	24	6	used	use	VERB
ajst-22355	24	7	a	a	DET
ajst-22355	24	8	markov	markov	NOUN
ajst-22355	24	9	switching	switch	VERB
ajst-22355	24	10	model	model	NOUN
ajst-22355	24	11	to	to	PART
ajst-22355	24	12	analyze	analyze	VERB
ajst-22355	24	13	the	the	DET
ajst-22355	24	14	exchange	exchange	NOUN
ajst-22355	24	15	rate	rate	NOUN
ajst-22355	24	16	dynamics	dynamic	NOUN
ajst-22355	24	17	between	between	ADP
ajst-22355	24	18	the	the	DET
ajst-22355	24	19	renminbi	renminbi	NOUN
ajst-22355	24	20	and	and	CCONJ
ajst-22355	24	21	seven	seven	NUM
ajst-22355	24	22	east	east	ADJ
ajst-22355	24	23	asian	asian	ADJ
ajst-22355	24	24	currencies	currency	NOUN
ajst-22355	24	25	by	by	ADP
ajst-22355	24	26	estimating	estimate	VERB
ajst-22355	24	27	regime	regime	NOUN
ajst-22355	24	28	correlation	correlation	NOUN
ajst-22355	24	29	and	and	CCONJ
ajst-22355	24	30	time	time	NOUN
ajst-22355	24	31	-	-	PUNCT
ajst-22355	24	32	varying	vary	VERB
ajst-22355	24	33	transition	transition	NOUN
ajst-22355	24	34	probabilities	probability	NOUN
ajst-22355	24	35	.	.	PUNCT
ajst-22355	25	1	the	the	DET
ajst-22355	25	2	results	result	NOUN
ajst-22355	25	3	indicate	indicate	VERB
ajst-22355	25	4	a	a	DET
ajst-22355	25	5	significant	significant	ADJ
ajst-22355	25	6	rise	rise	NOUN
ajst-22355	25	7	in	in	ADP
ajst-22355	25	8	the	the	DET
ajst-22355	25	9	renminbi	renminbi	NOUN
ajst-22355	25	10	's	's	PART
ajst-22355	25	11	role	role	NOUN
ajst-22355	25	12	in	in	ADP
ajst-22355	25	13	east	east	PROPN
ajst-22355	25	14	asia	asia	PROPN
ajst-22355	25	15	,	,	PUNCT
ajst-22355	25	16	especially	especially	ADV
ajst-22355	25	17	with	with	ADP
ajst-22355	25	18	regional	regional	ADJ
ajst-22355	25	19	currencies	currency	NOUN
ajst-22355	25	20	tending	tend	VERB
ajst-22355	25	21	to	to	PART
ajst-22355	25	22	overreact	overreact	VERB
ajst-22355	25	23	to	to	ADP
ajst-22355	25	24	renminbi	renminbi	NOUN
ajst-22355	25	25	depreciation	depreciation	NOUN
ajst-22355	25	26	while	while	SCONJ
ajst-22355	25	27	underreacting	underreacte	VERB
ajst-22355	25	28	to	to	ADP
ajst-22355	25	29	its	its	PRON
ajst-22355	25	30	appreciation	appreciation	NOUN
ajst-22355	25	31	after	after	ADP
ajst-22355	25	32	controlling	control	VERB
ajst-22355	25	33	for	for	ADP
ajst-22355	25	34	global	global	ADJ
ajst-22355	25	35	influences	influence	NOUN
ajst-22355	25	36	and	and	CCONJ
ajst-22355	25	37	exchange	exchange	NOUN
ajst-22355	25	38	market	market	NOUN
ajst-22355	25	39	pressures	pressure	NOUN
ajst-22355	25	40	.	.	PUNCT
ajst-22355	26	1	ramona	ramona	PROPN
ajst-22355	26	2	orastean	orastean	ADJ
ajst-22355	26	3	(	(	PUNCT
ajst-22355	26	4	2013	2013	NUM
ajst-22355	26	5	)	)	PUNCT
ajst-22355	26	6	revealed	reveal	VERB
ajst-22355	26	7	the	the	DET
ajst-22355	26	8	increasing	increase	VERB
ajst-22355	26	9	importance	importance	NOUN
ajst-22355	26	10	of	of	ADP
ajst-22355	26	11	the	the	DET
ajst-22355	26	12	renminbi	renminbi	NOUN
ajst-22355	26	13	as	as	ADP
ajst-22355	26	14	a	a	DET
ajst-22355	26	15	potential	potential	ADJ
ajst-22355	26	16	alternative	alternative	NOUN
ajst-22355	26	17	to	to	ADP
ajst-22355	26	18	the	the	DET
ajst-22355	26	19	us	us	PROPN
ajst-22355	26	20	dollar	dollar	NOUN
ajst-22355	26	21	and	and	CCONJ
ajst-22355	26	22	the	the	DET
ajst-22355	26	23	euro	euro	NOUN
ajst-22355	26	24	or	or	CCONJ
ajst-22355	26	25	as	as	ADP
ajst-22355	26	26	part	part	NOUN
ajst-22355	26	27	of	of	ADP
ajst-22355	26	28	a	a	DET
ajst-22355	26	29	multipolar	multipolar	ADJ
ajst-22355	26	30	international	international	ADJ
ajst-22355	26	31	monetary	monetary	ADJ
ajst-22355	26	32	system	system	NOUN
ajst-22355	26	33	by	by	ADP
ajst-22355	26	34	analyzing	analyze	VERB
ajst-22355	26	35	the	the	DET
ajst-22355	26	36	development	development	NOUN
ajst-22355	26	37	of	of	ADP
ajst-22355	26	38	the	the	DET
ajst-22355	26	39	renminbi	renminbi	NOUN
ajst-22355	26	40	offshore	offshore	ADJ
ajst-22355	26	41	market	market	NOUN
ajst-22355	26	42	.	.	PUNCT
ajst-22355	27	1	tao	tao	PROPN
ajst-22355	27	2	liu	liu	PROPN
ajst-22355	27	3	(	(	PUNCT
ajst-22355	27	4	2019	2019	NUM
ajst-22355	27	5	)	)	PUNCT
ajst-22355	27	6	explained	explain	VERB
ajst-22355	27	7	the	the	DET
ajst-22355	27	8	geographical	geographical	ADJ
ajst-22355	27	9	distribution	distribution	NOUN
ajst-22355	27	10	of	of	ADP
ajst-22355	27	11	international	international	ADJ
ajst-22355	27	12	currency	currency	NOUN
ajst-22355	27	13	usage	usage	NOUN
ajst-22355	27	14	based	base	VERB
ajst-22355	27	15	on	on	ADP
ajst-22355	27	16	the	the	DET
ajst-22355	27	17	swift	swift	ADJ
ajst-22355	27	18	dataset	dataset	NOUN
ajst-22355	27	19	and	and	CCONJ
ajst-22355	27	20	gravity	gravity	NOUN
ajst-22355	27	21	model	model	NOUN
ajst-22355	27	22	,	,	PUNCT
ajst-22355	27	23	finding	find	VERB
ajst-22355	27	24	a	a	DET
ajst-22355	27	25	more	more	ADV
ajst-22355	27	26	regionalized	regionalize	VERB
ajst-22355	27	27	role	role	NOUN
ajst-22355	27	28	for	for	ADP
ajst-22355	27	29	the	the	DET
ajst-22355	27	30	renminbi	renminbi	NOUN
ajst-22355	27	31	.	.	PUNCT
ajst-22355	28	1	it	it	PRON
ajst-22355	28	2	is	be	AUX
ajst-22355	28	3	suggested	suggest	VERB
ajst-22355	28	4	to	to	PART
ajst-22355	28	5	further	far	ADV
ajst-22355	28	6	promote	promote	VERB
ajst-22355	28	7	renminbi	renminbi	NOUN
ajst-22355	28	8	internationalization	internationalization	NOUN
ajst-22355	28	9	through	through	ADP
ajst-22355	28	10	direct	direct	ADJ
ajst-22355	28	11	investment	investment	NOUN
ajst-22355	28	12	under	under	ADP
ajst-22355	28	13	the	the	DET
ajst-22355	28	14	belt	belt	NOUN
ajst-22355	28	15	and	and	CCONJ
ajst-22355	28	16	road	road	NOUN
ajst-22355	28	17	initiative	initiative	NOUN
ajst-22355	28	18	.	.	PUNCT
ajst-22355	29	1	wendy	wendy	PROPN
ajst-22355	29	2	dobson	dobson	PROPN
ajst-22355	29	3	(	(	PUNCT
ajst-22355	29	4	2009	2009	NUM
ajst-22355	29	5	)	)	PUNCT
ajst-22355	29	6	pointed	point	VERB
ajst-22355	29	7	out	out	ADP
ajst-22355	29	8	that	that	SCONJ
ajst-22355	29	9	despite	despite	SCONJ
ajst-22355	29	10	significant	significant	ADJ
ajst-22355	29	11	reforms	reform	NOUN
ajst-22355	29	12	in	in	ADP
ajst-22355	29	13	china	china	PROPN
ajst-22355	29	14	's	's	PART
ajst-22355	29	15	financial	financial	ADJ
ajst-22355	29	16	system	system	NOUN
ajst-22355	29	17	,	,	PUNCT
ajst-22355	29	18	there	there	PRON
ajst-22355	29	19	are	be	VERB
ajst-22355	29	20	still	still	ADV
ajst-22355	29	21	two	two	NUM
ajst-22355	29	22	main	main	ADJ
ajst-22355	29	23	challenges	challenge	NOUN
ajst-22355	29	24	:	:	PUNCT
ajst-22355	29	25	whether	whether	SCONJ
ajst-22355	29	26	the	the	DET
ajst-22355	29	27	authorities	authority	NOUN
ajst-22355	29	28	are	be	AUX
ajst-22355	29	29	willing	willing	ADJ
ajst-22355	29	30	to	to	PART
ajst-22355	29	31	promote	promote	VERB
ajst-22355	29	32	the	the	DET
ajst-22355	29	33	international	international	ADJ
ajst-22355	29	34	use	use	NOUN
ajst-22355	29	35	of	of	ADP
ajst-22355	29	36	the	the	DET
ajst-22355	29	37	renminbi	renminbi	NOUN
ajst-22355	29	38	and	and	CCONJ
ajst-22355	29	39	whether	whether	SCONJ
ajst-22355	29	40	an	an	DET
ajst-22355	29	41	economy	economy	NOUN
ajst-22355	29	42	with	with	ADP
ajst-22355	29	43	strong	strong	ADJ
ajst-22355	29	44	party	party	NOUN
ajst-22355	29	45	control	control	NOUN
ajst-22355	29	46	can	can	AUX
ajst-22355	29	47	gain	gain	VERB
ajst-22355	29	48	international	international	ADJ
ajst-22355	29	49	recognition	recognition	NOUN
ajst-22355	29	50	.	.	PUNCT
ajst-22355	30	1	robert	robert	PROPN
ajst-22355	30	2	n.	n.	PROPN
ajst-22355	30	3	mccauley	mccauley	PROPN
ajst-22355	30	4	(	(	PUNCT
ajst-22355	30	5	2019	2019	NUM
ajst-22355	30	6	)	)	PUNCT
ajst-22355	30	7	argued	argue	VERB
ajst-22355	30	8	that	that	SCONJ
ajst-22355	30	9	the	the	DET
ajst-22355	30	10	concurrent	concurrent	ADJ
ajst-22355	30	11	circulation	circulation	NOUN
ajst-22355	30	12	of	of	ADP
ajst-22355	30	13	the	the	DET
ajst-22355	30	14	renminbi	renminbi	NOUN
ajst-22355	30	15	and	and	CCONJ
ajst-22355	30	16	other	other	ADJ
ajst-22355	30	17	emerging	emerge	VERB
ajst-22355	30	18	market	market	NOUN
ajst-22355	30	19	currencies	currency	NOUN
ajst-22355	30	20	could	could	AUX
ajst-22355	30	21	generate	generate	VERB
ajst-22355	30	22	strong	strong	ADJ
ajst-22355	30	23	portfolio	portfolio	NOUN
ajst-22355	30	24	effects	effect	NOUN
ajst-22355	30	25	,	,	PUNCT
ajst-22355	30	26	encouraging	encourage	VERB
ajst-22355	30	27	the	the	DET
ajst-22355	30	28	renminbi	renminbi	NOUN
ajst-22355	30	29	to	to	PART
ajst-22355	30	30	function	function	VERB
ajst-22355	30	31	both	both	PRON
ajst-22355	30	32	as	as	ADP
ajst-22355	30	33	an	an	DET
ajst-22355	30	34	international	international	ADJ
ajst-22355	30	35	investment	investment	NOUN
ajst-22355	30	36	currency	currency	NOUN
ajst-22355	30	37	and	and	CCONJ
ajst-22355	30	38	as	as	ADP
ajst-22355	30	39	a	a	DET
ajst-22355	30	40	lending	lending	NOUN
ajst-22355	30	41	currency	currency	NOUN
ajst-22355	30	42	.	.	PUNCT
ajst-22355	31	1	to	to	PART
ajst-22355	31	2	advance	advance	VERB
ajst-22355	31	3	140	140	NUM
ajst-22355	31	4	renminbi	renminbi	NOUN
ajst-22355	31	5	internationalization	internationalization	NOUN
ajst-22355	31	6	,	,	PUNCT
ajst-22355	31	7	china	china	PROPN
ajst-22355	31	8	needs	need	VERB
ajst-22355	31	9	effective	effective	ADJ
ajst-22355	31	10	control	control	NOUN
ajst-22355	31	11	over	over	ADP
ajst-22355	31	12	offshore	offshore	ADJ
ajst-22355	31	13	markets	market	NOUN
ajst-22355	31	14	and	and	CCONJ
ajst-22355	31	15	to	to	PART
ajst-22355	31	16	achieve	achieve	VERB
ajst-22355	31	17	this	this	DET
ajst-22355	31	18	goal	goal	NOUN
ajst-22355	31	19	through	through	ADP
ajst-22355	31	20	gradual	gradual	ADJ
ajst-22355	31	21	capital	capital	NOUN
ajst-22355	31	22	opening	opening	NOUN
ajst-22355	31	23	and	and	CCONJ
ajst-22355	31	24	financial	financial	ADJ
ajst-22355	31	25	sector	sector	NOUN
ajst-22355	31	26	reforms	reform	NOUN
ajst-22355	31	27	.	.	PUNCT
ajst-22355	32	1	3	3	X
ajst-22355	32	2	.	.	X
ajst-22355	32	3	renminbi	renminbi	NOUN
ajst-22355	32	4	offshore	offshore	ADJ
ajst-22355	32	5	market	market	NOUN
ajst-22355	32	6	:	:	PUNCT
ajst-22355	32	7	definition	definition	NOUN
ajst-22355	32	8	and	and	CCONJ
ajst-22355	32	9	characteristics	characteristic	NOUN
ajst-22355	32	10	3.1	3.1	NUM
ajst-22355	32	11	.	.	PUNCT
ajst-22355	33	1	concept	concept	NOUN
ajst-22355	33	2	and	and	CCONJ
ajst-22355	33	3	positioning	position	VERB
ajst-22355	33	4	the	the	DET
ajst-22355	33	5	renminbi	renminbi	NOUN
ajst-22355	33	6	offshore	offshore	ADJ
ajst-22355	33	7	market	market	NOUN
ajst-22355	33	8	refers	refer	VERB
ajst-22355	33	9	to	to	ADP
ajst-22355	33	10	the	the	DET
ajst-22355	33	11	market	market	NOUN
ajst-22355	33	12	where	where	SCONJ
ajst-22355	33	13	renminbi	renminbi	NOUN
ajst-22355	33	14	currency	currency	NOUN
ajst-22355	33	15	transactions	transaction	NOUN
ajst-22355	33	16	are	be	AUX
ajst-22355	33	17	conducted	conduct	VERB
ajst-22355	33	18	outside	outside	ADP
ajst-22355	33	19	of	of	ADP
ajst-22355	33	20	mainland	mainland	NOUN
ajst-22355	33	21	china	china	PROPN
ajst-22355	33	22	.	.	PUNCT
ajst-22355	34	1	its	its	PRON
ajst-22355	34	2	primary	primary	ADJ
ajst-22355	34	3	function	function	NOUN
ajst-22355	34	4	is	be	AUX
ajst-22355	34	5	to	to	PART
ajst-22355	34	6	support	support	VERB
ajst-22355	34	7	offshore	offshore	ADJ
ajst-22355	34	8	renminbi	renminbi	NOUN
ajst-22355	34	9	businesses	business	NOUN
ajst-22355	34	10	,	,	PUNCT
ajst-22355	34	11	including	include	VERB
ajst-22355	34	12	issuance	issuance	NOUN
ajst-22355	34	13	,	,	PUNCT
ajst-22355	34	14	trading	trading	NOUN
ajst-22355	34	15	,	,	PUNCT
ajst-22355	34	16	clearing	clearing	NOUN
ajst-22355	34	17	,	,	PUNCT
ajst-22355	34	18	and	and	CCONJ
ajst-22355	34	19	investment	investment	NOUN
ajst-22355	34	20	.	.	PUNCT
ajst-22355	35	1	the	the	DET
ajst-22355	35	2	construction	construction	NOUN
ajst-22355	35	3	of	of	ADP
ajst-22355	35	4	the	the	DET
ajst-22355	35	5	renminbi	renminbi	NOUN
ajst-22355	35	6	offshore	offshore	ADJ
ajst-22355	35	7	market	market	NOUN
ajst-22355	35	8	aims	aim	VERB
ajst-22355	35	9	to	to	PART
ajst-22355	35	10	meet	meet	VERB
ajst-22355	35	11	the	the	DET
ajst-22355	35	12	settlement	settlement	NOUN
ajst-22355	35	13	needs	need	NOUN
ajst-22355	35	14	of	of	ADP
ajst-22355	35	15	cross	cross	ADJ
ajst-22355	35	16	-	-	ADJ
ajst-22355	35	17	border	border	ADJ
ajst-22355	35	18	trade	trade	NOUN
ajst-22355	35	19	and	and	CCONJ
ajst-22355	35	20	investment	investment	NOUN
ajst-22355	35	21	,	,	PUNCT
ajst-22355	35	22	promote	promote	VERB
ajst-22355	35	23	the	the	DET
ajst-22355	35	24	internationalization	internationalization	NOUN
ajst-22355	35	25	of	of	ADP
ajst-22355	35	26	the	the	DET
ajst-22355	35	27	renminbi	renminbi	NOUN
ajst-22355	35	28	,	,	PUNCT
ajst-22355	35	29	and	and	CCONJ
ajst-22355	35	30	enhance	enhance	VERB
ajst-22355	35	31	its	its	PRON
ajst-22355	35	32	position	position	NOUN
ajst-22355	35	33	and	and	CCONJ
ajst-22355	35	34	influence	influence	NOUN
ajst-22355	35	35	in	in	ADP
ajst-22355	35	36	the	the	DET
ajst-22355	35	37	international	international	ADJ
ajst-22355	35	38	financial	financial	ADJ
ajst-22355	35	39	system	system	NOUN
ajst-22355	35	40	.	.	PUNCT
ajst-22355	36	1	in	in	ADP
ajst-22355	36	2	the	the	DET
ajst-22355	36	3	international	international	ADJ
ajst-22355	36	4	financial	financial	ADJ
ajst-22355	36	5	system	system	NOUN
ajst-22355	36	6	,	,	PUNCT
ajst-22355	36	7	the	the	DET
ajst-22355	36	8	renminbi	renminbi	NOUN
ajst-22355	36	9	offshore	offshore	ADJ
ajst-22355	36	10	market	market	NOUN
ajst-22355	36	11	plays	play	VERB
ajst-22355	36	12	a	a	DET
ajst-22355	36	13	pivotal	pivotal	ADJ
ajst-22355	36	14	role	role	NOUN
ajst-22355	36	15	in	in	ADP
ajst-22355	36	16	connecting	connect	VERB
ajst-22355	36	17	china	china	PROPN
ajst-22355	36	18	's	's	PART
ajst-22355	36	19	domestic	domestic	ADJ
ajst-22355	36	20	financial	financial	ADJ
ajst-22355	36	21	market	market	NOUN
ajst-22355	36	22	with	with	ADP
ajst-22355	36	23	the	the	DET
ajst-22355	36	24	international	international	ADJ
ajst-22355	36	25	financial	financial	ADJ
ajst-22355	36	26	market	market	NOUN
ajst-22355	36	27	.	.	PUNCT
ajst-22355	37	1	it	it	PRON
ajst-22355	37	2	serves	serve	VERB
ajst-22355	37	3	as	as	ADP
ajst-22355	37	4	a	a	DET
ajst-22355	37	5	crucial	crucial	ADJ
ajst-22355	37	6	platform	platform	NOUN
ajst-22355	37	7	for	for	ADP
ajst-22355	37	8	china	china	PROPN
ajst-22355	37	9	's	's	PART
ajst-22355	37	10	financial	financial	ADJ
ajst-22355	37	11	market	market	NOUN
ajst-22355	37	12	expansion	expansion	NOUN
ajst-22355	37	13	overseas	overseas	ADV
ajst-22355	37	14	and	and	CCONJ
ajst-22355	37	15	a	a	DET
ajst-22355	37	16	major	major	ADJ
ajst-22355	37	17	channel	channel	NOUN
ajst-22355	37	18	for	for	ADP
ajst-22355	37	19	global	global	ADJ
ajst-22355	37	20	investors	investor	NOUN
ajst-22355	37	21	to	to	PART
ajst-22355	37	22	enter	enter	VERB
ajst-22355	37	23	the	the	DET
ajst-22355	37	24	chinese	chinese	ADJ
ajst-22355	37	25	market	market	NOUN
ajst-22355	37	26	.	.	PUNCT
ajst-22355	38	1	moreover	moreover	ADV
ajst-22355	38	2	,	,	PUNCT
ajst-22355	38	3	the	the	DET
ajst-22355	38	4	renminbi	renminbi	NOUN
ajst-22355	38	5	offshore	offshore	ADJ
ajst-22355	38	6	market	market	NOUN
ajst-22355	38	7	serves	serve	VERB
ajst-22355	38	8	as	as	ADP
ajst-22355	38	9	a	a	DET
ajst-22355	38	10	testing	testing	NOUN
ajst-22355	38	11	ground	ground	NOUN
ajst-22355	38	12	and	and	CCONJ
ajst-22355	38	13	catalyst	catalyst	NOUN
ajst-22355	38	14	for	for	ADP
ajst-22355	38	15	renminbi	renminbi	NOUN
ajst-22355	38	16	internationalization	internationalization	NOUN
ajst-22355	38	17	.	.	PUNCT
ajst-22355	39	1	through	through	ADP
ajst-22355	39	2	continuous	continuous	ADJ
ajst-22355	39	3	innovation	innovation	NOUN
ajst-22355	39	4	and	and	CCONJ
ajst-22355	39	5	development	development	NOUN
ajst-22355	39	6	,	,	PUNCT
ajst-22355	39	7	it	it	PRON
ajst-22355	39	8	drives	drive	VERB
ajst-22355	39	9	the	the	DET
ajst-22355	39	10	increasing	increase	VERB
ajst-22355	39	11	use	use	NOUN
ajst-22355	39	12	of	of	ADP
ajst-22355	39	13	renminbi	renminbi	NOUN
ajst-22355	39	14	in	in	ADP
ajst-22355	39	15	the	the	DET
ajst-22355	39	16	international	international	ADJ
ajst-22355	39	17	economic	economic	ADJ
ajst-22355	39	18	and	and	CCONJ
ajst-22355	39	19	financial	financial	ADJ
ajst-22355	39	20	fields	field	NOUN
ajst-22355	39	21	,	,	PUNCT
ajst-22355	39	22	thereby	thereby	ADV
ajst-22355	39	23	enhancing	enhance	VERB
ajst-22355	39	24	its	its	PRON
ajst-22355	39	25	competitiveness	competitiveness	NOUN
ajst-22355	39	26	in	in	ADP
ajst-22355	39	27	the	the	DET
ajst-22355	39	28	international	international	ADJ
ajst-22355	39	29	financial	financial	ADJ
ajst-22355	39	30	system	system	NOUN
ajst-22355	39	31	.	.	PUNCT
ajst-22355	40	1	3.2	3.2	NUM
ajst-22355	40	2	.	.	PUNCT
ajst-22355	41	1	main	main	ADJ
ajst-22355	41	2	characteristics	characteristic	NOUN
ajst-22355	41	3	3.2.1	3.2.1	NUM
ajst-22355	41	4	.	.	PUNCT
ajst-22355	42	1	regional	regional	ADJ
ajst-22355	42	2	distribution	distribution	NOUN
ajst-22355	42	3	the	the	DET
ajst-22355	42	4	renminbi	renminbi	NOUN
ajst-22355	42	5	offshore	offshore	ADJ
ajst-22355	42	6	market	market	NOUN
ajst-22355	42	7	is	be	AUX
ajst-22355	42	8	primarily	primarily	ADV
ajst-22355	42	9	distributed	distribute	VERB
ajst-22355	42	10	across	across	ADP
ajst-22355	42	11	major	major	ADJ
ajst-22355	42	12	financial	financial	ADJ
ajst-22355	42	13	centers	center	NOUN
ajst-22355	42	14	worldwide	worldwide	ADV
ajst-22355	42	15	,	,	PUNCT
ajst-22355	42	16	such	such	ADJ
ajst-22355	42	17	as	as	ADP
ajst-22355	42	18	hong	hong	PROPN
ajst-22355	42	19	kong	kong	PROPN
ajst-22355	42	20	,	,	PUNCT
ajst-22355	42	21	singapore	singapore	PROPN
ajst-22355	42	22	,	,	PUNCT
ajst-22355	42	23	and	and	CCONJ
ajst-22355	42	24	london	london	PROPN
ajst-22355	42	25	.	.	PUNCT
ajst-22355	43	1	these	these	DET
ajst-22355	43	2	centers	center	NOUN
ajst-22355	43	3	,	,	PUNCT
ajst-22355	43	4	known	know	VERB
ajst-22355	43	5	for	for	ADP
ajst-22355	43	6	their	their	PRON
ajst-22355	43	7	robust	robust	ADJ
ajst-22355	43	8	financial	financial	ADJ
ajst-22355	43	9	infrastructure	infrastructure	NOUN
ajst-22355	43	10	,	,	PUNCT
ajst-22355	43	11	transparent	transparent	ADJ
ajst-22355	43	12	legal	legal	ADJ
ajst-22355	43	13	systems	system	NOUN
ajst-22355	43	14	,	,	PUNCT
ajst-22355	43	15	and	and	CCONJ
ajst-22355	43	16	extensive	extensive	ADJ
ajst-22355	43	17	international	international	ADJ
ajst-22355	43	18	connections	connection	NOUN
ajst-22355	43	19	,	,	PUNCT
ajst-22355	43	20	serve	serve	VERB
ajst-22355	43	21	as	as	ADP
ajst-22355	43	22	crucial	crucial	ADJ
ajst-22355	43	23	platforms	platform	NOUN
ajst-22355	43	24	for	for	ADP
ajst-22355	43	25	renminbi	renminbi	NOUN
ajst-22355	43	26	internationalization	internationalization	NOUN
ajst-22355	43	27	.	.	PUNCT
ajst-22355	44	1	among	among	ADP
ajst-22355	44	2	them	they	PRON
ajst-22355	44	3	,	,	PUNCT
ajst-22355	44	4	hong	hong	PROPN
ajst-22355	44	5	kong	kong	PROPN
ajst-22355	44	6	,	,	PUNCT
ajst-22355	44	7	as	as	ADP
ajst-22355	44	8	one	one	NUM
ajst-22355	44	9	of	of	ADP
ajst-22355	44	10	the	the	DET
ajst-22355	44	11	largest	large	ADJ
ajst-22355	44	12	renminbi	renminbi	NOUN
ajst-22355	44	13	offshore	offshore	ADJ
ajst-22355	44	14	markets	market	NOUN
ajst-22355	44	15	globally	globally	ADV
ajst-22355	44	16	,	,	PUNCT
ajst-22355	44	17	plays	play	VERB
ajst-22355	44	18	a	a	DET
ajst-22355	44	19	pivotal	pivotal	ADJ
ajst-22355	44	20	role	role	NOUN
ajst-22355	44	21	.	.	PUNCT
ajst-22355	45	1	3.2.2	3.2.2	X
ajst-22355	45	2	.	.	PUNCT
ajst-22355	46	1	participants	participant	NOUN
ajst-22355	46	2	participants	participant	NOUN
ajst-22355	46	3	in	in	ADP
ajst-22355	46	4	the	the	DET
ajst-22355	46	5	renminbi	renminbi	NOUN
ajst-22355	46	6	offshore	offshore	ADJ
ajst-22355	46	7	market	market	NOUN
ajst-22355	46	8	include	include	VERB
ajst-22355	46	9	various	various	ADJ
ajst-22355	46	10	types	type	NOUN
ajst-22355	46	11	of	of	ADP
ajst-22355	46	12	financial	financial	ADJ
ajst-22355	46	13	institutions	institution	NOUN
ajst-22355	46	14	,	,	PUNCT
ajst-22355	46	15	enterprises	enterprise	NOUN
ajst-22355	46	16	,	,	PUNCT
ajst-22355	46	17	and	and	CCONJ
ajst-22355	46	18	individuals	individual	NOUN
ajst-22355	46	19	from	from	ADP
ajst-22355	46	20	both	both	CCONJ
ajst-22355	46	21	domestic	domestic	ADJ
ajst-22355	46	22	and	and	CCONJ
ajst-22355	46	23	foreign	foreign	ADJ
ajst-22355	46	24	jurisdictions	jurisdiction	NOUN
ajst-22355	46	25	.	.	PUNCT
ajst-22355	47	1	foreign	foreign	ADJ
ajst-22355	47	2	financial	financial	ADJ
ajst-22355	47	3	institutions	institution	NOUN
ajst-22355	47	4	and	and	CCONJ
ajst-22355	47	5	investors	investor	NOUN
ajst-22355	47	6	play	play	VERB
ajst-22355	47	7	a	a	DET
ajst-22355	47	8	central	central	ADJ
ajst-22355	47	9	role	role	NOUN
ajst-22355	47	10	in	in	ADP
ajst-22355	47	11	the	the	DET
ajst-22355	47	12	renminbi	renminbi	NOUN
ajst-22355	47	13	offshore	offshore	ADJ
ajst-22355	47	14	market	market	NOUN
ajst-22355	47	15	,	,	PUNCT
ajst-22355	47	16	undertaking	undertake	VERB
ajst-22355	47	17	core	core	NOUN
ajst-22355	47	18	responsibilities	responsibility	NOUN
ajst-22355	47	19	such	such	ADJ
ajst-22355	47	20	as	as	ADP
ajst-22355	47	21	renminbi	renminbi	NOUN
ajst-22355	47	22	deposits	deposit	NOUN
ajst-22355	47	23	,	,	PUNCT
ajst-22355	47	24	loans	loan	NOUN
ajst-22355	47	25	,	,	PUNCT
ajst-22355	47	26	and	and	CCONJ
ajst-22355	47	27	investments	investment	NOUN
ajst-22355	47	28	.	.	PUNCT
ajst-22355	48	1	through	through	ADP
ajst-22355	48	2	these	these	DET
ajst-22355	48	3	financial	financial	ADJ
ajst-22355	48	4	activities	activity	NOUN
ajst-22355	48	5	,	,	PUNCT
ajst-22355	48	6	they	they	PRON
ajst-22355	48	7	enhance	enhance	VERB
ajst-22355	48	8	renminbi	renminbi	NOUN
ajst-22355	48	9	liquidity	liquidity	NOUN
ajst-22355	48	10	in	in	ADP
ajst-22355	48	11	the	the	DET
ajst-22355	48	12	international	international	ADJ
ajst-22355	48	13	market	market	NOUN
ajst-22355	48	14	,	,	PUNCT
ajst-22355	48	15	promote	promote	VERB
ajst-22355	48	16	renminbi	renminbi	NOUN
ajst-22355	48	17	internationalization	internationalization	NOUN
ajst-22355	48	18	,	,	PUNCT
ajst-22355	48	19	and	and	CCONJ
ajst-22355	48	20	elevate	elevate	VERB
ajst-22355	48	21	renminbi	renminbi	NOUN
ajst-22355	48	22	's	's	PART
ajst-22355	48	23	status	status	NOUN
ajst-22355	48	24	in	in	ADP
ajst-22355	48	25	the	the	DET
ajst-22355	48	26	global	global	ADJ
ajst-22355	48	27	financial	financial	ADJ
ajst-22355	48	28	system	system	NOUN
ajst-22355	48	29	.	.	PUNCT
ajst-22355	49	1	moreover	moreover	ADV
ajst-22355	49	2	,	,	PUNCT
ajst-22355	49	3	these	these	DET
ajst-22355	49	4	foreign	foreign	ADJ
ajst-22355	49	5	financial	financial	ADJ
ajst-22355	49	6	institutions	institution	NOUN
ajst-22355	49	7	and	and	CCONJ
ajst-22355	49	8	investors	investor	NOUN
ajst-22355	49	9	attract	attract	VERB
ajst-22355	49	10	global	global	ADJ
ajst-22355	49	11	capital	capital	NOUN
ajst-22355	49	12	into	into	ADP
ajst-22355	49	13	the	the	DET
ajst-22355	49	14	offshore	offshore	ADJ
ajst-22355	49	15	market	market	NOUN
ajst-22355	49	16	through	through	ADP
ajst-22355	49	17	diverse	diverse	ADJ
ajst-22355	49	18	renminbi	renminbi	NOUN
ajst-22355	49	19	financial	financial	ADJ
ajst-22355	49	20	products	product	NOUN
ajst-22355	49	21	and	and	CCONJ
ajst-22355	49	22	services	service	NOUN
ajst-22355	49	23	,	,	PUNCT
ajst-22355	49	24	thereby	thereby	ADV
ajst-22355	49	25	driving	drive	VERB
ajst-22355	49	26	the	the	DET
ajst-22355	49	27	market	market	NOUN
ajst-22355	49	28	's	's	PART
ajst-22355	49	29	continuous	continuous	ADJ
ajst-22355	49	30	development	development	NOUN
ajst-22355	49	31	and	and	CCONJ
ajst-22355	49	32	prosperity	prosperity	NOUN
ajst-22355	49	33	.	.	PUNCT
ajst-22355	50	1	3.2.3	3.2.3	X
ajst-22355	50	2	.	.	X
ajst-22355	50	3	trading	trading	NOUN
ajst-22355	50	4	instruments	instrument	NOUN
ajst-22355	50	5	key	key	ADJ
ajst-22355	50	6	trading	trading	NOUN
ajst-22355	50	7	instruments	instrument	NOUN
ajst-22355	50	8	in	in	ADP
ajst-22355	50	9	the	the	DET
ajst-22355	50	10	renminbi	renminbi	NOUN
ajst-22355	50	11	offshore	offshore	ADJ
ajst-22355	50	12	market	market	NOUN
ajst-22355	50	13	include	include	VERB
ajst-22355	50	14	offshore	offshore	ADJ
ajst-22355	50	15	renminbi	renminbi	NOUN
ajst-22355	50	16	deposits	deposit	NOUN
ajst-22355	50	17	,	,	PUNCT
ajst-22355	50	18	offshore	offshore	ADJ
ajst-22355	50	19	renminbi	renminbi	NOUN
ajst-22355	50	20	bonds	bond	NOUN
ajst-22355	50	21	,	,	PUNCT
ajst-22355	50	22	renminbi	renminbi	NOUN
ajst-22355	50	23	foreign	foreign	ADJ
ajst-22355	50	24	exchange	exchange	NOUN
ajst-22355	50	25	markets	market	NOUN
ajst-22355	50	26	,	,	PUNCT
ajst-22355	50	27	and	and	CCONJ
ajst-22355	50	28	renminbi	renminbi	NOUN
ajst-22355	50	29	derivatives	derivative	NOUN
ajst-22355	50	30	markets	market	NOUN
ajst-22355	50	31	.	.	PUNCT
ajst-22355	51	1	among	among	ADP
ajst-22355	51	2	them	they	PRON
ajst-22355	51	3	,	,	PUNCT
ajst-22355	51	4	offshore	offshore	ADJ
ajst-22355	51	5	renminbi	renminbi	NOUN
ajst-22355	51	6	bonds	bond	NOUN
ajst-22355	51	7	are	be	AUX
ajst-22355	51	8	one	one	NUM
ajst-22355	51	9	of	of	ADP
ajst-22355	51	10	the	the	DET
ajst-22355	51	11	core	core	NOUN
ajst-22355	51	12	products	product	NOUN
ajst-22355	51	13	in	in	ADP
ajst-22355	51	14	the	the	DET
ajst-22355	51	15	renminbi	renminbi	NOUN
ajst-22355	51	16	offshore	offshore	ADJ
ajst-22355	51	17	market	market	NOUN
ajst-22355	51	18	,	,	PUNCT
ajst-22355	51	19	with	with	ADP
ajst-22355	51	20	issuance	issuance	NOUN
ajst-22355	51	21	and	and	CCONJ
ajst-22355	51	22	trading	trading	NOUN
ajst-22355	51	23	activities	activity	NOUN
ajst-22355	51	24	increasingly	increasingly	ADV
ajst-22355	51	25	frequent	frequent	ADJ
ajst-22355	51	26	,	,	PUNCT
ajst-22355	51	27	serving	serve	VERB
ajst-22355	51	28	as	as	ADP
ajst-22355	51	29	an	an	DET
ajst-22355	51	30	essential	essential	ADJ
ajst-22355	51	31	means	mean	NOUN
ajst-22355	51	32	to	to	PART
ajst-22355	51	33	attract	attract	VERB
ajst-22355	51	34	foreign	foreign	ADJ
ajst-22355	51	35	investors	investor	NOUN
ajst-22355	51	36	.	.	PUNCT
ajst-22355	52	1	the	the	DET
ajst-22355	52	2	characteristics	characteristic	NOUN
ajst-22355	52	3	of	of	ADP
ajst-22355	52	4	the	the	DET
ajst-22355	52	5	renminbi	renminbi	NOUN
ajst-22355	52	6	offshore	offshore	ADJ
ajst-22355	52	7	market	market	NOUN
ajst-22355	52	8	determine	determine	VERB
ajst-22355	52	9	its	its	PRON
ajst-22355	52	10	position	position	NOUN
ajst-22355	52	11	and	and	CCONJ
ajst-22355	52	12	role	role	NOUN
ajst-22355	52	13	in	in	ADP
ajst-22355	52	14	the	the	DET
ajst-22355	52	15	international	international	ADJ
ajst-22355	52	16	financial	financial	ADJ
ajst-22355	52	17	system	system	NOUN
ajst-22355	52	18	.	.	PUNCT
ajst-22355	53	1	its	its	PRON
ajst-22355	53	2	development	development	NOUN
ajst-22355	53	3	and	and	CCONJ
ajst-22355	53	4	growth	growth	NOUN
ajst-22355	53	5	are	be	AUX
ajst-22355	53	6	of	of	ADP
ajst-22355	53	7	significant	significant	ADJ
ajst-22355	53	8	importance	importance	NOUN
ajst-22355	53	9	for	for	ADP
ajst-22355	53	10	promoting	promote	VERB
ajst-22355	53	11	renminbi	renminbi	NOUN
ajst-22355	53	12	internationalization	internationalization	NOUN
ajst-22355	53	13	and	and	CCONJ
ajst-22355	53	14	enhancing	enhance	VERB
ajst-22355	53	15	the	the	DET
ajst-22355	53	16	international	international	ADJ
ajst-22355	53	17	competitiveness	competitiveness	NOUN
ajst-22355	53	18	of	of	ADP
ajst-22355	53	19	china	china	PROPN
ajst-22355	53	20	's	's	PART
ajst-22355	53	21	financial	financial	ADJ
ajst-22355	53	22	markets	market	NOUN
ajst-22355	53	23	.	.	PUNCT
ajst-22355	54	1	4	4	X
ajst-22355	54	2	.	.	X
ajst-22355	54	3	development	development	NOUN
ajst-22355	54	4	history	history	NOUN
ajst-22355	54	5	of	of	ADP
ajst-22355	54	6	the	the	DET
ajst-22355	54	7	renminbi	renminbi	NOUN
ajst-22355	54	8	offshore	offshore	ADJ
ajst-22355	54	9	market	market	NOUN
ajst-22355	54	10	4.1	4.1	NUM
ajst-22355	54	11	.	.	PUNCT
ajst-22355	55	1	key	key	ADJ
ajst-22355	55	2	phases	phase	NOUN
ajst-22355	55	3	4.1.1	4.1.1	NUM
ajst-22355	55	4	.	.	PUNCT
ajst-22355	55	5	initial	initial	ADJ
ajst-22355	55	6	establishment	establishment	NOUN
ajst-22355	55	7	the	the	DET
ajst-22355	55	8	establishment	establishment	NOUN
ajst-22355	55	9	of	of	ADP
ajst-22355	55	10	the	the	DET
ajst-22355	55	11	renminbi	renminbi	NOUN
ajst-22355	55	12	offshore	offshore	ADJ
ajst-22355	55	13	market	market	NOUN
ajst-22355	55	14	can	can	AUX
ajst-22355	55	15	be	be	AUX
ajst-22355	55	16	traced	trace	VERB
ajst-22355	55	17	back	back	ADV
ajst-22355	55	18	to	to	ADP
ajst-22355	55	19	2003	2003	NUM
ajst-22355	55	20	when	when	SCONJ
ajst-22355	55	21	the	the	DET
ajst-22355	55	22	chinese	chinese	ADJ
ajst-22355	55	23	government	government	NOUN
ajst-22355	55	24	allowed	allow	VERB
ajst-22355	55	25	banks	bank	NOUN
ajst-22355	55	26	in	in	ADP
ajst-22355	55	27	hong	hong	PROPN
ajst-22355	55	28	kong	kong	PROPN
ajst-22355	55	29	to	to	PART
ajst-22355	55	30	conduct	conduct	VERB
ajst-22355	55	31	renminbi	renminbi	NOUN
ajst-22355	55	32	business	business	NOUN
ajst-22355	55	33	,	,	PUNCT
ajst-22355	55	34	marking	mark	VERB
ajst-22355	55	35	the	the	DET
ajst-22355	55	36	initial	initial	ADJ
ajst-22355	55	37	stage	stage	NOUN
ajst-22355	55	38	of	of	ADP
ajst-22355	55	39	the	the	DET
ajst-22355	55	40	renminbi	renminbi	NOUN
ajst-22355	55	41	offshore	offshore	ADJ
ajst-22355	55	42	market	market	NOUN
ajst-22355	55	43	.	.	PUNCT
ajst-22355	56	1	during	during	ADP
ajst-22355	56	2	this	this	DET
ajst-22355	56	3	phase	phase	NOUN
ajst-22355	56	4	,	,	PUNCT
ajst-22355	56	5	the	the	DET
ajst-22355	56	6	government	government	NOUN
ajst-22355	56	7	mainly	mainly	ADV
ajst-22355	56	8	implemented	implement	VERB
ajst-22355	56	9	pilot	pilot	NOUN
ajst-22355	56	10	policies	policy	NOUN
ajst-22355	56	11	to	to	PART
ajst-22355	56	12	gradually	gradually	ADV
ajst-22355	56	13	expand	expand	VERB
ajst-22355	56	14	the	the	DET
ajst-22355	56	15	scope	scope	NOUN
ajst-22355	56	16	of	of	ADP
ajst-22355	56	17	offshore	offshore	ADJ
ajst-22355	56	18	renminbi	renminbi	NOUN
ajst-22355	56	19	business	business	NOUN
ajst-22355	56	20	and	and	CCONJ
ajst-22355	56	21	promote	promote	VERB
ajst-22355	56	22	market	market	NOUN
ajst-22355	56	23	development	development	NOUN
ajst-22355	56	24	.	.	PUNCT
ajst-22355	57	1	4.1.2	4.1.2	X
ajst-22355	57	2	.	.	NOUN
ajst-22355	57	3	accelerated	accelerate	VERB
ajst-22355	57	4	development	development	NOUN
ajst-22355	57	5	period	period	NOUN
ajst-22355	57	6	with	with	ADP
ajst-22355	57	7	the	the	DET
ajst-22355	57	8	chinese	chinese	ADJ
ajst-22355	57	9	government	government	NOUN
ajst-22355	57	10	proposing	propose	VERB
ajst-22355	57	11	the	the	DET
ajst-22355	57	12	strategy	strategy	NOUN
ajst-22355	57	13	of	of	ADP
ajst-22355	57	14	renminbi	renminbi	NOUN
ajst-22355	57	15	internationalization	internationalization	NOUN
ajst-22355	57	16	,	,	PUNCT
ajst-22355	57	17	the	the	DET
ajst-22355	57	18	renminbi	renminbi	NOUN
ajst-22355	57	19	offshore	offshore	ADJ
ajst-22355	57	20	market	market	NOUN
ajst-22355	57	21	entered	enter	VERB
ajst-22355	57	22	an	an	DET
ajst-22355	57	23	accelerated	accelerated	ADJ
ajst-22355	57	24	development	development	NOUN
ajst-22355	57	25	period	period	NOUN
ajst-22355	57	26	.	.	PUNCT
ajst-22355	58	1	in	in	ADP
ajst-22355	58	2	2010	2010	NUM
ajst-22355	58	3	,	,	PUNCT
ajst-22355	58	4	the	the	DET
ajst-22355	58	5	chinese	chinese	ADJ
ajst-22355	58	6	government	government	NOUN
ajst-22355	58	7	announced	announce	VERB
ajst-22355	58	8	the	the	DET
ajst-22355	58	9	establishment	establishment	NOUN
ajst-22355	58	10	of	of	ADP
ajst-22355	58	11	an	an	DET
ajst-22355	58	12	offshore	offshore	ADJ
ajst-22355	58	13	renminbi	renminbi	NOUN
ajst-22355	58	14	clearing	clearing	NOUN
ajst-22355	58	15	bank	bank	NOUN
ajst-22355	58	16	in	in	ADP
ajst-22355	58	17	hong	hong	PROPN
ajst-22355	58	18	kong	kong	PROPN
ajst-22355	58	19	,	,	PUNCT
ajst-22355	58	20	providing	provide	VERB
ajst-22355	58	21	crucial	crucial	ADJ
ajst-22355	58	22	support	support	NOUN
ajst-22355	58	23	for	for	ADP
ajst-22355	58	24	the	the	DET
ajst-22355	58	25	development	development	NOUN
ajst-22355	58	26	of	of	ADP
ajst-22355	58	27	the	the	DET
ajst-22355	58	28	renminbi	renminbi	NOUN
ajst-22355	58	29	offshore	offshore	ADJ
ajst-22355	58	30	market	market	NOUN
ajst-22355	58	31	.	.	PUNCT
ajst-22355	59	1	subsequently	subsequently	ADV
ajst-22355	59	2	,	,	PUNCT
ajst-22355	59	3	the	the	DET
ajst-22355	59	4	government	government	NOUN
ajst-22355	59	5	introduced	introduce	VERB
ajst-22355	59	6	a	a	DET
ajst-22355	59	7	series	series	NOUN
ajst-22355	59	8	of	of	ADP
ajst-22355	59	9	policies	policy	NOUN
ajst-22355	59	10	such	such	ADJ
ajst-22355	59	11	as	as	ADP
ajst-22355	59	12	issuing	issue	VERB
ajst-22355	59	13	offshore	offshore	ADJ
ajst-22355	59	14	renminbi	renminbi	NOUN
ajst-22355	59	15	bonds	bond	NOUN
ajst-22355	59	16	and	and	CCONJ
ajst-22355	59	17	establishing	establish	VERB
ajst-22355	59	18	offshore	offshore	ADJ
ajst-22355	59	19	renminbi	renminbi	NOUN
ajst-22355	59	20	markets	market	NOUN
ajst-22355	59	21	,	,	PUNCT
ajst-22355	59	22	further	far	ADV
ajst-22355	59	23	expanding	expand	VERB
ajst-22355	59	24	the	the	DET
ajst-22355	59	25	breadth	breadth	NOUN
ajst-22355	59	26	and	and	CCONJ
ajst-22355	59	27	depth	depth	NOUN
ajst-22355	59	28	of	of	ADP
ajst-22355	59	29	offshore	offshore	ADJ
ajst-22355	59	30	renminbi	renminbi	NOUN
ajst-22355	59	31	business	business	NOUN
ajst-22355	59	32	.	.	PUNCT
ajst-22355	60	1	4.1.3	4.1.3	X
ajst-22355	60	2	.	.	PUNCT
ajst-22355	60	3	internationalization	internationalization	NOUN
ajst-22355	60	4	promotion	promotion	NOUN
ajst-22355	60	5	period	period	NOUN
ajst-22355	60	6	in	in	ADP
ajst-22355	60	7	recent	recent	ADJ
ajst-22355	60	8	years	year	NOUN
ajst-22355	60	9	,	,	PUNCT
ajst-22355	60	10	the	the	DET
ajst-22355	60	11	chinese	chinese	ADJ
ajst-22355	60	12	government	government	NOUN
ajst-22355	60	13	has	have	AUX
ajst-22355	60	14	intensified	intensify	VERB
ajst-22355	60	15	efforts	effort	NOUN
ajst-22355	60	16	to	to	PART
ajst-22355	60	17	promote	promote	VERB
ajst-22355	60	18	renminbi	renminbi	NOUN
ajst-22355	60	19	internationalization	internationalization	NOUN
ajst-22355	60	20	,	,	PUNCT
ajst-22355	60	21	leading	lead	VERB
ajst-22355	60	22	the	the	DET
ajst-22355	60	23	renminbi	renminbi	NOUN
ajst-22355	60	24	offshore	offshore	ADJ
ajst-22355	60	25	market	market	NOUN
ajst-22355	60	26	into	into	ADP
ajst-22355	60	27	a	a	DET
ajst-22355	60	28	period	period	NOUN
ajst-22355	60	29	of	of	ADP
ajst-22355	60	30	internationalization	internationalization	NOUN
ajst-22355	60	31	promotion	promotion	NOUN
ajst-22355	60	32	.	.	PUNCT
ajst-22355	61	1	in	in	ADP
ajst-22355	61	2	2015	2015	NUM
ajst-22355	61	3	,	,	PUNCT
ajst-22355	61	4	the	the	DET
ajst-22355	61	5	renminbi	renminbi	NOUN
ajst-22355	61	6	was	be	AUX
ajst-22355	61	7	included	include	VERB
ajst-22355	61	8	in	in	ADP
ajst-22355	61	9	the	the	DET
ajst-22355	61	10	international	international	ADJ
ajst-22355	61	11	monetary	monetary	ADJ
ajst-22355	61	12	fund	fund	NOUN
ajst-22355	61	13	's	's	PART
ajst-22355	61	14	special	special	ADJ
ajst-22355	61	15	drawing	drawing	NOUN
ajst-22355	61	16	rights	right	NOUN
ajst-22355	61	17	currency	currency	NOUN
ajst-22355	61	18	basket	basket	NOUN
ajst-22355	61	19	,	,	PUNCT
ajst-22355	61	20	becoming	become	VERB
ajst-22355	61	21	one	one	NUM
ajst-22355	61	22	of	of	ADP
ajst-22355	61	23	the	the	DET
ajst-22355	61	24	world	world	NOUN
ajst-22355	61	25	's	's	PART
ajst-22355	61	26	five	five	NUM
ajst-22355	61	27	reserve	reserve	NOUN
ajst-22355	61	28	currencies	currency	NOUN
ajst-22355	61	29	,	,	PUNCT
ajst-22355	61	30	further	far	ADV
ajst-22355	61	31	enhancing	enhance	VERB
ajst-22355	61	32	the	the	DET
ajst-22355	61	33	international	international	ADJ
ajst-22355	61	34	status	status	NOUN
ajst-22355	61	35	and	and	CCONJ
ajst-22355	61	36	influence	influence	NOUN
ajst-22355	61	37	of	of	ADP
ajst-22355	61	38	the	the	DET
ajst-22355	61	39	renminbi	renminbi	NOUN
ajst-22355	61	40	.	.	PUNCT
ajst-22355	62	1	meanwhile	meanwhile	ADV
ajst-22355	62	2	,	,	PUNCT
ajst-22355	62	3	the	the	DET
ajst-22355	62	4	chinese	chinese	ADJ
ajst-22355	62	5	government	government	NOUN
ajst-22355	62	6	has	have	AUX
ajst-22355	62	7	promoted	promote	VERB
ajst-22355	62	8	the	the	DET
ajst-22355	62	9	connectivity	connectivity	NOUN
ajst-22355	62	10	between	between	ADP
ajst-22355	62	11	the	the	DET
ajst-22355	62	12	renminbi	renminbi	NOUN
ajst-22355	62	13	offshore	offshore	ADJ
ajst-22355	62	14	market	market	NOUN
ajst-22355	62	15	and	and	CCONJ
ajst-22355	62	16	other	other	ADJ
ajst-22355	62	17	international	international	ADJ
ajst-22355	62	18	financial	financial	ADJ
ajst-22355	62	19	markets	market	NOUN
ajst-22355	62	20	,	,	PUNCT
ajst-22355	62	21	strengthening	strengthen	VERB
ajst-22355	62	22	the	the	DET
ajst-22355	62	23	exchange	exchange	NOUN
ajst-22355	62	24	and	and	CCONJ
ajst-22355	62	25	cooperation	cooperation	NOUN
ajst-22355	62	26	between	between	ADP
ajst-22355	62	27	the	the	DET
ajst-22355	62	28	renminbi	renminbi	NOUN
ajst-22355	62	29	and	and	CCONJ
ajst-22355	62	30	other	other	ADJ
ajst-22355	62	31	major	major	ADJ
ajst-22355	62	32	currencies	currency	NOUN
ajst-22355	62	33	.	.	PUNCT
ajst-22355	63	1	4.2	4.2	NUM
ajst-22355	63	2	.	.	PUNCT
ajst-22355	63	3	policy	policy	NOUN
ajst-22355	63	4	support	support	NOUN
ajst-22355	63	5	and	and	CCONJ
ajst-22355	63	6	market	market	NOUN
ajst-22355	63	7	response	response	NOUN
ajst-22355	63	8	during	during	ADP
ajst-22355	63	9	the	the	DET
ajst-22355	63	10	development	development	NOUN
ajst-22355	63	11	of	of	ADP
ajst-22355	63	12	the	the	DET
ajst-22355	63	13	renminbi	renminbi	NOUN
ajst-22355	63	14	offshore	offshore	ADJ
ajst-22355	63	15	market	market	NOUN
ajst-22355	63	16	,	,	PUNCT
ajst-22355	63	17	government	government	NOUN
ajst-22355	63	18	policy	policy	NOUN
ajst-22355	63	19	support	support	NOUN
ajst-22355	63	20	has	have	AUX
ajst-22355	63	21	played	play	VERB
ajst-22355	63	22	a	a	DET
ajst-22355	63	23	crucial	crucial	ADJ
ajst-22355	63	24	role	role	NOUN
ajst-22355	63	25	.	.	PUNCT
ajst-22355	64	1	by	by	ADP
ajst-22355	64	2	gradually	gradually	ADV
ajst-22355	64	3	relaxing	relax	VERB
ajst-22355	64	4	controls	control	NOUN
ajst-22355	64	5	on	on	ADP
ajst-22355	64	6	the	the	DET
ajst-22355	64	7	renminbi	renminbi	NOUN
ajst-22355	64	8	offshore	offshore	ADJ
ajst-22355	64	9	market	market	NOUN
ajst-22355	64	10	,	,	PUNCT
ajst-22355	64	11	the	the	DET
ajst-22355	64	12	government	government	NOUN
ajst-22355	64	13	injected	inject	VERB
ajst-22355	64	14	more	more	ADJ
ajst-22355	64	15	flexibility	flexibility	NOUN
ajst-22355	64	16	and	and	CCONJ
ajst-22355	64	17	freedom	freedom	NOUN
ajst-22355	64	18	into	into	ADP
ajst-22355	64	19	the	the	DET
ajst-22355	64	20	market	market	NOUN
ajst-22355	64	21	,	,	PUNCT
ajst-22355	64	22	attracting	attract	VERB
ajst-22355	64	23	attention	attention	NOUN
ajst-22355	64	24	and	and	CCONJ
ajst-22355	64	25	participation	participation	NOUN
ajst-22355	64	26	from	from	ADP
ajst-22355	64	27	a	a	DET
ajst-22355	64	28	large	large	ADJ
ajst-22355	64	29	number	number	NOUN
ajst-22355	64	30	of	of	ADP
ajst-22355	64	31	international	international	ADJ
ajst-22355	64	32	investors	investor	NOUN
ajst-22355	64	33	.	.	PUNCT
ajst-22355	65	1	by	by	ADP
ajst-22355	65	2	expanding	expand	VERB
ajst-22355	65	3	the	the	DET
ajst-22355	65	4	scope	scope	NOUN
ajst-22355	65	5	of	of	ADP
ajst-22355	65	6	offshore	offshore	ADJ
ajst-22355	65	7	renminbi	renminbi	NOUN
ajst-22355	65	8	business	business	NOUN
ajst-22355	65	9	,	,	PUNCT
ajst-22355	65	10	the	the	DET
ajst-22355	65	11	government	government	NOUN
ajst-22355	65	12	encouraged	encourage	VERB
ajst-22355	65	13	more	more	ADJ
ajst-22355	65	14	cross	cross	ADJ
ajst-22355	65	15	-	-	ADJ
ajst-22355	65	16	border	border	ADJ
ajst-22355	65	17	trade	trade	NOUN
ajst-22355	65	18	and	and	CCONJ
ajst-22355	65	19	investment	investment	NOUN
ajst-22355	65	20	to	to	PART
ajst-22355	65	21	use	use	VERB
ajst-22355	65	22	renminbi	renminbi	NOUN
ajst-22355	65	23	for	for	ADP
ajst-22355	65	24	settlement	settlement	NOUN
ajst-22355	65	25	and	and	CCONJ
ajst-22355	65	26	financing	financing	NOUN
ajst-22355	65	27	,	,	PUNCT
ajst-22355	65	28	thereby	thereby	ADV
ajst-22355	65	29	not	not	PART
ajst-22355	65	30	only	only	ADV
ajst-22355	65	31	increasing	increase	VERB
ajst-22355	65	32	the	the	DET
ajst-22355	65	33	international	international	ADJ
ajst-22355	65	34	acceptance	acceptance	NOUN
ajst-22355	65	35	of	of	ADP
ajst-22355	65	36	the	the	DET
ajst-22355	65	37	renminbi	renminbi	NOUN
ajst-22355	65	38	but	but	CCONJ
ajst-22355	65	39	also	also	ADV
ajst-22355	65	40	enhancing	enhance	VERB
ajst-22355	65	41	its	its	PRON
ajst-22355	65	42	status	status	NOUN
ajst-22355	65	43	as	as	ADP
ajst-22355	65	44	a	a	DET
ajst-22355	65	45	reserve	reserve	NOUN
ajst-22355	65	46	currency	currency	NOUN
ajst-22355	65	47	.	.	PUNCT
ajst-22355	66	1	the	the	DET
ajst-22355	66	2	government	government	NOUN
ajst-22355	66	3	has	have	AUX
ajst-22355	66	4	also	also	ADV
ajst-22355	66	5	taken	take	VERB
ajst-22355	66	6	a	a	DET
ajst-22355	66	7	series	series	NOUN
ajst-22355	66	8	of	of	ADP
ajst-22355	66	9	measures	measure	NOUN
ajst-22355	66	10	to	to	PART
ajst-22355	66	11	guide	guide	VERB
ajst-22355	66	12	foreign	foreign	ADJ
ajst-22355	66	13	capital	capital	NOUN
ajst-22355	66	14	into	into	ADP
ajst-22355	66	15	the	the	DET
ajst-22355	66	16	renminbi	renminbi	NOUN
ajst-22355	66	17	offshore	offshore	ADJ
ajst-22355	66	18	market	market	NOUN
ajst-22355	66	19	,	,	PUNCT
ajst-22355	66	20	such	such	ADJ
ajst-22355	66	21	as	as	ADP
ajst-22355	66	22	simplifying	simplify	VERB
ajst-22355	66	23	procedures	procedure	NOUN
ajst-22355	66	24	for	for	ADP
ajst-22355	66	25	crossborder	crossborder	NOUN
ajst-22355	66	26	fund	fund	NOUN
ajst-22355	66	27	flows	flow	NOUN
ajst-22355	66	28	and	and	CCONJ
ajst-22355	66	29	reducing	reduce	VERB
ajst-22355	66	30	transaction	transaction	NOUN
ajst-22355	66	31	costs	cost	NOUN
ajst-22355	66	32	,	,	PUNCT
ajst-22355	66	33	significantly	significantly	ADV
ajst-22355	66	34	improving	improve	VERB
ajst-22355	66	35	market	market	NOUN
ajst-22355	66	36	liquidity	liquidity	NOUN
ajst-22355	66	37	and	and	CCONJ
ajst-22355	66	38	scale	scale	NOUN
ajst-22355	66	39	.	.	PUNCT
ajst-22355	67	1	meanwhile	meanwhile	ADV
ajst-22355	67	2	,	,	PUNCT
ajst-22355	67	3	the	the	DET
ajst-22355	67	4	market	market	NOUN
ajst-22355	67	5	has	have	AUX
ajst-22355	67	6	responded	respond	VERB
ajst-22355	67	7	positively	positively	ADV
ajst-22355	67	8	to	to	ADP
ajst-22355	67	9	policies	policy	NOUN
ajst-22355	67	10	,	,	PUNCT
ajst-22355	67	11	continuously	continuously	ADV
ajst-22355	67	12	innovating	innovate	VERB
ajst-22355	67	13	and	and	CCONJ
ajst-22355	67	14	improving	improve	VERB
ajst-22355	67	15	offshore	offshore	ADJ
ajst-22355	67	16	renminbi	renminbi	NOUN
ajst-22355	67	17	products	product	NOUN
ajst-22355	67	18	and	and	CCONJ
ajst-22355	67	19	services	service	NOUN
ajst-22355	67	20	,	,	PUNCT
ajst-22355	67	21	providing	provide	VERB
ajst-22355	67	22	more	more	ADV
ajst-22355	67	23	diverse	diverse	ADJ
ajst-22355	67	24	and	and	CCONJ
ajst-22355	67	25	abundant	abundant	ADJ
ajst-22355	67	26	141	141	NUM
ajst-22355	67	27	investment	investment	NOUN
ajst-22355	67	28	choices	choice	NOUN
ajst-22355	67	29	.	.	PUNCT
ajst-22355	68	1	financial	financial	ADJ
ajst-22355	68	2	institutions	institution	NOUN
ajst-22355	68	3	have	have	AUX
ajst-22355	68	4	introduced	introduce	VERB
ajst-22355	68	5	various	various	ADJ
ajst-22355	68	6	financial	financial	ADJ
ajst-22355	68	7	instruments	instrument	NOUN
ajst-22355	68	8	including	include	VERB
ajst-22355	68	9	renminbidenominated	renminbidenominate	VERB
ajst-22355	68	10	bonds	bond	NOUN
ajst-22355	68	11	,	,	PUNCT
ajst-22355	68	12	renminbi	renminbi	NOUN
ajst-22355	68	13	wealth	wealth	NOUN
ajst-22355	68	14	management	management	NOUN
ajst-22355	68	15	products	product	NOUN
ajst-22355	68	16	,	,	PUNCT
ajst-22355	68	17	and	and	CCONJ
ajst-22355	68	18	various	various	ADJ
ajst-22355	68	19	derivatives	derivative	NOUN
ajst-22355	68	20	,	,	PUNCT
ajst-22355	68	21	meeting	meet	VERB
ajst-22355	68	22	the	the	DET
ajst-22355	68	23	diversified	diversify	VERB
ajst-22355	68	24	needs	need	NOUN
ajst-22355	68	25	of	of	ADP
ajst-22355	68	26	investors	investor	NOUN
ajst-22355	68	27	.	.	PUNCT
ajst-22355	69	1	market	market	NOUN
ajst-22355	69	2	participants	participant	NOUN
ajst-22355	69	3	have	have	AUX
ajst-22355	69	4	actively	actively	ADV
ajst-22355	69	5	adapted	adapt	VERB
ajst-22355	69	6	to	to	ADP
ajst-22355	69	7	policy	policy	NOUN
ajst-22355	69	8	changes	change	NOUN
ajst-22355	69	9	,	,	PUNCT
ajst-22355	69	10	improving	improve	VERB
ajst-22355	69	11	trading	trading	NOUN
ajst-22355	69	12	platforms	platform	NOUN
ajst-22355	69	13	,	,	PUNCT
ajst-22355	69	14	enhancing	enhance	VERB
ajst-22355	69	15	settlement	settlement	NOUN
ajst-22355	69	16	efficiency	efficiency	NOUN
ajst-22355	69	17	,	,	PUNCT
ajst-22355	69	18	and	and	CCONJ
ajst-22355	69	19	strengthening	strengthen	VERB
ajst-22355	69	20	risk	risk	NOUN
ajst-22355	69	21	management	management	NOUN
ajst-22355	69	22	,	,	PUNCT
ajst-22355	69	23	significantly	significantly	ADV
ajst-22355	69	24	increasing	increase	VERB
ajst-22355	69	25	market	market	NOUN
ajst-22355	69	26	activity	activity	NOUN
ajst-22355	69	27	and	and	CCONJ
ajst-22355	69	28	competitiveness	competitiveness	NOUN
ajst-22355	69	29	.	.	PUNCT
ajst-22355	70	1	these	these	DET
ajst-22355	70	2	combined	combined	ADJ
ajst-22355	70	3	efforts	effort	NOUN
ajst-22355	70	4	have	have	AUX
ajst-22355	70	5	made	make	VERB
ajst-22355	70	6	the	the	DET
ajst-22355	70	7	renminbi	renminbi	NOUN
ajst-22355	70	8	offshore	offshore	ADJ
ajst-22355	70	9	market	market	NOUN
ajst-22355	70	10	increasingly	increasingly	ADV
ajst-22355	70	11	mature	mature	ADJ
ajst-22355	70	12	and	and	CCONJ
ajst-22355	70	13	internationalized	internationalized	ADJ
ajst-22355	70	14	,	,	PUNCT
ajst-22355	70	15	laying	lay	VERB
ajst-22355	70	16	a	a	DET
ajst-22355	70	17	solid	solid	ADJ
ajst-22355	70	18	foundation	foundation	NOUN
ajst-22355	70	19	for	for	ADP
ajst-22355	70	20	the	the	DET
ajst-22355	70	21	expanding	expand	VERB
ajst-22355	70	22	role	role	NOUN
ajst-22355	70	23	of	of	ADP
ajst-22355	70	24	the	the	DET
ajst-22355	70	25	renminbi	renminbi	NOUN
ajst-22355	70	26	in	in	ADP
ajst-22355	70	27	the	the	DET
ajst-22355	70	28	global	global	ADJ
ajst-22355	70	29	financial	financial	ADJ
ajst-22355	70	30	system	system	NOUN
ajst-22355	70	31	.	.	PUNCT
ajst-22355	71	1	5	5	X
ajst-22355	71	2	.	.	X
ajst-22355	71	3	functions	function	NOUN
ajst-22355	71	4	and	and	CCONJ
ajst-22355	71	5	roles	role	NOUN
ajst-22355	71	6	of	of	ADP
ajst-22355	71	7	the	the	DET
ajst-22355	71	8	renminbi	renminbi	NOUN
ajst-22355	71	9	offshore	offshore	ADJ
ajst-22355	71	10	market	market	NOUN
ajst-22355	71	11	5.1	5.1	NUM
ajst-22355	71	12	.	.	PUNCT
ajst-22355	71	13	functions	function	NOUN
ajst-22355	71	14	and	and	CCONJ
ajst-22355	71	15	roles	role	NOUN
ajst-22355	71	16	of	of	ADP
ajst-22355	71	17	the	the	DET
ajst-22355	71	18	renminbi	renminbi	NOUN
ajst-22355	71	19	offshore	offshore	ADJ
ajst-22355	71	20	market	market	NOUN
ajst-22355	71	21	in	in	ADP
ajst-22355	71	22	the	the	DET
ajst-22355	71	23	international	international	ADJ
ajst-22355	71	24	financial	financial	ADJ
ajst-22355	71	25	system	system	NOUN
ajst-22355	71	26	5.1.1	5.1.1	NOUN
ajst-22355	71	27	.	.	PUNCT
ajst-22355	71	28	international	international	ADJ
ajst-22355	71	29	trade	trade	NOUN
ajst-22355	71	30	settlement	settlement	NOUN
ajst-22355	71	31	the	the	DET
ajst-22355	71	32	renminbi	renminbi	NOUN
ajst-22355	71	33	offshore	offshore	ADJ
ajst-22355	71	34	market	market	NOUN
ajst-22355	71	35	provides	provide	VERB
ajst-22355	71	36	a	a	DET
ajst-22355	71	37	convenient	convenient	ADJ
ajst-22355	71	38	settlement	settlement	NOUN
ajst-22355	71	39	tool	tool	NOUN
ajst-22355	71	40	for	for	ADP
ajst-22355	71	41	cross	cross	ADJ
ajst-22355	71	42	-	-	ADJ
ajst-22355	71	43	border	border	ADJ
ajst-22355	71	44	trade	trade	NOUN
ajst-22355	71	45	.	.	PUNCT
ajst-22355	72	1	with	with	ADP
ajst-22355	72	2	the	the	DET
ajst-22355	72	3	advancement	advancement	NOUN
ajst-22355	72	4	of	of	ADP
ajst-22355	72	5	renminbi	renminbi	NOUN
ajst-22355	72	6	internationalization	internationalization	NOUN
ajst-22355	72	7	,	,	PUNCT
ajst-22355	72	8	an	an	DET
ajst-22355	72	9	increasing	increase	VERB
ajst-22355	72	10	number	number	NOUN
ajst-22355	72	11	of	of	ADP
ajst-22355	72	12	international	international	ADJ
ajst-22355	72	13	trade	trade	NOUN
ajst-22355	72	14	transactions	transaction	NOUN
ajst-22355	72	15	are	be	AUX
ajst-22355	72	16	settled	settle	VERB
ajst-22355	72	17	using	use	VERB
ajst-22355	72	18	offshore	offshore	ADJ
ajst-22355	72	19	renminbi	renminbi	NOUN
ajst-22355	72	20	,	,	PUNCT
ajst-22355	72	21	especially	especially	ADV
ajst-22355	72	22	in	in	ADP
ajst-22355	72	23	trade	trade	NOUN
ajst-22355	72	24	with	with	ADP
ajst-22355	72	25	chinese	chinese	ADJ
ajst-22355	72	26	partners	partner	NOUN
ajst-22355	72	27	.	.	PUNCT
ajst-22355	73	1	this	this	PRON
ajst-22355	73	2	enables	enable	VERB
ajst-22355	73	3	enterprises	enterprise	NOUN
ajst-22355	73	4	to	to	PART
ajst-22355	73	5	avoid	avoid	VERB
ajst-22355	73	6	foreign	foreign	ADJ
ajst-22355	73	7	exchange	exchange	NOUN
ajst-22355	73	8	risks	risk	NOUN
ajst-22355	73	9	,	,	PUNCT
ajst-22355	73	10	save	save	VERB
ajst-22355	73	11	settlement	settlement	NOUN
ajst-22355	73	12	costs	cost	NOUN
ajst-22355	73	13	,	,	PUNCT
ajst-22355	73	14	and	and	CCONJ
ajst-22355	73	15	conduct	conduct	VERB
ajst-22355	73	16	cross	cross	ADJ
ajst-22355	73	17	-	-	ADJ
ajst-22355	73	18	border	border	ADJ
ajst-22355	73	19	trade	trade	NOUN
ajst-22355	73	20	activities	activity	NOUN
ajst-22355	73	21	more	more	ADV
ajst-22355	73	22	flexibly	flexibly	ADV
ajst-22355	73	23	.	.	PUNCT
ajst-22355	74	1	5.1.2	5.1.2	X
ajst-22355	74	2	.	.	X
ajst-22355	74	3	investment	investment	NOUN
ajst-22355	74	4	and	and	CCONJ
ajst-22355	74	5	financing	finance	VERB
ajst-22355	74	6	the	the	DET
ajst-22355	74	7	renminbi	renminbi	NOUN
ajst-22355	74	8	offshore	offshore	ADJ
ajst-22355	74	9	market	market	NOUN
ajst-22355	74	10	provides	provide	VERB
ajst-22355	74	11	a	a	DET
ajst-22355	74	12	more	more	ADV
ajst-22355	74	13	convenient	convenient	ADJ
ajst-22355	74	14	way	way	NOUN
ajst-22355	74	15	for	for	SCONJ
ajst-22355	74	16	foreign	foreign	ADJ
ajst-22355	74	17	investors	investor	NOUN
ajst-22355	74	18	to	to	PART
ajst-22355	74	19	enter	enter	VERB
ajst-22355	74	20	the	the	DET
ajst-22355	74	21	chinese	chinese	ADJ
ajst-22355	74	22	market	market	NOUN
ajst-22355	74	23	.	.	PUNCT
ajst-22355	75	1	by	by	ADP
ajst-22355	75	2	purchasing	purchase	VERB
ajst-22355	75	3	offshore	offshore	ADJ
ajst-22355	75	4	renminbi	renminbi	NOUN
ajst-22355	75	5	assets	asset	NOUN
ajst-22355	75	6	such	such	ADJ
ajst-22355	75	7	as	as	ADP
ajst-22355	75	8	offshore	offshore	ADJ
ajst-22355	75	9	renminbi	renminbi	NOUN
ajst-22355	75	10	bonds	bond	NOUN
ajst-22355	75	11	and	and	CCONJ
ajst-22355	75	12	stocks	stock	NOUN
ajst-22355	75	13	,	,	PUNCT
ajst-22355	75	14	foreign	foreign	ADJ
ajst-22355	75	15	investors	investor	NOUN
ajst-22355	75	16	can	can	AUX
ajst-22355	75	17	participate	participate	VERB
ajst-22355	75	18	in	in	ADP
ajst-22355	75	19	china	china	PROPN
ajst-22355	75	20	's	's	PART
ajst-22355	75	21	domestic	domestic	ADJ
ajst-22355	75	22	capital	capital	NOUN
ajst-22355	75	23	markets	market	NOUN
ajst-22355	75	24	and	and	CCONJ
ajst-22355	75	25	share	share	VERB
ajst-22355	75	26	the	the	DET
ajst-22355	75	27	opportunities	opportunity	NOUN
ajst-22355	75	28	of	of	ADP
ajst-22355	75	29	china	china	PROPN
ajst-22355	75	30	's	's	PART
ajst-22355	75	31	economic	economic	ADJ
ajst-22355	75	32	growth	growth	NOUN
ajst-22355	75	33	.	.	PUNCT
ajst-22355	76	1	at	at	ADP
ajst-22355	76	2	the	the	DET
ajst-22355	76	3	same	same	ADJ
ajst-22355	76	4	time	time	NOUN
ajst-22355	76	5	,	,	PUNCT
ajst-22355	76	6	domestic	domestic	ADJ
ajst-22355	76	7	enterprises	enterprise	NOUN
ajst-22355	76	8	can	can	AUX
ajst-22355	76	9	also	also	ADV
ajst-22355	76	10	finance	finance	VERB
ajst-22355	76	11	in	in	ADP
ajst-22355	76	12	the	the	DET
ajst-22355	76	13	international	international	ADJ
ajst-22355	76	14	market	market	NOUN
ajst-22355	76	15	through	through	ADP
ajst-22355	76	16	issuing	issue	VERB
ajst-22355	76	17	offshore	offshore	ADJ
ajst-22355	76	18	renminbi	renminbi	NOUN
ajst-22355	76	19	bonds	bond	NOUN
ajst-22355	76	20	,	,	PUNCT
ajst-22355	76	21	expanding	expand	VERB
ajst-22355	76	22	their	their	PRON
ajst-22355	76	23	influence	influence	NOUN
ajst-22355	76	24	on	on	ADP
ajst-22355	76	25	the	the	DET
ajst-22355	76	26	international	international	ADJ
ajst-22355	76	27	stage	stage	NOUN
ajst-22355	76	28	.	.	PUNCT
ajst-22355	77	1	5.1.3	5.1.3	X
ajst-22355	77	2	.	.	PUNCT
ajst-22355	77	3	risk	risk	NOUN
ajst-22355	77	4	management	management	NOUN
ajst-22355	77	5	the	the	DET
ajst-22355	77	6	renminbi	renminbi	NOUN
ajst-22355	77	7	offshore	offshore	ADJ
ajst-22355	77	8	market	market	NOUN
ajst-22355	77	9	provides	provide	VERB
ajst-22355	77	10	risk	risk	NOUN
ajst-22355	77	11	management	management	NOUN
ajst-22355	77	12	tools	tool	NOUN
ajst-22355	77	13	for	for	ADP
ajst-22355	77	14	enterprises	enterprise	NOUN
ajst-22355	77	15	and	and	CCONJ
ajst-22355	77	16	financial	financial	ADJ
ajst-22355	77	17	institutions	institution	NOUN
ajst-22355	77	18	.	.	PUNCT
ajst-22355	78	1	through	through	ADP
ajst-22355	78	2	the	the	DET
ajst-22355	78	3	renminbi	renminbi	NOUN
ajst-22355	78	4	derivatives	derivative	NOUN
ajst-22355	78	5	market	market	NOUN
ajst-22355	78	6	,	,	PUNCT
ajst-22355	78	7	enterprises	enterprise	NOUN
ajst-22355	78	8	can	can	AUX
ajst-22355	78	9	hedge	hedge	VERB
ajst-22355	78	10	risks	risk	NOUN
ajst-22355	78	11	such	such	ADJ
ajst-22355	78	12	as	as	ADP
ajst-22355	78	13	exchange	exchange	NOUN
ajst-22355	78	14	rate	rate	NOUN
ajst-22355	78	15	and	and	CCONJ
ajst-22355	78	16	interest	interest	NOUN
ajst-22355	78	17	rate	rate	NOUN
ajst-22355	78	18	fluctuations	fluctuation	NOUN
ajst-22355	78	19	,	,	PUNCT
ajst-22355	78	20	thereby	thereby	ADV
ajst-22355	78	21	reducing	reduce	VERB
ajst-22355	78	22	operating	operating	NOUN
ajst-22355	78	23	risks	risk	NOUN
ajst-22355	78	24	.	.	PUNCT
ajst-22355	79	1	meanwhile	meanwhile	ADV
ajst-22355	79	2	,	,	PUNCT
ajst-22355	79	3	financial	financial	ADJ
ajst-22355	79	4	institutions	institution	NOUN
ajst-22355	79	5	can	can	AUX
ajst-22355	79	6	also	also	ADV
ajst-22355	79	7	mitigate	mitigate	VERB
ajst-22355	79	8	losses	loss	NOUN
ajst-22355	79	9	from	from	ADP
ajst-22355	79	10	exchange	exchange	NOUN
ajst-22355	79	11	rate	rate	NOUN
ajst-22355	79	12	fluctuations	fluctuation	NOUN
ajst-22355	79	13	through	through	ADP
ajst-22355	79	14	hedging	hedge	VERB
ajst-22355	79	15	operations	operation	NOUN
ajst-22355	79	16	in	in	ADP
ajst-22355	79	17	the	the	DET
ajst-22355	79	18	offshore	offshore	ADJ
ajst-22355	79	19	market	market	NOUN
ajst-22355	79	20	.	.	PUNCT
ajst-22355	80	1	5.2	5.2	NUM
ajst-22355	80	2	.	.	PUNCT
ajst-22355	80	3	influence	influence	NOUN
ajst-22355	80	4	and	and	CCONJ
ajst-22355	80	5	position	position	NOUN
ajst-22355	80	6	of	of	ADP
ajst-22355	80	7	the	the	DET
ajst-22355	80	8	renminbi	renminbi	NOUN
ajst-22355	80	9	offshore	offshore	ADJ
ajst-22355	80	10	market	market	NOUN
ajst-22355	80	11	in	in	ADP
ajst-22355	80	12	the	the	DET
ajst-22355	80	13	global	global	ADJ
ajst-22355	80	14	financial	financial	ADJ
ajst-22355	80	15	system	system	NOUN
ajst-22355	80	16	the	the	DET
ajst-22355	80	17	continuous	continuous	ADJ
ajst-22355	80	18	development	development	NOUN
ajst-22355	80	19	and	and	CCONJ
ajst-22355	80	20	growth	growth	NOUN
ajst-22355	80	21	of	of	ADP
ajst-22355	80	22	the	the	DET
ajst-22355	80	23	renminbi	renminbi	NOUN
ajst-22355	80	24	offshore	offshore	ADJ
ajst-22355	80	25	market	market	NOUN
ajst-22355	80	26	have	have	AUX
ajst-22355	80	27	significantly	significantly	ADV
ajst-22355	80	28	enhanced	enhance	VERB
ajst-22355	80	29	the	the	DET
ajst-22355	80	30	status	status	NOUN
ajst-22355	80	31	and	and	CCONJ
ajst-22355	80	32	influence	influence	NOUN
ajst-22355	80	33	of	of	ADP
ajst-22355	80	34	the	the	DET
ajst-22355	80	35	renminbi	renminbi	NOUN
ajst-22355	80	36	in	in	ADP
ajst-22355	80	37	the	the	DET
ajst-22355	80	38	international	international	ADJ
ajst-22355	80	39	financial	financial	ADJ
ajst-22355	80	40	system	system	NOUN
ajst-22355	80	41	.	.	PUNCT
ajst-22355	81	1	firstly	firstly	ADV
ajst-22355	81	2	,	,	PUNCT
ajst-22355	81	3	the	the	DET
ajst-22355	81	4	establishment	establishment	NOUN
ajst-22355	81	5	of	of	ADP
ajst-22355	81	6	the	the	DET
ajst-22355	81	7	renminbi	renminbi	NOUN
ajst-22355	81	8	offshore	offshore	ADJ
ajst-22355	81	9	market	market	NOUN
ajst-22355	81	10	has	have	AUX
ajst-22355	81	11	promoted	promote	VERB
ajst-22355	81	12	the	the	DET
ajst-22355	81	13	use	use	NOUN
ajst-22355	81	14	of	of	ADP
ajst-22355	81	15	renminbi	renminbi	NOUN
ajst-22355	81	16	in	in	ADP
ajst-22355	81	17	international	international	ADJ
ajst-22355	81	18	trade	trade	NOUN
ajst-22355	81	19	and	and	CCONJ
ajst-22355	81	20	investment	investment	NOUN
ajst-22355	81	21	,	,	PUNCT
ajst-22355	81	22	making	make	VERB
ajst-22355	81	23	renminbi	renminbi	NOUN
ajst-22355	81	24	gradually	gradually	ADV
ajst-22355	81	25	become	become	VERB
ajst-22355	81	26	one	one	NUM
ajst-22355	81	27	of	of	ADP
ajst-22355	81	28	the	the	DET
ajst-22355	81	29	important	important	ADJ
ajst-22355	81	30	settlement	settlement	NOUN
ajst-22355	81	31	currencies	currency	NOUN
ajst-22355	81	32	globally	globally	ADV
ajst-22355	81	33	.	.	PUNCT
ajst-22355	82	1	secondly	secondly	ADV
ajst-22355	82	2	,	,	PUNCT
ajst-22355	82	3	the	the	DET
ajst-22355	82	4	development	development	NOUN
ajst-22355	82	5	of	of	ADP
ajst-22355	82	6	the	the	DET
ajst-22355	82	7	renminbi	renminbi	NOUN
ajst-22355	82	8	offshore	offshore	ADJ
ajst-22355	82	9	market	market	NOUN
ajst-22355	82	10	has	have	AUX
ajst-22355	82	11	also	also	ADV
ajst-22355	82	12	provided	provide	VERB
ajst-22355	82	13	strong	strong	ADJ
ajst-22355	82	14	support	support	NOUN
ajst-22355	82	15	for	for	ADP
ajst-22355	82	16	the	the	DET
ajst-22355	82	17	internationalization	internationalization	NOUN
ajst-22355	82	18	of	of	ADP
ajst-22355	82	19	china	china	PROPN
ajst-22355	82	20	's	's	PART
ajst-22355	82	21	financial	financial	ADJ
ajst-22355	82	22	market	market	NOUN
ajst-22355	82	23	,	,	PUNCT
ajst-22355	82	24	attracting	attract	VERB
ajst-22355	82	25	a	a	DET
ajst-22355	82	26	large	large	ADJ
ajst-22355	82	27	influx	influx	NOUN
ajst-22355	82	28	of	of	ADP
ajst-22355	82	29	foreign	foreign	ADJ
ajst-22355	82	30	capital	capital	NOUN
ajst-22355	82	31	into	into	ADP
ajst-22355	82	32	the	the	DET
ajst-22355	82	33	chinese	chinese	ADJ
ajst-22355	82	34	market	market	NOUN
ajst-22355	82	35	.	.	PUNCT
ajst-22355	83	1	finally	finally	ADV
ajst-22355	83	2	,	,	PUNCT
ajst-22355	83	3	the	the	DET
ajst-22355	83	4	active	active	ADJ
ajst-22355	83	5	renminbi	renminbi	NOUN
ajst-22355	83	6	offshore	offshore	ADJ
ajst-22355	83	7	market	market	NOUN
ajst-22355	83	8	also	also	ADV
ajst-22355	83	9	helps	help	VERB
ajst-22355	83	10	strengthen	strengthen	VERB
ajst-22355	83	11	the	the	DET
ajst-22355	83	12	competitiveness	competitiveness	NOUN
ajst-22355	83	13	of	of	ADP
ajst-22355	83	14	the	the	DET
ajst-22355	83	15	renminbi	renminbi	NOUN
ajst-22355	83	16	in	in	ADP
ajst-22355	83	17	the	the	DET
ajst-22355	83	18	international	international	ADJ
ajst-22355	83	19	financial	financial	ADJ
ajst-22355	83	20	system	system	NOUN
ajst-22355	83	21	,	,	PUNCT
ajst-22355	83	22	promoting	promote	VERB
ajst-22355	83	23	the	the	DET
ajst-22355	83	24	continuous	continuous	ADJ
ajst-22355	83	25	deepening	deepening	NOUN
ajst-22355	83	26	and	and	CCONJ
ajst-22355	83	27	improvement	improvement	NOUN
ajst-22355	83	28	of	of	ADP
ajst-22355	83	29	the	the	DET
ajst-22355	83	30	renminbi	renminbi	NOUN
ajst-22355	83	31	internationalization	internationalization	NOUN
ajst-22355	83	32	process	process	NOUN
ajst-22355	83	33	.	.	PUNCT
ajst-22355	84	1	6	6	X
ajst-22355	84	2	.	.	X
ajst-22355	84	3	renminbi	renminbi	NOUN
ajst-22355	84	4	offshore	offshore	ADJ
ajst-22355	84	5	market	market	NOUN
ajst-22355	84	6	positioning	positioning	NOUN
ajst-22355	84	7	in	in	ADP
ajst-22355	84	8	the	the	DET
ajst-22355	84	9	international	international	ADJ
ajst-22355	84	10	financial	financial	ADJ
ajst-22355	84	11	system	system	NOUN
ajst-22355	84	12	6.1	6.1	NUM
ajst-22355	84	13	.	.	PUNCT
ajst-22355	85	1	comparison	comparison	NOUN
ajst-22355	85	2	of	of	ADP
ajst-22355	85	3	the	the	DET
ajst-22355	85	4	renminbi	renminbi	NOUN
ajst-22355	85	5	offshore	offshore	ADJ
ajst-22355	85	6	market	market	NOUN
ajst-22355	85	7	with	with	ADP
ajst-22355	85	8	other	other	ADJ
ajst-22355	85	9	major	major	ADJ
ajst-22355	85	10	currency	currency	NOUN
ajst-22355	85	11	offshore	offshore	ADJ
ajst-22355	85	12	markets	market	NOUN
ajst-22355	85	13	in	in	ADP
ajst-22355	85	14	the	the	DET
ajst-22355	85	15	international	international	ADJ
ajst-22355	85	16	financial	financial	ADJ
ajst-22355	85	17	system	system	NOUN
ajst-22355	85	18	,	,	PUNCT
ajst-22355	85	19	major	major	ADJ
ajst-22355	85	20	currencies	currency	NOUN
ajst-22355	85	21	such	such	ADJ
ajst-22355	85	22	as	as	ADP
ajst-22355	85	23	the	the	DET
ajst-22355	85	24	us	us	PROPN
ajst-22355	85	25	dollar	dollar	NOUN
ajst-22355	85	26	,	,	PUNCT
ajst-22355	85	27	euro	euro	NOUN
ajst-22355	85	28	,	,	PUNCT
ajst-22355	85	29	and	and	CCONJ
ajst-22355	85	30	pound	pound	NOUN
ajst-22355	85	31	sterling	sterling	NOUN
ajst-22355	85	32	have	have	AUX
ajst-22355	85	33	mature	mature	VERB
ajst-22355	85	34	offshore	offshore	ADJ
ajst-22355	85	35	markets	market	NOUN
ajst-22355	85	36	.	.	PUNCT
ajst-22355	86	1	comparing	compare	VERB
ajst-22355	86	2	these	these	DET
ajst-22355	86	3	offshore	offshore	ADJ
ajst-22355	86	4	markets	market	NOUN
ajst-22355	86	5	can	can	AUX
ajst-22355	86	6	provide	provide	VERB
ajst-22355	86	7	insights	insight	NOUN
ajst-22355	86	8	into	into	ADP
ajst-22355	86	9	the	the	DET
ajst-22355	86	10	unique	unique	ADJ
ajst-22355	86	11	characteristics	characteristic	NOUN
ajst-22355	86	12	and	and	CCONJ
ajst-22355	86	13	relative	relative	ADJ
ajst-22355	86	14	position	position	NOUN
ajst-22355	86	15	of	of	ADP
ajst-22355	86	16	the	the	DET
ajst-22355	86	17	renminbi	renminbi	NOUN
ajst-22355	86	18	offshore	offshore	ADJ
ajst-22355	86	19	market	market	NOUN
ajst-22355	86	20	.	.	PUNCT
ajst-22355	87	1	usd	usd	NOUN
ajst-22355	87	2	offshore	offshore	ADJ
ajst-22355	87	3	market	market	NOUN
ajst-22355	87	4	:	:	PUNCT
ajst-22355	87	5	as	as	ADP
ajst-22355	87	6	the	the	DET
ajst-22355	87	7	global	global	PROPN
ajst-22355	87	8	reserve	reserve	PROPN
ajst-22355	87	9	currency	currency	PROPN
ajst-22355	87	10	and	and	CCONJ
ajst-22355	87	11	primary	primary	ADJ
ajst-22355	87	12	trade	trade	NOUN
ajst-22355	87	13	settlement	settlement	NOUN
ajst-22355	87	14	currency	currency	NOUN
ajst-22355	87	15	,	,	PUNCT
ajst-22355	87	16	the	the	DET
ajst-22355	87	17	usd	usd	NOUN
ajst-22355	87	18	offshore	offshore	ADJ
ajst-22355	87	19	market	market	NOUN
ajst-22355	87	20	is	be	AUX
ajst-22355	87	21	the	the	DET
ajst-22355	87	22	most	most	ADV
ajst-22355	87	23	mature	mature	ADJ
ajst-22355	87	24	and	and	CCONJ
ajst-22355	87	25	extensive	extensive	ADJ
ajst-22355	87	26	.	.	PUNCT
ajst-22355	88	1	its	its	PRON
ajst-22355	88	2	main	main	ADJ
ajst-22355	88	3	features	feature	NOUN
ajst-22355	88	4	include	include	VERB
ajst-22355	88	5	high	high	ADJ
ajst-22355	88	6	liquidity	liquidity	NOUN
ajst-22355	88	7	and	and	CCONJ
ajst-22355	88	8	a	a	DET
ajst-22355	88	9	global	global	ADJ
ajst-22355	88	10	trading	trading	NOUN
ajst-22355	88	11	network	network	NOUN
ajst-22355	88	12	,	,	PUNCT
ajst-22355	88	13	widely	widely	ADV
ajst-22355	88	14	used	use	VERB
ajst-22355	88	15	in	in	ADP
ajst-22355	88	16	international	international	ADJ
ajst-22355	88	17	trade	trade	NOUN
ajst-22355	88	18	settlement	settlement	NOUN
ajst-22355	88	19	,	,	PUNCT
ajst-22355	88	20	investment	investment	NOUN
ajst-22355	88	21	,	,	PUNCT
ajst-22355	88	22	and	and	CCONJ
ajst-22355	88	23	financing	financing	NOUN
ajst-22355	88	24	activities	activity	NOUN
ajst-22355	88	25	.	.	PUNCT
ajst-22355	89	1	euro	euro	NOUN
ajst-22355	89	2	offshore	offshore	ADJ
ajst-22355	89	3	market	market	NOUN
ajst-22355	89	4	:	:	PUNCT
ajst-22355	89	5	the	the	DET
ajst-22355	89	6	euro	euro	NOUN
ajst-22355	89	7	,	,	PUNCT
ajst-22355	89	8	as	as	ADP
ajst-22355	89	9	the	the	DET
ajst-22355	89	10	world	world	NOUN
ajst-22355	89	11	's	's	PART
ajst-22355	89	12	secondlargest	secondlargest	PROPN
ajst-22355	89	13	reserve	reserve	PROPN
ajst-22355	89	14	currency	currency	NOUN
ajst-22355	89	15	,	,	PUNCT
ajst-22355	89	16	has	have	VERB
ajst-22355	89	17	its	its	PRON
ajst-22355	89	18	offshore	offshore	ADJ
ajst-22355	89	19	market	market	NOUN
ajst-22355	89	20	mainly	mainly	ADV
ajst-22355	89	21	concentrated	concentrate	VERB
ajst-22355	89	22	in	in	ADP
ajst-22355	89	23	europe	europe	PROPN
ajst-22355	89	24	and	and	CCONJ
ajst-22355	89	25	some	some	DET
ajst-22355	89	26	asian	asian	ADJ
ajst-22355	89	27	financial	financial	ADJ
ajst-22355	89	28	centers	center	NOUN
ajst-22355	89	29	.	.	PUNCT
ajst-22355	90	1	the	the	DET
ajst-22355	90	2	euro	euro	PROPN
ajst-22355	90	3	offshore	offshore	ADJ
ajst-22355	90	4	market	market	NOUN
ajst-22355	90	5	plays	play	VERB
ajst-22355	90	6	an	an	DET
ajst-22355	90	7	important	important	ADJ
ajst-22355	90	8	role	role	NOUN
ajst-22355	90	9	in	in	ADP
ajst-22355	90	10	international	international	ADJ
ajst-22355	90	11	trade	trade	NOUN
ajst-22355	90	12	settlement	settlement	NOUN
ajst-22355	90	13	and	and	CCONJ
ajst-22355	90	14	cross	cross	ADJ
ajst-22355	90	15	-	-	ADJ
ajst-22355	90	16	border	border	ADJ
ajst-22355	90	17	financing	financing	NOUN
ajst-22355	90	18	,	,	PUNCT
ajst-22355	90	19	although	although	SCONJ
ajst-22355	90	20	its	its	PRON
ajst-22355	90	21	market	market	NOUN
ajst-22355	90	22	size	size	NOUN
ajst-22355	90	23	and	and	CCONJ
ajst-22355	90	24	liquidity	liquidity	NOUN
ajst-22355	90	25	are	be	AUX
ajst-22355	90	26	slightly	slightly	ADV
ajst-22355	90	27	inferior	inferior	ADJ
ajst-22355	90	28	to	to	ADP
ajst-22355	90	29	the	the	DET
ajst-22355	90	30	usd	usd	NOUN
ajst-22355	90	31	.	.	PUNCT
ajst-22355	91	1	gbp	gbp	NOUN
ajst-22355	91	2	offshore	offshore	ADJ
ajst-22355	91	3	market	market	NOUN
ajst-22355	91	4	:	:	PUNCT
ajst-22355	91	5	the	the	DET
ajst-22355	91	6	gbp	gbp	NOUN
ajst-22355	91	7	offshore	offshore	ADJ
ajst-22355	91	8	market	market	NOUN
ajst-22355	91	9	,	,	PUNCT
ajst-22355	91	10	centered	center	VERB
ajst-22355	91	11	in	in	ADP
ajst-22355	91	12	london	london	PROPN
ajst-22355	91	13	,	,	PUNCT
ajst-22355	91	14	is	be	AUX
ajst-22355	91	15	one	one	NUM
ajst-22355	91	16	of	of	ADP
ajst-22355	91	17	the	the	DET
ajst-22355	91	18	most	most	ADV
ajst-22355	91	19	important	important	ADJ
ajst-22355	91	20	financial	financial	ADJ
ajst-22355	91	21	centers	center	NOUN
ajst-22355	91	22	globally	globally	ADV
ajst-22355	91	23	.	.	PUNCT
ajst-22355	92	1	although	although	SCONJ
ajst-22355	92	2	the	the	DET
ajst-22355	92	3	pound	pound	NOUN
ajst-22355	92	4	sterling	sterling	NOUN
ajst-22355	92	5	accounts	account	VERB
ajst-22355	92	6	for	for	ADP
ajst-22355	92	7	a	a	DET
ajst-22355	92	8	smaller	small	ADJ
ajst-22355	92	9	share	share	NOUN
ajst-22355	92	10	of	of	ADP
ajst-22355	92	11	global	global	ADJ
ajst-22355	92	12	reserve	reserve	PROPN
ajst-22355	92	13	currencies	currency	NOUN
ajst-22355	92	14	,	,	PUNCT
ajst-22355	92	15	its	its	PRON
ajst-22355	92	16	offshore	offshore	ADJ
ajst-22355	92	17	market	market	NOUN
ajst-22355	92	18	is	be	AUX
ajst-22355	92	19	very	very	ADV
ajst-22355	92	20	active	active	ADJ
ajst-22355	92	21	in	in	ADP
ajst-22355	92	22	foreign	foreign	ADJ
ajst-22355	92	23	exchange	exchange	NOUN
ajst-22355	92	24	trading	trading	NOUN
ajst-22355	92	25	and	and	CCONJ
ajst-22355	92	26	derivatives	derivative	NOUN
ajst-22355	92	27	markets	market	NOUN
ajst-22355	92	28	.	.	PUNCT
ajst-22355	93	1	6.2	6.2	NUM
ajst-22355	93	2	.	.	PUNCT
ajst-22355	93	3	relative	relative	ADJ
ajst-22355	93	4	position	position	NOUN
ajst-22355	93	5	and	and	CCONJ
ajst-22355	93	6	competitive	competitive	ADJ
ajst-22355	93	7	advantages	advantage	NOUN
ajst-22355	93	8	of	of	ADP
ajst-22355	93	9	the	the	DET
ajst-22355	93	10	renminbi	renminbi	NOUN
ajst-22355	93	11	offshore	offshore	ADJ
ajst-22355	93	12	market	market	NOUN
ajst-22355	93	13	in	in	ADP
ajst-22355	93	14	comparison	comparison	NOUN
ajst-22355	93	15	,	,	PUNCT
ajst-22355	93	16	although	although	SCONJ
ajst-22355	93	17	the	the	DET
ajst-22355	93	18	renminbi	renminbi	NOUN
ajst-22355	93	19	offshore	offshore	ADJ
ajst-22355	93	20	market	market	NOUN
ajst-22355	93	21	started	start	VERB
ajst-22355	93	22	relatively	relatively	ADV
ajst-22355	93	23	late	late	ADV
ajst-22355	93	24	,	,	PUNCT
ajst-22355	93	25	it	it	PRON
ajst-22355	93	26	has	have	AUX
ajst-22355	93	27	made	make	VERB
ajst-22355	93	28	significant	significant	ADJ
ajst-22355	93	29	progress	progress	NOUN
ajst-22355	93	30	in	in	ADP
ajst-22355	93	31	a	a	DET
ajst-22355	93	32	short	short	ADJ
ajst-22355	93	33	period	period	NOUN
ajst-22355	93	34	,	,	PUNCT
ajst-22355	93	35	gradually	gradually	ADV
ajst-22355	93	36	establishing	establish	VERB
ajst-22355	93	37	its	its	PRON
ajst-22355	93	38	position	position	NOUN
ajst-22355	93	39	in	in	ADP
ajst-22355	93	40	the	the	DET
ajst-22355	93	41	international	international	ADJ
ajst-22355	93	42	financial	financial	ADJ
ajst-22355	93	43	system	system	NOUN
ajst-22355	93	44	.	.	PUNCT
ajst-22355	94	1	the	the	DET
ajst-22355	94	2	relative	relative	ADJ
ajst-22355	94	3	position	position	NOUN
ajst-22355	94	4	and	and	CCONJ
ajst-22355	94	5	competitive	competitive	ADJ
ajst-22355	94	6	advantages	advantage	NOUN
ajst-22355	94	7	of	of	ADP
ajst-22355	94	8	the	the	DET
ajst-22355	94	9	renminbi	renminbi	NOUN
ajst-22355	94	10	offshore	offshore	ADJ
ajst-22355	94	11	market	market	NOUN
ajst-22355	94	12	can	can	AUX
ajst-22355	94	13	be	be	AUX
ajst-22355	94	14	analyzed	analyze	VERB
ajst-22355	94	15	from	from	ADP
ajst-22355	94	16	the	the	DET
ajst-22355	94	17	following	follow	VERB
ajst-22355	94	18	aspects	aspect	NOUN
ajst-22355	94	19	:	:	PUNCT
ajst-22355	94	20	policy	policy	NOUN
ajst-22355	94	21	support	support	NOUN
ajst-22355	94	22	:	:	PUNCT
ajst-22355	94	23	the	the	DET
ajst-22355	94	24	chinese	chinese	ADJ
ajst-22355	94	25	government	government	NOUN
ajst-22355	94	26	vigorously	vigorously	ADV
ajst-22355	94	27	promotes	promote	VERB
ajst-22355	94	28	renminbi	renminbi	NOUN
ajst-22355	94	29	internationalization	internationalization	NOUN
ajst-22355	94	30	,	,	PUNCT
ajst-22355	94	31	actively	actively	ADV
ajst-22355	94	32	constructing	construct	VERB
ajst-22355	94	33	and	and	CCONJ
ajst-22355	94	34	improving	improve	VERB
ajst-22355	94	35	the	the	DET
ajst-22355	94	36	renminbi	renminbi	NOUN
ajst-22355	94	37	offshore	offshore	ADJ
ajst-22355	94	38	market	market	NOUN
ajst-22355	94	39	through	through	ADP
ajst-22355	94	40	policy	policy	NOUN
ajst-22355	94	41	support	support	NOUN
ajst-22355	94	42	and	and	CCONJ
ajst-22355	94	43	institutional	institutional	ADJ
ajst-22355	94	44	innovation	innovation	NOUN
ajst-22355	94	45	.	.	PUNCT
ajst-22355	95	1	this	this	PRON
ajst-22355	95	2	includes	include	VERB
ajst-22355	95	3	establishing	establish	VERB
ajst-22355	95	4	offshore	offshore	ADJ
ajst-22355	95	5	renminbi	renminbi	NOUN
ajst-22355	95	6	clearing	clearing	NOUN
ajst-22355	95	7	banks	bank	NOUN
ajst-22355	95	8	,	,	PUNCT
ajst-22355	95	9	promoting	promote	VERB
ajst-22355	95	10	the	the	DET
ajst-22355	95	11	cross	cross	ADJ
ajst-22355	95	12	-	-	ADJ
ajst-22355	95	13	border	border	ADJ
ajst-22355	95	14	interbank	interbank	NOUN
ajst-22355	95	15	payment	payment	NOUN
ajst-22355	95	16	system	system	NOUN
ajst-22355	95	17	(	(	PUNCT
ajst-22355	95	18	cips	cip	NOUN
ajst-22355	95	19	)	)	PUNCT
ajst-22355	95	20	,	,	PUNCT
ajst-22355	95	21	and	and	CCONJ
ajst-22355	95	22	signing	sign	VERB
ajst-22355	95	23	currency	currency	NOUN
ajst-22355	95	24	swap	swap	NOUN
ajst-22355	95	25	agreements	agreement	NOUN
ajst-22355	95	26	with	with	ADP
ajst-22355	95	27	multiple	multiple	ADJ
ajst-22355	95	28	countries	country	NOUN
ajst-22355	95	29	and	and	CCONJ
ajst-22355	95	30	regions	region	NOUN
ajst-22355	95	31	.	.	PUNCT
ajst-22355	96	1	market	market	NOUN
ajst-22355	96	2	potential	potential	NOUN
ajst-22355	96	3	:	:	PUNCT
ajst-22355	96	4	with	with	ADP
ajst-22355	96	5	the	the	DET
ajst-22355	96	6	sustained	sustained	ADJ
ajst-22355	96	7	growth	growth	NOUN
ajst-22355	96	8	of	of	ADP
ajst-22355	96	9	the	the	DET
ajst-22355	96	10	chinese	chinese	ADJ
ajst-22355	96	11	economy	economy	NOUN
ajst-22355	96	12	and	and	CCONJ
ajst-22355	96	13	deepening	deepening	NOUN
ajst-22355	96	14	of	of	ADP
ajst-22355	96	15	its	its	PRON
ajst-22355	96	16	opening	opening	NOUN
ajst-22355	96	17	-	-	PUNCT
ajst-22355	96	18	up	up	NOUN
ajst-22355	96	19	,	,	PUNCT
ajst-22355	96	20	the	the	DET
ajst-22355	96	21	renminbi	renminbi	NOUN
ajst-22355	96	22	offshore	offshore	ADJ
ajst-22355	96	23	market	market	NOUN
ajst-22355	96	24	has	have	VERB
ajst-22355	96	25	enormous	enormous	ADJ
ajst-22355	96	26	development	development	NOUN
ajst-22355	96	27	potential	potential	NOUN
ajst-22355	96	28	.	.	PUNCT
ajst-22355	97	1	an	an	DET
ajst-22355	97	2	increasing	increase	VERB
ajst-22355	97	3	number	number	NOUN
ajst-22355	97	4	of	of	ADP
ajst-22355	97	5	international	international	ADJ
ajst-22355	97	6	trade	trade	NOUN
ajst-22355	97	7	and	and	CCONJ
ajst-22355	97	8	investment	investment	NOUN
ajst-22355	97	9	activities	activity	NOUN
ajst-22355	97	10	are	be	AUX
ajst-22355	97	11	settling	settle	VERB
ajst-22355	97	12	in	in	ADP
ajst-22355	97	13	renminbi	renminbi	NOUN
ajst-22355	97	14	,	,	PUNCT
ajst-22355	97	15	driving	drive	VERB
ajst-22355	97	16	the	the	DET
ajst-22355	97	17	rapid	rapid	ADJ
ajst-22355	97	18	development	development	NOUN
ajst-22355	97	19	of	of	ADP
ajst-22355	97	20	the	the	DET
ajst-22355	97	21	offshore	offshore	ADJ
ajst-22355	97	22	market	market	NOUN
ajst-22355	97	23	.	.	PUNCT
ajst-22355	98	1	financial	financial	ADJ
ajst-22355	98	2	innovation	innovation	NOUN
ajst-22355	98	3	:	:	PUNCT
ajst-22355	98	4	the	the	DET
ajst-22355	98	5	renminbi	renminbi	NOUN
ajst-22355	98	6	offshore	offshore	ADJ
ajst-22355	98	7	market	market	NOUN
ajst-22355	98	8	continuously	continuously	ADV
ajst-22355	98	9	makes	make	VERB
ajst-22355	98	10	breakthroughs	breakthrough	NOUN
ajst-22355	98	11	in	in	ADP
ajst-22355	98	12	financial	financial	ADJ
ajst-22355	98	13	product	product	NOUN
ajst-22355	98	14	and	and	CCONJ
ajst-22355	98	15	service	service	NOUN
ajst-22355	98	16	innovation	innovation	NOUN
ajst-22355	98	17	,	,	PUNCT
ajst-22355	98	18	such	such	ADJ
ajst-22355	98	19	as	as	ADP
ajst-22355	98	20	offshore	offshore	ADJ
ajst-22355	98	21	renminbi	renminbi	NOUN
ajst-22355	98	22	bonds	bond	NOUN
ajst-22355	98	23	(	(	PUNCT
ajst-22355	98	24	dim	dim	ADJ
ajst-22355	98	25	sum	sum	NOUN
ajst-22355	98	26	bonds	bond	NOUN
ajst-22355	98	27	)	)	PUNCT
ajst-22355	98	28	,	,	PUNCT
ajst-22355	98	29	renminbi	renminbi	NOUN
ajst-22355	98	30	forex	forex	ADJ
ajst-22355	98	31	options	option	NOUN
ajst-22355	98	32	,	,	PUNCT
ajst-22355	98	33	and	and	CCONJ
ajst-22355	98	34	futures	future	NOUN
ajst-22355	98	35	,	,	PUNCT
ajst-22355	98	36	providing	provide	VERB
ajst-22355	98	37	global	global	ADJ
ajst-22355	98	38	investors	investor	NOUN
ajst-22355	98	39	with	with	ADP
ajst-22355	98	40	more	more	ADJ
ajst-22355	98	41	investment	investment	NOUN
ajst-22355	98	42	and	and	CCONJ
ajst-22355	98	43	risk	risk	NOUN
ajst-22355	98	44	management	management	NOUN
ajst-22355	98	45	tools	tool	NOUN
ajst-22355	98	46	.	.	PUNCT
ajst-22355	99	1	geographical	geographical	ADJ
ajst-22355	99	2	advantage	advantage	NOUN
ajst-22355	99	3	:	:	PUNCT
ajst-22355	99	4	hong	hong	PROPN
ajst-22355	99	5	kong	kong	PROPN
ajst-22355	99	6	,	,	PUNCT
ajst-22355	99	7	as	as	ADP
ajst-22355	99	8	the	the	DET
ajst-22355	99	9	largest	large	ADJ
ajst-22355	99	10	142	142	NUM
ajst-22355	99	11	renminbi	renminbi	NOUN
ajst-22355	99	12	offshore	offshore	ADJ
ajst-22355	99	13	market	market	NOUN
ajst-22355	99	14	globally	globally	ADV
ajst-22355	99	15	,	,	PUNCT
ajst-22355	99	16	serves	serve	VERB
ajst-22355	99	17	as	as	ADP
ajst-22355	99	18	a	a	DET
ajst-22355	99	19	bridge	bridge	NOUN
ajst-22355	99	20	connecting	connect	VERB
ajst-22355	99	21	the	the	DET
ajst-22355	99	22	mainland	mainland	NOUN
ajst-22355	99	23	with	with	ADP
ajst-22355	99	24	international	international	ADJ
ajst-22355	99	25	markets	market	NOUN
ajst-22355	99	26	due	due	ADP
ajst-22355	99	27	to	to	ADP
ajst-22355	99	28	its	its	PRON
ajst-22355	99	29	geographical	geographical	ADJ
ajst-22355	99	30	location	location	NOUN
ajst-22355	99	31	and	and	CCONJ
ajst-22355	99	32	intermediary	intermediary	ADJ
ajst-22355	99	33	role	role	NOUN
ajst-22355	99	34	.	.	PUNCT
ajst-22355	100	1	hong	hong	PROPN
ajst-22355	100	2	kong	kong	PROPN
ajst-22355	100	3	's	's	PART
ajst-22355	100	4	mature	mature	ADJ
ajst-22355	100	5	financial	financial	ADJ
ajst-22355	100	6	system	system	NOUN
ajst-22355	100	7	and	and	CCONJ
ajst-22355	100	8	close	close	ADJ
ajst-22355	100	9	ties	tie	NOUN
ajst-22355	100	10	with	with	ADP
ajst-22355	100	11	the	the	DET
ajst-22355	100	12	mainland	mainland	NOUN
ajst-22355	100	13	provide	provide	VERB
ajst-22355	100	14	strong	strong	ADJ
ajst-22355	100	15	support	support	NOUN
ajst-22355	100	16	for	for	ADP
ajst-22355	100	17	the	the	DET
ajst-22355	100	18	development	development	NOUN
ajst-22355	100	19	of	of	ADP
ajst-22355	100	20	the	the	DET
ajst-22355	100	21	renminbi	renminbi	NOUN
ajst-22355	100	22	offshore	offshore	ADJ
ajst-22355	100	23	market	market	NOUN
ajst-22355	100	24	.	.	PUNCT
ajst-22355	101	1	in	in	ADP
ajst-22355	101	2	summary	summary	NOUN
ajst-22355	101	3	,	,	PUNCT
ajst-22355	101	4	the	the	DET
ajst-22355	101	5	renminbi	renminbi	NOUN
ajst-22355	101	6	offshore	offshore	ADJ
ajst-22355	101	7	market	market	NOUN
ajst-22355	101	8	is	be	AUX
ajst-22355	101	9	rapidly	rapidly	ADV
ajst-22355	101	10	rising	rise	VERB
ajst-22355	101	11	in	in	ADP
ajst-22355	101	12	the	the	DET
ajst-22355	101	13	international	international	ADJ
ajst-22355	101	14	financial	financial	ADJ
ajst-22355	101	15	system	system	NOUN
ajst-22355	101	16	,	,	PUNCT
ajst-22355	101	17	with	with	ADP
ajst-22355	101	18	unique	unique	ADJ
ajst-22355	101	19	competitiveness	competitiveness	NOUN
ajst-22355	101	20	stemming	stem	VERB
ajst-22355	101	21	from	from	ADP
ajst-22355	101	22	policy	policy	NOUN
ajst-22355	101	23	support	support	NOUN
ajst-22355	101	24	,	,	PUNCT
ajst-22355	101	25	market	market	NOUN
ajst-22355	101	26	potential	potential	NOUN
ajst-22355	101	27	,	,	PUNCT
ajst-22355	101	28	financial	financial	ADJ
ajst-22355	101	29	innovation	innovation	NOUN
ajst-22355	101	30	,	,	PUNCT
ajst-22355	101	31	and	and	CCONJ
ajst-22355	101	32	geographical	geographical	ADJ
ajst-22355	101	33	advantages	advantage	NOUN
ajst-22355	101	34	.	.	PUNCT
ajst-22355	102	1	although	although	SCONJ
ajst-22355	102	2	there	there	PRON
ajst-22355	102	3	is	be	VERB
ajst-22355	102	4	still	still	ADV
ajst-22355	102	5	some	some	DET
ajst-22355	102	6	gap	gap	NOUN
ajst-22355	102	7	compared	compare	VERB
ajst-22355	102	8	to	to	PART
ajst-22355	102	9	mature	mature	VERB
ajst-22355	102	10	markets	market	NOUN
ajst-22355	102	11	like	like	ADP
ajst-22355	102	12	the	the	DET
ajst-22355	102	13	usd	usd	NOUN
ajst-22355	102	14	,	,	PUNCT
ajst-22355	102	15	euro	euro	NOUN
ajst-22355	102	16	,	,	PUNCT
ajst-22355	102	17	and	and	CCONJ
ajst-22355	102	18	pound	pound	NOUN
ajst-22355	102	19	sterling	sterling	NOUN
ajst-22355	102	20	,	,	PUNCT
ajst-22355	102	21	its	its	PRON
ajst-22355	102	22	rapid	rapid	ADJ
ajst-22355	102	23	development	development	NOUN
ajst-22355	102	24	momentum	momentum	NOUN
ajst-22355	102	25	and	and	CCONJ
ajst-22355	102	26	potential	potential	ADJ
ajst-22355	102	27	market	market	NOUN
ajst-22355	102	28	capacity	capacity	NOUN
ajst-22355	102	29	make	make	VERB
ajst-22355	102	30	it	it	PRON
ajst-22355	102	31	poised	poise	VERB
ajst-22355	102	32	to	to	PART
ajst-22355	102	33	become	become	VERB
ajst-22355	102	34	one	one	NUM
ajst-22355	102	35	of	of	ADP
ajst-22355	102	36	the	the	DET
ajst-22355	102	37	world	world	NOUN
ajst-22355	102	38	's	's	PART
ajst-22355	102	39	significant	significant	ADJ
ajst-22355	102	40	financial	financial	ADJ
ajst-22355	102	41	markets	market	NOUN
ajst-22355	102	42	in	in	ADP
ajst-22355	102	43	the	the	DET
ajst-22355	102	44	future	future	NOUN
ajst-22355	102	45	.	.	PUNCT
ajst-22355	103	1	7	7	X
ajst-22355	103	2	.	.	X
ajst-22355	103	3	factors	factor	NOUN
ajst-22355	103	4	influencing	influence	VERB
ajst-22355	103	5	the	the	DET
ajst-22355	103	6	development	development	NOUN
ajst-22355	103	7	of	of	ADP
ajst-22355	103	8	the	the	DET
ajst-22355	103	9	renminbi	renminbi	NOUN
ajst-22355	103	10	offshore	offshore	ADJ
ajst-22355	103	11	market	market	NOUN
ajst-22355	103	12	7.1	7.1	NUM
ajst-22355	103	13	.	.	PUNCT
ajst-22355	104	1	policy	policy	NOUN
ajst-22355	104	2	factors	factor	NOUN
ajst-22355	104	3	government	government	NOUN
ajst-22355	104	4	policies	policy	NOUN
ajst-22355	104	5	in	in	ADP
ajst-22355	104	6	china	china	PROPN
ajst-22355	104	7	play	play	VERB
ajst-22355	104	8	a	a	DET
ajst-22355	104	9	crucial	crucial	ADJ
ajst-22355	104	10	role	role	NOUN
ajst-22355	104	11	in	in	ADP
ajst-22355	104	12	shaping	shape	VERB
ajst-22355	104	13	the	the	DET
ajst-22355	104	14	development	development	NOUN
ajst-22355	104	15	of	of	ADP
ajst-22355	104	16	the	the	DET
ajst-22355	104	17	renminbi	renminbi	NOUN
ajst-22355	104	18	offshore	offshore	ADJ
ajst-22355	104	19	market	market	NOUN
ajst-22355	104	20	.	.	PUNCT
ajst-22355	105	1	policies	policy	NOUN
ajst-22355	105	2	related	relate	VERB
ajst-22355	105	3	to	to	ADP
ajst-22355	105	4	financial	financial	ADJ
ajst-22355	105	5	reforms	reform	NOUN
ajst-22355	105	6	,	,	PUNCT
ajst-22355	105	7	foreign	foreign	ADJ
ajst-22355	105	8	exchange	exchange	NOUN
ajst-22355	105	9	management	management	NOUN
ajst-22355	105	10	,	,	PUNCT
ajst-22355	105	11	and	and	CCONJ
ajst-22355	105	12	capital	capital	NOUN
ajst-22355	105	13	market	market	NOUN
ajst-22355	105	14	opening	opening	NOUN
ajst-22355	105	15	directly	directly	ADV
ajst-22355	105	16	influence	influence	VERB
ajst-22355	105	17	the	the	DET
ajst-22355	105	18	construction	construction	NOUN
ajst-22355	105	19	and	and	CCONJ
ajst-22355	105	20	operation	operation	NOUN
ajst-22355	105	21	of	of	ADP
ajst-22355	105	22	the	the	DET
ajst-22355	105	23	renminbi	renminbi	NOUN
ajst-22355	105	24	offshore	offshore	ADJ
ajst-22355	105	25	market	market	NOUN
ajst-22355	105	26	.	.	PUNCT
ajst-22355	106	1	since	since	SCONJ
ajst-22355	106	2	2010	2010	NUM
ajst-22355	106	3	,	,	PUNCT
ajst-22355	106	4	china	china	PROPN
ajst-22355	106	5	has	have	AUX
ajst-22355	106	6	gradually	gradually	ADV
ajst-22355	106	7	relaxed	relax	VERB
ajst-22355	106	8	restrictions	restriction	NOUN
ajst-22355	106	9	on	on	ADP
ajst-22355	106	10	renminbi	renminbi	NOUN
ajst-22355	106	11	crossborder	crossborder	NOUN
ajst-22355	106	12	trade	trade	NOUN
ajst-22355	106	13	settlement	settlement	NOUN
ajst-22355	106	14	,	,	PUNCT
ajst-22355	106	15	allowing	allow	VERB
ajst-22355	106	16	overseas	overseas	ADJ
ajst-22355	106	17	enterprises	enterprise	NOUN
ajst-22355	106	18	and	and	CCONJ
ajst-22355	106	19	financial	financial	ADJ
ajst-22355	106	20	institutions	institution	NOUN
ajst-22355	106	21	to	to	PART
ajst-22355	106	22	use	use	VERB
ajst-22355	106	23	renminbi	renminbi	NOUN
ajst-22355	106	24	for	for	ADP
ajst-22355	106	25	trade	trade	NOUN
ajst-22355	106	26	and	and	CCONJ
ajst-22355	106	27	investment	investment	NOUN
ajst-22355	106	28	.	.	PUNCT
ajst-22355	107	1	moreover	moreover	ADV
ajst-22355	107	2	,	,	PUNCT
ajst-22355	107	3	establishing	establish	VERB
ajst-22355	107	4	offshore	offshore	ADJ
ajst-22355	107	5	renminbi	renminbi	NOUN
ajst-22355	107	6	clearing	clear	VERB
ajst-22355	107	7	banks	bank	NOUN
ajst-22355	107	8	and	and	CCONJ
ajst-22355	107	9	signing	sign	VERB
ajst-22355	107	10	currency	currency	NOUN
ajst-22355	107	11	swap	swap	NOUN
ajst-22355	107	12	agreements	agreement	NOUN
ajst-22355	107	13	with	with	ADP
ajst-22355	107	14	multiple	multiple	ADJ
ajst-22355	107	15	countries	country	NOUN
ajst-22355	107	16	and	and	CCONJ
ajst-22355	107	17	regions	region	NOUN
ajst-22355	107	18	have	have	AUX
ajst-22355	107	19	enhanced	enhance	VERB
ajst-22355	107	20	renminbi	renminbi	NOUN
ajst-22355	107	21	's	's	PART
ajst-22355	107	22	international	international	ADJ
ajst-22355	107	23	liquidity	liquidity	NOUN
ajst-22355	107	24	and	and	CCONJ
ajst-22355	107	25	its	its	PRON
ajst-22355	107	26	status	status	NOUN
ajst-22355	107	27	as	as	ADP
ajst-22355	107	28	an	an	DET
ajst-22355	107	29	international	international	ADJ
ajst-22355	107	30	reserve	reserve	NOUN
ajst-22355	107	31	currency	currency	NOUN
ajst-22355	107	32	.	.	PUNCT
ajst-22355	108	1	promoting	promote	VERB
ajst-22355	108	2	renminbi	renminbi	NOUN
ajst-22355	108	3	internationalization	internationalization	NOUN
ajst-22355	108	4	is	be	AUX
ajst-22355	108	5	a	a	DET
ajst-22355	108	6	significant	significant	ADJ
ajst-22355	108	7	strategic	strategic	ADJ
ajst-22355	108	8	goal	goal	NOUN
ajst-22355	108	9	of	of	ADP
ajst-22355	108	10	the	the	DET
ajst-22355	108	11	chinese	chinese	ADJ
ajst-22355	108	12	government	government	NOUN
ajst-22355	108	13	.	.	PUNCT
ajst-22355	109	1	through	through	ADP
ajst-22355	109	2	policy	policy	NOUN
ajst-22355	109	3	guidance	guidance	NOUN
ajst-22355	109	4	and	and	CCONJ
ajst-22355	109	5	support	support	NOUN
ajst-22355	109	6	,	,	PUNCT
ajst-22355	109	7	encouraging	encourage	VERB
ajst-22355	109	8	enterprises	enterprise	NOUN
ajst-22355	109	9	and	and	CCONJ
ajst-22355	109	10	financial	financial	ADJ
ajst-22355	109	11	institutions	institution	NOUN
ajst-22355	109	12	to	to	PART
ajst-22355	109	13	use	use	VERB
ajst-22355	109	14	renminbi	renminbi	NOUN
ajst-22355	109	15	more	more	ADV
ajst-22355	109	16	extensively	extensively	ADV
ajst-22355	109	17	in	in	ADP
ajst-22355	109	18	international	international	ADJ
ajst-22355	109	19	trade	trade	NOUN
ajst-22355	109	20	and	and	CCONJ
ajst-22355	109	21	investment	investment	NOUN
ajst-22355	109	22	has	have	AUX
ajst-22355	109	23	propelled	propel	VERB
ajst-22355	109	24	the	the	DET
ajst-22355	109	25	expansion	expansion	NOUN
ajst-22355	109	26	and	and	CCONJ
ajst-22355	109	27	maturity	maturity	NOUN
ajst-22355	109	28	of	of	ADP
ajst-22355	109	29	the	the	DET
ajst-22355	109	30	renminbi	renminbi	NOUN
ajst-22355	109	31	offshore	offshore	ADJ
ajst-22355	109	32	market	market	NOUN
ajst-22355	109	33	.	.	PUNCT
ajst-22355	110	1	7.2	7.2	NUM
ajst-22355	110	2	.	.	PUNCT
ajst-22355	111	1	market	market	NOUN
ajst-22355	111	2	factors	factor	NOUN
ajst-22355	111	3	the	the	DET
ajst-22355	111	4	international	international	ADJ
ajst-22355	111	5	financial	financial	ADJ
ajst-22355	111	6	market	market	NOUN
ajst-22355	111	7	environment	environment	NOUN
ajst-22355	111	8	also	also	ADV
ajst-22355	111	9	significantly	significantly	ADV
ajst-22355	111	10	influences	influence	VERB
ajst-22355	111	11	the	the	DET
ajst-22355	111	12	development	development	NOUN
ajst-22355	111	13	of	of	ADP
ajst-22355	111	14	the	the	DET
ajst-22355	111	15	renminbi	renminbi	NOUN
ajst-22355	111	16	offshore	offshore	ADJ
ajst-22355	111	17	market	market	NOUN
ajst-22355	111	18	.	.	PUNCT
ajst-22355	112	1	factors	factor	NOUN
ajst-22355	112	2	such	such	ADJ
ajst-22355	112	3	as	as	ADP
ajst-22355	112	4	global	global	ADJ
ajst-22355	112	5	economic	economic	ADJ
ajst-22355	112	6	conditions	condition	NOUN
ajst-22355	112	7	,	,	PUNCT
ajst-22355	112	8	market	market	NOUN
ajst-22355	112	9	demand	demand	NOUN
ajst-22355	112	10	,	,	PUNCT
ajst-22355	112	11	and	and	CCONJ
ajst-22355	112	12	international	international	ADJ
ajst-22355	112	13	investor	investor	NOUN
ajst-22355	112	14	confidence	confidence	NOUN
ajst-22355	112	15	directly	directly	ADV
ajst-22355	112	16	or	or	CCONJ
ajst-22355	112	17	indirectly	indirectly	ADV
ajst-22355	112	18	affect	affect	VERB
ajst-22355	112	19	the	the	DET
ajst-22355	112	20	activity	activity	NOUN
ajst-22355	112	21	and	and	CCONJ
ajst-22355	112	22	stability	stability	NOUN
ajst-22355	112	23	of	of	ADP
ajst-22355	112	24	the	the	DET
ajst-22355	112	25	renminbi	renminbi	NOUN
ajst-22355	112	26	offshore	offshore	ADJ
ajst-22355	112	27	market	market	NOUN
ajst-22355	112	28	.	.	PUNCT
ajst-22355	113	1	cyclical	cyclical	ADJ
ajst-22355	113	2	fluctuations	fluctuation	NOUN
ajst-22355	113	3	in	in	ADP
ajst-22355	113	4	the	the	DET
ajst-22355	113	5	global	global	ADJ
ajst-22355	113	6	economy	economy	NOUN
ajst-22355	113	7	,	,	PUNCT
ajst-22355	113	8	trade	trade	NOUN
ajst-22355	113	9	frictions	friction	NOUN
ajst-22355	113	10	,	,	PUNCT
ajst-22355	113	11	and	and	CCONJ
ajst-22355	113	12	geopolitical	geopolitical	ADJ
ajst-22355	113	13	risks	risk	NOUN
ajst-22355	113	14	may	may	AUX
ajst-22355	113	15	impact	impact	VERB
ajst-22355	113	16	the	the	DET
ajst-22355	113	17	stability	stability	NOUN
ajst-22355	113	18	of	of	ADP
ajst-22355	113	19	the	the	DET
ajst-22355	113	20	international	international	ADJ
ajst-22355	113	21	financial	financial	ADJ
ajst-22355	113	22	market	market	NOUN
ajst-22355	113	23	,	,	PUNCT
ajst-22355	113	24	thereby	thereby	ADV
ajst-22355	113	25	affecting	affect	VERB
ajst-22355	113	26	the	the	DET
ajst-22355	113	27	renminbi	renminbi	NOUN
ajst-22355	113	28	offshore	offshore	ADJ
ajst-22355	113	29	market	market	NOUN
ajst-22355	113	30	.	.	PUNCT
ajst-22355	114	1	for	for	ADP
ajst-22355	114	2	example	example	NOUN
ajst-22355	114	3	,	,	PUNCT
ajst-22355	114	4	a	a	DET
ajst-22355	114	5	slowdown	slowdown	NOUN
ajst-22355	114	6	in	in	ADP
ajst-22355	114	7	global	global	ADJ
ajst-22355	114	8	economic	economic	ADJ
ajst-22355	114	9	growth	growth	NOUN
ajst-22355	114	10	or	or	CCONJ
ajst-22355	114	11	increased	increase	VERB
ajst-22355	114	12	uncertainty	uncertainty	NOUN
ajst-22355	114	13	may	may	AUX
ajst-22355	114	14	lead	lead	VERB
ajst-22355	114	15	to	to	ADP
ajst-22355	114	16	heightened	heightened	ADJ
ajst-22355	114	17	risk	risk	NOUN
ajst-22355	114	18	aversion	aversion	NOUN
ajst-22355	114	19	in	in	ADP
ajst-22355	114	20	the	the	DET
ajst-22355	114	21	market	market	NOUN
ajst-22355	114	22	,	,	PUNCT
ajst-22355	114	23	affecting	affect	VERB
ajst-22355	114	24	renminbi	renminbi	NOUN
ajst-22355	114	25	demand	demand	NOUN
ajst-22355	114	26	and	and	CCONJ
ajst-22355	114	27	market	market	NOUN
ajst-22355	114	28	activity	activity	NOUN
ajst-22355	114	29	.	.	PUNCT
ajst-22355	115	1	the	the	DET
ajst-22355	115	2	demand	demand	NOUN
ajst-22355	115	3	for	for	ADP
ajst-22355	115	4	renminbi	renminbi	NOUN
ajst-22355	115	5	in	in	ADP
ajst-22355	115	6	the	the	DET
ajst-22355	115	7	international	international	ADJ
ajst-22355	115	8	market	market	NOUN
ajst-22355	115	9	is	be	AUX
ajst-22355	115	10	a	a	DET
ajst-22355	115	11	crucial	crucial	ADJ
ajst-22355	115	12	driver	driver	NOUN
ajst-22355	115	13	of	of	ADP
ajst-22355	115	14	offshore	offshore	ADJ
ajst-22355	115	15	market	market	NOUN
ajst-22355	115	16	development	development	NOUN
ajst-22355	115	17	.	.	PUNCT
ajst-22355	116	1	as	as	SCONJ
ajst-22355	116	2	china	china	PROPN
ajst-22355	116	3	's	's	PART
ajst-22355	116	4	influence	influence	NOUN
ajst-22355	116	5	in	in	ADP
ajst-22355	116	6	global	global	ADJ
ajst-22355	116	7	trade	trade	NOUN
ajst-22355	116	8	and	and	CCONJ
ajst-22355	116	9	investment	investment	NOUN
ajst-22355	116	10	grows	grow	VERB
ajst-22355	116	11	,	,	PUNCT
ajst-22355	116	12	international	international	ADJ
ajst-22355	116	13	demand	demand	NOUN
ajst-22355	116	14	for	for	ADP
ajst-22355	116	15	renminbi	renminbi	NOUN
ajst-22355	116	16	increases	increase	NOUN
ajst-22355	116	17	,	,	PUNCT
ajst-22355	116	18	driving	drive	VERB
ajst-22355	116	19	the	the	DET
ajst-22355	116	20	development	development	NOUN
ajst-22355	116	21	of	of	ADP
ajst-22355	116	22	the	the	DET
ajst-22355	116	23	offshore	offshore	ADJ
ajst-22355	116	24	market	market	NOUN
ajst-22355	116	25	.	.	PUNCT
ajst-22355	117	1	international	international	ADJ
ajst-22355	117	2	investor	investor	NOUN
ajst-22355	117	3	confidence	confidence	NOUN
ajst-22355	117	4	in	in	ADP
ajst-22355	117	5	the	the	DET
ajst-22355	117	6	chinese	chinese	ADJ
ajst-22355	117	7	economy	economy	NOUN
ajst-22355	117	8	and	and	CCONJ
ajst-22355	117	9	renminbi	renminbi	NOUN
ajst-22355	117	10	exchange	exchange	NOUN
ajst-22355	117	11	rate	rate	NOUN
ajst-22355	117	12	also	also	ADV
ajst-22355	117	13	directly	directly	ADV
ajst-22355	117	14	influences	influence	VERB
ajst-22355	117	15	offshore	offshore	ADJ
ajst-22355	117	16	market	market	NOUN
ajst-22355	117	17	development	development	NOUN
ajst-22355	117	18	.	.	PUNCT
ajst-22355	118	1	if	if	SCONJ
ajst-22355	118	2	investors	investor	NOUN
ajst-22355	118	3	are	be	AUX
ajst-22355	118	4	optimistic	optimistic	ADJ
ajst-22355	118	5	about	about	ADP
ajst-22355	118	6	the	the	DET
ajst-22355	118	7	renminbi	renminbi	NOUN
ajst-22355	118	8	's	's	PART
ajst-22355	118	9	prospects	prospect	NOUN
ajst-22355	118	10	,	,	PUNCT
ajst-22355	118	11	they	they	PRON
ajst-22355	118	12	are	be	AUX
ajst-22355	118	13	more	more	ADV
ajst-22355	118	14	willing	willing	ADJ
ajst-22355	118	15	to	to	PART
ajst-22355	118	16	hold	hold	VERB
ajst-22355	118	17	and	and	CCONJ
ajst-22355	118	18	use	use	VERB
ajst-22355	118	19	renminbi	renminbi	NOUN
ajst-22355	118	20	,	,	PUNCT
ajst-22355	118	21	thereby	thereby	ADV
ajst-22355	118	22	promoting	promote	VERB
ajst-22355	118	23	offshore	offshore	ADJ
ajst-22355	118	24	market	market	NOUN
ajst-22355	118	25	activity	activity	NOUN
ajst-22355	118	26	and	and	CCONJ
ajst-22355	118	27	growth	growth	NOUN
ajst-22355	118	28	.	.	PUNCT
ajst-22355	119	1	7.3	7.3	NUM
ajst-22355	119	2	.	.	PUNCT
ajst-22355	120	1	technological	technological	ADJ
ajst-22355	120	2	factors	factor	NOUN
ajst-22355	120	3	the	the	DET
ajst-22355	120	4	development	development	NOUN
ajst-22355	120	5	of	of	ADP
ajst-22355	120	6	financial	financial	ADJ
ajst-22355	120	7	technology	technology	NOUN
ajst-22355	120	8	(	(	PUNCT
ajst-22355	120	9	fintech	fintech	NOUN
ajst-22355	120	10	)	)	PUNCT
ajst-22355	120	11	plays	play	VERB
ajst-22355	120	12	an	an	DET
ajst-22355	120	13	increasingly	increasingly	ADV
ajst-22355	120	14	significant	significant	ADJ
ajst-22355	120	15	role	role	NOUN
ajst-22355	120	16	in	in	ADP
ajst-22355	120	17	promoting	promote	VERB
ajst-22355	120	18	the	the	DET
ajst-22355	120	19	renminbi	renminbi	NOUN
ajst-22355	120	20	offshore	offshore	ADJ
ajst-22355	120	21	market	market	NOUN
ajst-22355	120	22	.	.	PUNCT
ajst-22355	121	1	modern	modern	ADJ
ajst-22355	121	2	fintech	fintech	NOUN
ajst-22355	121	3	applications	application	NOUN
ajst-22355	121	4	in	in	ADP
ajst-22355	121	5	payment	payment	NOUN
ajst-22355	121	6	settlement	settlement	NOUN
ajst-22355	121	7	,	,	PUNCT
ajst-22355	121	8	data	datum	NOUN
ajst-22355	121	9	processing	processing	NOUN
ajst-22355	121	10	,	,	PUNCT
ajst-22355	121	11	risk	risk	NOUN
ajst-22355	121	12	management	management	NOUN
ajst-22355	121	13	,	,	PUNCT
ajst-22355	121	14	etc	etc	X
ajst-22355	121	15	.	.	X
ajst-22355	121	16	,	,	PUNCT
ajst-22355	121	17	provide	provide	VERB
ajst-22355	121	18	technical	technical	ADJ
ajst-22355	121	19	support	support	NOUN
ajst-22355	121	20	and	and	CCONJ
ajst-22355	121	21	innovation	innovation	NOUN
ajst-22355	121	22	for	for	ADP
ajst-22355	121	23	market	market	NOUN
ajst-22355	121	24	development	development	NOUN
ajst-22355	121	25	.	.	PUNCT
ajst-22355	122	1	advanced	advanced	ADJ
ajst-22355	122	2	payment	payment	NOUN
ajst-22355	122	3	settlement	settlement	NOUN
ajst-22355	122	4	technologies	technology	NOUN
ajst-22355	122	5	,	,	PUNCT
ajst-22355	122	6	such	such	ADJ
ajst-22355	122	7	as	as	ADP
ajst-22355	122	8	blockchain	blockchain	NOUN
ajst-22355	122	9	and	and	CCONJ
ajst-22355	122	10	distributed	distributed	ADJ
ajst-22355	122	11	ledger	ledger	NOUN
ajst-22355	122	12	technology	technology	NOUN
ajst-22355	122	13	,	,	PUNCT
ajst-22355	122	14	offer	offer	VERB
ajst-22355	122	15	more	more	ADV
ajst-22355	122	16	efficient	efficient	ADJ
ajst-22355	122	17	and	and	CCONJ
ajst-22355	122	18	secure	secure	ADJ
ajst-22355	122	19	solutions	solution	NOUN
ajst-22355	122	20	for	for	ADP
ajst-22355	122	21	renminbi	renminbi	NOUN
ajst-22355	122	22	cross	cross	ADJ
ajst-22355	122	23	-	-	ADJ
ajst-22355	122	24	border	border	ADJ
ajst-22355	122	25	payments	payment	NOUN
ajst-22355	122	26	and	and	CCONJ
ajst-22355	122	27	settlements	settlement	NOUN
ajst-22355	122	28	,	,	PUNCT
ajst-22355	122	29	enhancing	enhance	VERB
ajst-22355	122	30	transaction	transaction	NOUN
ajst-22355	122	31	speed	speed	NOUN
ajst-22355	122	32	,	,	PUNCT
ajst-22355	122	33	transparency	transparency	NOUN
ajst-22355	122	34	,	,	PUNCT
ajst-22355	122	35	and	and	CCONJ
ajst-22355	122	36	reducing	reduce	VERB
ajst-22355	122	37	transaction	transaction	NOUN
ajst-22355	122	38	costs	cost	NOUN
ajst-22355	122	39	,	,	PUNCT
ajst-22355	122	40	thus	thus	ADV
ajst-22355	122	41	improving	improve	VERB
ajst-22355	122	42	market	market	NOUN
ajst-22355	122	43	liquidity	liquidity	NOUN
ajst-22355	122	44	and	and	CCONJ
ajst-22355	122	45	activity	activity	NOUN
ajst-22355	122	46	.	.	PUNCT
ajst-22355	123	1	the	the	DET
ajst-22355	123	2	application	application	NOUN
ajst-22355	123	3	of	of	ADP
ajst-22355	123	4	big	big	ADJ
ajst-22355	123	5	data	datum	NOUN
ajst-22355	123	6	and	and	CCONJ
ajst-22355	123	7	artificial	artificial	ADJ
ajst-22355	123	8	intelligence	intelligence	NOUN
ajst-22355	123	9	technology	technology	NOUN
ajst-22355	123	10	in	in	ADP
ajst-22355	123	11	market	market	NOUN
ajst-22355	123	12	analysis	analysis	NOUN
ajst-22355	123	13	,	,	PUNCT
ajst-22355	123	14	risk	risk	NOUN
ajst-22355	123	15	management	management	NOUN
ajst-22355	123	16	,	,	PUNCT
ajst-22355	123	17	and	and	CCONJ
ajst-22355	123	18	customer	customer	NOUN
ajst-22355	123	19	service	service	NOUN
ajst-22355	123	20	provides	provide	VERB
ajst-22355	123	21	more	more	ADV
ajst-22355	123	22	precise	precise	ADJ
ajst-22355	123	23	and	and	CCONJ
ajst-22355	123	24	efficient	efficient	ADJ
ajst-22355	123	25	support	support	NOUN
ajst-22355	123	26	for	for	ADP
ajst-22355	123	27	the	the	DET
ajst-22355	123	28	renminbi	renminbi	NOUN
ajst-22355	123	29	offshore	offshore	ADJ
ajst-22355	123	30	market	market	NOUN
ajst-22355	123	31	.	.	PUNCT
ajst-22355	124	1	through	through	ADP
ajst-22355	124	2	big	big	ADJ
ajst-22355	124	3	data	datum	NOUN
ajst-22355	124	4	analysis	analysis	NOUN
ajst-22355	124	5	,	,	PUNCT
ajst-22355	124	6	market	market	NOUN
ajst-22355	124	7	demand	demand	NOUN
ajst-22355	124	8	and	and	CCONJ
ajst-22355	124	9	trends	trend	NOUN
ajst-22355	124	10	can	can	AUX
ajst-22355	124	11	be	be	AUX
ajst-22355	124	12	better	well	ADV
ajst-22355	124	13	understood	understand	VERB
ajst-22355	124	14	,	,	PUNCT
ajst-22355	124	15	optimizing	optimize	VERB
ajst-22355	124	16	trading	trading	NOUN
ajst-22355	124	17	strategies	strategy	NOUN
ajst-22355	124	18	and	and	CCONJ
ajst-22355	124	19	risk	risk	NOUN
ajst-22355	124	20	control	control	NOUN
ajst-22355	124	21	measures	measure	NOUN
ajst-22355	124	22	.	.	PUNCT
ajst-22355	125	1	the	the	DET
ajst-22355	125	2	development	development	NOUN
ajst-22355	125	3	and	and	CCONJ
ajst-22355	125	4	application	application	NOUN
ajst-22355	125	5	of	of	ADP
ajst-22355	125	6	various	various	ADJ
ajst-22355	125	7	financial	financial	ADJ
ajst-22355	125	8	platforms	platform	NOUN
ajst-22355	125	9	and	and	CCONJ
ajst-22355	125	10	tools	tool	NOUN
ajst-22355	125	11	,	,	PUNCT
ajst-22355	125	12	such	such	ADJ
ajst-22355	125	13	as	as	ADP
ajst-22355	125	14	electronic	electronic	ADJ
ajst-22355	125	15	trading	trading	NOUN
ajst-22355	125	16	platforms	platform	NOUN
ajst-22355	125	17	,	,	PUNCT
ajst-22355	125	18	robo	robo	NOUN
ajst-22355	125	19	-	-	PUNCT
ajst-22355	125	20	advisors	advisor	NOUN
ajst-22355	125	21	,	,	PUNCT
ajst-22355	125	22	and	and	CCONJ
ajst-22355	125	23	blockchain	blockchain	PROPN
ajst-22355	125	24	asset	asset	PROPN
ajst-22355	125	25	trading	trading	NOUN
ajst-22355	125	26	,	,	PUNCT
ajst-22355	125	27	provide	provide	VERB
ajst-22355	125	28	more	more	ADV
ajst-22355	125	29	diversified	diversified	ADJ
ajst-22355	125	30	trading	trading	NOUN
ajst-22355	125	31	and	and	CCONJ
ajst-22355	125	32	investment	investment	NOUN
ajst-22355	125	33	options	option	NOUN
ajst-22355	125	34	for	for	ADP
ajst-22355	125	35	the	the	DET
ajst-22355	125	36	renminbi	renminbi	NOUN
ajst-22355	125	37	offshore	offshore	ADJ
ajst-22355	125	38	market	market	NOUN
ajst-22355	125	39	,	,	PUNCT
ajst-22355	125	40	attracting	attract	VERB
ajst-22355	125	41	more	more	ADJ
ajst-22355	125	42	international	international	ADJ
ajst-22355	125	43	investors	investor	NOUN
ajst-22355	125	44	'	'	PART
ajst-22355	125	45	participation	participation	NOUN
ajst-22355	125	46	.	.	PUNCT
ajst-22355	126	1	8	8	X
ajst-22355	126	2	.	.	PUNCT
ajst-22355	126	3	development	development	NOUN
ajst-22355	126	4	trends	trend	NOUN
ajst-22355	126	5	and	and	CCONJ
ajst-22355	126	6	prospects	prospect	NOUN
ajst-22355	126	7	of	of	ADP
ajst-22355	126	8	the	the	DET
ajst-22355	126	9	renminbi	renminbi	NOUN
ajst-22355	126	10	offshore	offshore	ADJ
ajst-22355	126	11	market	market	NOUN
ajst-22355	126	12	8.1	8.1	NUM
ajst-22355	126	13	.	.	PUNCT
ajst-22355	127	1	current	current	ADJ
ajst-22355	127	2	development	development	NOUN
ajst-22355	127	3	status	status	NOUN
ajst-22355	127	4	and	and	CCONJ
ajst-22355	127	5	trends	trend	NOUN
ajst-22355	127	6	in	in	ADP
ajst-22355	127	7	recent	recent	ADJ
ajst-22355	127	8	years	year	NOUN
ajst-22355	127	9	,	,	PUNCT
ajst-22355	127	10	the	the	DET
ajst-22355	127	11	renminbi	renminbi	NOUN
ajst-22355	127	12	offshore	offshore	ADJ
ajst-22355	127	13	market	market	NOUN
ajst-22355	127	14	has	have	AUX
ajst-22355	127	15	witnessed	witness	VERB
ajst-22355	127	16	significant	significant	ADJ
ajst-22355	127	17	development	development	NOUN
ajst-22355	127	18	and	and	CCONJ
ajst-22355	127	19	several	several	ADJ
ajst-22355	127	20	key	key	ADJ
ajst-22355	127	21	trends	trend	NOUN
ajst-22355	127	22	.	.	PUNCT
ajst-22355	128	1	firstly	firstly	ADV
ajst-22355	128	2	,	,	PUNCT
ajst-22355	128	3	the	the	DET
ajst-22355	128	4	market	market	NOUN
ajst-22355	128	5	size	size	NOUN
ajst-22355	128	6	continues	continue	VERB
ajst-22355	128	7	to	to	PART
ajst-22355	128	8	expand	expand	VERB
ajst-22355	128	9	rapidly	rapidly	ADV
ajst-22355	128	10	as	as	SCONJ
ajst-22355	128	11	the	the	DET
ajst-22355	128	12	internationalization	internationalization	NOUN
ajst-22355	128	13	of	of	ADP
ajst-22355	128	14	the	the	DET
ajst-22355	128	15	renminbi	renminbi	NOUN
ajst-22355	128	16	accelerates	accelerate	VERB
ajst-22355	128	17	.	.	PUNCT
ajst-22355	129	1	trading	trading	NOUN
ajst-22355	129	2	volumes	volume	NOUN
ajst-22355	129	3	and	and	CCONJ
ajst-22355	129	4	the	the	DET
ajst-22355	129	5	variety	variety	NOUN
ajst-22355	129	6	of	of	ADP
ajst-22355	129	7	financial	financial	ADJ
ajst-22355	129	8	products	product	NOUN
ajst-22355	129	9	in	in	ADP
ajst-22355	129	10	major	major	ADJ
ajst-22355	129	11	renminbi	renminbi	NOUN
ajst-22355	129	12	offshore	offshore	ADJ
ajst-22355	129	13	centers	center	NOUN
ajst-22355	129	14	have	have	AUX
ajst-22355	129	15	increased	increase	VERB
ajst-22355	129	16	,	,	PUNCT
ajst-22355	129	17	significantly	significantly	ADV
ajst-22355	129	18	enhancing	enhance	VERB
ajst-22355	129	19	market	market	NOUN
ajst-22355	129	20	liquidity	liquidity	NOUN
ajst-22355	129	21	.	.	PUNCT
ajst-22355	130	1	secondly	secondly	ADV
ajst-22355	130	2	,	,	PUNCT
ajst-22355	130	3	the	the	DET
ajst-22355	130	4	government	government	NOUN
ajst-22355	130	5	continues	continue	VERB
ajst-22355	130	6	to	to	PART
ajst-22355	130	7	introduce	introduce	VERB
ajst-22355	130	8	supportive	supportive	ADJ
ajst-22355	130	9	policies	policy	NOUN
ajst-22355	130	10	,	,	PUNCT
ajst-22355	130	11	such	such	ADJ
ajst-22355	130	12	as	as	ADP
ajst-22355	130	13	relaxing	relax	VERB
ajst-22355	130	14	capital	capital	NOUN
ajst-22355	130	15	account	account	NOUN
ajst-22355	130	16	controls	control	NOUN
ajst-22355	130	17	and	and	CCONJ
ajst-22355	130	18	promoting	promote	VERB
ajst-22355	130	19	the	the	DET
ajst-22355	130	20	application	application	NOUN
ajst-22355	130	21	of	of	ADP
ajst-22355	130	22	the	the	DET
ajst-22355	130	23	cross	cross	ADJ
ajst-22355	130	24	-	-	ADJ
ajst-22355	130	25	border	border	ADJ
ajst-22355	130	26	interbank	interbank	NOUN
ajst-22355	130	27	payment	payment	NOUN
ajst-22355	130	28	system	system	NOUN
ajst-22355	130	29	(	(	PUNCT
ajst-22355	130	30	cips	cip	NOUN
ajst-22355	130	31	)	)	PUNCT
ajst-22355	130	32	,	,	PUNCT
ajst-22355	130	33	providing	provide	VERB
ajst-22355	130	34	strong	strong	ADJ
ajst-22355	130	35	support	support	NOUN
ajst-22355	130	36	for	for	ADP
ajst-22355	130	37	market	market	NOUN
ajst-22355	130	38	development	development	NOUN
ajst-22355	130	39	.	.	PUNCT
ajst-22355	131	1	thirdly	thirdly	ADV
ajst-22355	131	2	,	,	PUNCT
ajst-22355	131	3	financial	financial	ADJ
ajst-22355	131	4	product	product	NOUN
ajst-22355	131	5	innovation	innovation	NOUN
ajst-22355	131	6	continues	continue	VERB
ajst-22355	131	7	,	,	PUNCT
ajst-22355	131	8	including	include	VERB
ajst-22355	131	9	offshore	offshore	ADJ
ajst-22355	131	10	renminbi	renminbi	NOUN
ajst-22355	131	11	bonds	bond	NOUN
ajst-22355	131	12	,	,	PUNCT
ajst-22355	131	13	foreign	foreign	ADJ
ajst-22355	131	14	exchange	exchange	NOUN
ajst-22355	131	15	options	option	NOUN
ajst-22355	131	16	,	,	PUNCT
ajst-22355	131	17	futures	future	NOUN
ajst-22355	131	18	,	,	PUNCT
ajst-22355	131	19	and	and	CCONJ
ajst-22355	131	20	other	other	ADJ
ajst-22355	131	21	derivatives	derivative	NOUN
ajst-22355	131	22	,	,	PUNCT
ajst-22355	131	23	meeting	meet	VERB
ajst-22355	131	24	diverse	diverse	ADJ
ajst-22355	131	25	market	market	NOUN
ajst-22355	131	26	demands	demand	NOUN
ajst-22355	131	27	and	and	CCONJ
ajst-22355	131	28	enhancing	enhance	VERB
ajst-22355	131	29	market	market	NOUN
ajst-22355	131	30	attractiveness	attractiveness	NOUN
ajst-22355	131	31	.	.	PUNCT
ajst-22355	132	1	lastly	lastly	ADV
ajst-22355	132	2	,	,	PUNCT
ajst-22355	132	3	market	market	NOUN
ajst-22355	132	4	participants	participant	NOUN
ajst-22355	132	5	are	be	AUX
ajst-22355	132	6	becoming	become	VERB
ajst-22355	132	7	increasingly	increasingly	ADV
ajst-22355	132	8	diverse	diverse	ADJ
ajst-22355	132	9	,	,	PUNCT
ajst-22355	132	10	attracting	attract	VERB
ajst-22355	132	11	more	more	ADJ
ajst-22355	132	12	institutional	institutional	ADJ
ajst-22355	132	13	and	and	CCONJ
ajst-22355	132	14	individual	individual	ADJ
ajst-22355	132	15	investors	investor	NOUN
ajst-22355	132	16	,	,	PUNCT
ajst-22355	132	17	thereby	thereby	ADV
ajst-22355	132	18	enhancing	enhance	VERB
ajst-22355	132	19	market	market	NOUN
ajst-22355	132	20	depth	depth	NOUN
ajst-22355	132	21	and	and	CCONJ
ajst-22355	132	22	breadth	breadth	NOUN
ajst-22355	132	23	.	.	PUNCT
ajst-22355	133	1	8.2	8.2	NUM
ajst-22355	133	2	.	.	PUNCT
ajst-22355	134	1	future	future	ADJ
ajst-22355	134	2	development	development	NOUN
ajst-22355	134	3	directions	direction	NOUN
ajst-22355	134	4	and	and	CCONJ
ajst-22355	134	5	possible	possible	ADJ
ajst-22355	134	6	paths	path	NOUN
ajst-22355	134	7	looking	look	VERB
ajst-22355	134	8	ahead	ahead	ADV
ajst-22355	134	9	,	,	PUNCT
ajst-22355	134	10	the	the	DET
ajst-22355	134	11	renminbi	renminbi	NOUN
ajst-22355	134	12	offshore	offshore	ADJ
ajst-22355	134	13	market	market	NOUN
ajst-22355	134	14	will	will	AUX
ajst-22355	134	15	continue	continue	VERB
ajst-22355	134	16	to	to	PART
ajst-22355	134	17	develop	develop	VERB
ajst-22355	134	18	in	in	ADP
ajst-22355	134	19	several	several	ADJ
ajst-22355	134	20	directions	direction	NOUN
ajst-22355	134	21	,	,	PUNCT
ajst-22355	134	22	further	far	ADV
ajst-22355	134	23	enhancing	enhance	VERB
ajst-22355	134	24	its	its	PRON
ajst-22355	134	25	position	position	NOUN
ajst-22355	134	26	and	and	CCONJ
ajst-22355	134	27	influence	influence	NOUN
ajst-22355	134	28	in	in	ADP
ajst-22355	134	29	the	the	DET
ajst-22355	134	30	international	international	ADJ
ajst-22355	134	31	financial	financial	ADJ
ajst-22355	134	32	system	system	NOUN
ajst-22355	134	33	.	.	PUNCT
ajst-22355	135	1	firstly	firstly	ADV
ajst-22355	135	2	,	,	PUNCT
ajst-22355	135	3	the	the	DET
ajst-22355	135	4	market	market	NOUN
ajst-22355	135	5	size	size	NOUN
ajst-22355	135	6	and	and	CCONJ
ajst-22355	135	7	influence	influence	NOUN
ajst-22355	135	8	will	will	AUX
ajst-22355	135	9	continue	continue	VERB
ajst-22355	135	10	to	to	PART
ajst-22355	135	11	expand	expand	VERB
ajst-22355	135	12	as	as	SCONJ
ajst-22355	135	13	china	china	PROPN
ajst-22355	135	14	promotes	promote	VERB
ajst-22355	135	15	more	more	ADJ
ajst-22355	135	16	countries	country	NOUN
ajst-22355	135	17	and	and	CCONJ
ajst-22355	135	18	regions	region	NOUN
ajst-22355	135	19	to	to	PART
ajst-22355	135	20	use	use	VERB
ajst-22355	135	21	renminbi	renminbi	NOUN
ajst-22355	135	22	for	for	ADP
ajst-22355	135	23	trade	trade	NOUN
ajst-22355	135	24	settlement	settlement	NOUN
ajst-22355	135	25	and	and	CCONJ
ajst-22355	135	26	investment	investment	NOUN
ajst-22355	135	27	,	,	PUNCT
ajst-22355	135	28	increasing	increase	VERB
ajst-22355	135	29	renminbi	renminbi	NOUN
ajst-22355	135	30	's	's	PART
ajst-22355	135	31	usage	usage	NOUN
ajst-22355	135	32	in	in	ADP
ajst-22355	135	33	international	international	ADJ
ajst-22355	135	34	markets	market	NOUN
ajst-22355	135	35	.	.	PUNCT
ajst-22355	136	1	secondly	secondly	ADV
ajst-22355	136	2	,	,	PUNCT
ajst-22355	136	3	deepening	deepen	VERB
ajst-22355	136	4	financial	financial	ADJ
ajst-22355	136	5	market	market	NOUN
ajst-22355	136	6	reforms	reform	NOUN
ajst-22355	136	7	will	will	AUX
ajst-22355	136	8	be	be	AUX
ajst-22355	136	9	crucial	crucial	ADJ
ajst-22355	136	10	,	,	PUNCT
ajst-22355	136	11	with	with	ADP
ajst-22355	136	12	china	china	PROPN
ajst-22355	136	13	further	far	ADV
ajst-22355	136	14	relaxing	relax	VERB
ajst-22355	136	15	capital	capital	NOUN
ajst-22355	136	16	account	account	NOUN
ajst-22355	136	17	controls	control	NOUN
ajst-22355	136	18	to	to	PART
ajst-22355	136	19	attract	attract	VERB
ajst-22355	136	20	more	more	ADJ
ajst-22355	136	21	international	international	ADJ
ajst-22355	136	22	capital	capital	NOUN
ajst-22355	136	23	into	into	ADP
ajst-22355	136	24	the	the	DET
ajst-22355	136	25	renminbi	renminbi	NOUN
ajst-22355	136	26	offshore	offshore	ADJ
ajst-22355	136	27	market	market	NOUN
ajst-22355	136	28	.	.	PUNCT
ajst-22355	137	1	thirdly	thirdly	ADV
ajst-22355	137	2	,	,	PUNCT
ajst-22355	137	3	the	the	DET
ajst-22355	137	4	rapid	rapid	ADJ
ajst-22355	137	5	development	development	NOUN
ajst-22355	137	6	of	of	ADP
ajst-22355	137	7	financial	financial	ADJ
ajst-22355	137	8	technology	technology	NOUN
ajst-22355	137	9	will	will	AUX
ajst-22355	137	10	provide	provide	VERB
ajst-22355	137	11	new	new	ADJ
ajst-22355	137	12	impetus	impetus	NOUN
ajst-22355	137	13	to	to	ADP
ajst-22355	137	14	the	the	DET
ajst-22355	137	15	market	market	NOUN
ajst-22355	137	16	.	.	PUNCT
ajst-22355	138	1	future	future	ADJ
ajst-22355	138	2	applications	application	NOUN
ajst-22355	138	3	of	of	ADP
ajst-22355	138	4	technologies	technology	NOUN
ajst-22355	138	5	such	such	ADJ
ajst-22355	138	6	as	as	ADP
ajst-22355	138	7	blockchain	blockchain	NOUN
ajst-22355	138	8	,	,	PUNCT
ajst-22355	138	9	artificial	artificial	ADJ
ajst-22355	138	10	intelligence	intelligence	NOUN
ajst-22355	138	11	,	,	PUNCT
ajst-22355	138	12	and	and	CCONJ
ajst-22355	138	13	big	big	ADJ
ajst-22355	138	14	data	datum	NOUN
ajst-22355	138	15	will	will	AUX
ajst-22355	138	16	enhance	enhance	VERB
ajst-22355	138	17	market	market	NOUN
ajst-22355	138	18	efficiency	efficiency	NOUN
ajst-22355	138	19	and	and	CCONJ
ajst-22355	138	20	transparency	transparency	NOUN
ajst-22355	138	21	.	.	PUNCT
ajst-22355	139	1	143	143	NUM
ajst-22355	139	2	additionally	additionally	ADV
ajst-22355	139	3	,	,	PUNCT
ajst-22355	139	4	strengthening	strengthen	VERB
ajst-22355	139	5	international	international	ADJ
ajst-22355	139	6	cooperation	cooperation	NOUN
ajst-22355	139	7	and	and	CCONJ
ajst-22355	139	8	connectivity	connectivity	NOUN
ajst-22355	139	9	,	,	PUNCT
ajst-22355	139	10	as	as	ADV
ajst-22355	139	11	well	well	ADV
ajst-22355	139	12	as	as	ADP
ajst-22355	139	13	improving	improve	VERB
ajst-22355	139	14	market	market	NOUN
ajst-22355	139	15	regulation	regulation	NOUN
ajst-22355	139	16	and	and	CCONJ
ajst-22355	139	17	risk	risk	NOUN
ajst-22355	139	18	control	control	NOUN
ajst-22355	139	19	,	,	PUNCT
ajst-22355	139	20	will	will	AUX
ajst-22355	139	21	also	also	ADV
ajst-22355	139	22	be	be	AUX
ajst-22355	139	23	key	key	ADJ
ajst-22355	139	24	focuses	focus	NOUN
ajst-22355	139	25	for	for	ADP
ajst-22355	139	26	future	future	ADJ
ajst-22355	139	27	development	development	NOUN
ajst-22355	139	28	.	.	PUNCT
ajst-22355	140	1	9	9	X
ajst-22355	140	2	.	.	X
ajst-22355	140	3	conclusion	conclusion	NOUN
ajst-22355	140	4	and	and	CCONJ
ajst-22355	140	5	policy	policy	NOUN
ajst-22355	140	6	recommendations	recommendation	NOUN
ajst-22355	140	7	9.1	9.1	NUM
ajst-22355	140	8	.	.	PUNCT
ajst-22355	141	1	conclusion	conclusion	NOUN
ajst-22355	141	2	through	through	ADP
ajst-22355	141	3	comprehensive	comprehensive	ADJ
ajst-22355	141	4	analysis	analysis	NOUN
ajst-22355	141	5	of	of	ADP
ajst-22355	141	6	the	the	DET
ajst-22355	141	7	development	development	NOUN
ajst-22355	141	8	process	process	NOUN
ajst-22355	141	9	,	,	PUNCT
ajst-22355	141	10	functions	function	NOUN
ajst-22355	141	11	,	,	PUNCT
ajst-22355	141	12	influencing	influence	VERB
ajst-22355	141	13	factors	factor	NOUN
ajst-22355	141	14	,	,	PUNCT
ajst-22355	141	15	and	and	CCONJ
ajst-22355	141	16	future	future	ADJ
ajst-22355	141	17	trends	trend	NOUN
ajst-22355	141	18	of	of	ADP
ajst-22355	141	19	the	the	DET
ajst-22355	141	20	renminbi	renminbi	NOUN
ajst-22355	141	21	offshore	offshore	ADJ
ajst-22355	141	22	market	market	NOUN
ajst-22355	141	23	,	,	PUNCT
ajst-22355	141	24	the	the	DET
ajst-22355	141	25	following	follow	VERB
ajst-22355	141	26	main	main	ADJ
ajst-22355	141	27	conclusions	conclusion	NOUN
ajst-22355	141	28	can	can	AUX
ajst-22355	141	29	be	be	AUX
ajst-22355	141	30	drawn	draw	VERB
ajst-22355	141	31	:	:	PUNCT
ajst-22355	141	32	significance	significance	NOUN
ajst-22355	141	33	of	of	ADP
ajst-22355	141	34	the	the	DET
ajst-22355	141	35	renminbi	renminbi	NOUN
ajst-22355	141	36	offshore	offshore	ADJ
ajst-22355	141	37	market	market	NOUN
ajst-22355	141	38	:	:	PUNCT
ajst-22355	141	39	the	the	DET
ajst-22355	141	40	renminbi	renminbi	NOUN
ajst-22355	141	41	offshore	offshore	ADJ
ajst-22355	141	42	market	market	NOUN
ajst-22355	141	43	plays	play	VERB
ajst-22355	141	44	a	a	DET
ajst-22355	141	45	crucial	crucial	ADJ
ajst-22355	141	46	role	role	NOUN
ajst-22355	141	47	in	in	ADP
ajst-22355	141	48	the	the	DET
ajst-22355	141	49	internationalization	internationalization	NOUN
ajst-22355	141	50	of	of	ADP
ajst-22355	141	51	the	the	DET
ajst-22355	141	52	renminbi	renminbi	NOUN
ajst-22355	141	53	.	.	PUNCT
ajst-22355	142	1	it	it	PRON
ajst-22355	142	2	not	not	PART
ajst-22355	142	3	only	only	ADV
ajst-22355	142	4	provides	provide	VERB
ajst-22355	142	5	convenient	convenient	ADJ
ajst-22355	142	6	settlement	settlement	NOUN
ajst-22355	142	7	tools	tool	NOUN
ajst-22355	142	8	and	and	CCONJ
ajst-22355	142	9	financing	financing	NOUN
ajst-22355	142	10	channels	channel	NOUN
ajst-22355	142	11	for	for	ADP
ajst-22355	142	12	international	international	ADJ
ajst-22355	142	13	trade	trade	NOUN
ajst-22355	142	14	and	and	CCONJ
ajst-22355	142	15	investment	investment	NOUN
ajst-22355	142	16	but	but	CCONJ
ajst-22355	142	17	also	also	ADV
ajst-22355	142	18	offers	offer	VERB
ajst-22355	142	19	diversified	diversified	ADJ
ajst-22355	142	20	investment	investment	NOUN
ajst-22355	142	21	options	option	NOUN
ajst-22355	142	22	for	for	ADP
ajst-22355	142	23	global	global	ADJ
ajst-22355	142	24	investors	investor	NOUN
ajst-22355	142	25	,	,	PUNCT
ajst-22355	142	26	enhancing	enhance	VERB
ajst-22355	142	27	the	the	DET
ajst-22355	142	28	renminbi	renminbi	NOUN
ajst-22355	142	29	's	's	PART
ajst-22355	142	30	position	position	NOUN
ajst-22355	142	31	and	and	CCONJ
ajst-22355	142	32	influence	influence	NOUN
ajst-22355	142	33	in	in	ADP
ajst-22355	142	34	the	the	DET
ajst-22355	142	35	international	international	ADJ
ajst-22355	142	36	financial	financial	ADJ
ajst-22355	142	37	system	system	NOUN
ajst-22355	142	38	.	.	PUNCT
ajst-22355	143	1	continuously	continuously	ADV
ajst-22355	143	2	expanding	expand	VERB
ajst-22355	143	3	market	market	NOUN
ajst-22355	143	4	size	size	NOUN
ajst-22355	143	5	and	and	CCONJ
ajst-22355	143	6	participation	participation	NOUN
ajst-22355	143	7	:	:	PUNCT
ajst-22355	143	8	with	with	ADP
ajst-22355	143	9	china	china	PROPN
ajst-22355	143	10	's	's	PART
ajst-22355	143	11	sustained	sustained	ADJ
ajst-22355	143	12	economic	economic	ADJ
ajst-22355	143	13	growth	growth	NOUN
ajst-22355	143	14	and	and	CCONJ
ajst-22355	143	15	deepening	deepen	VERB
ajst-22355	143	16	opening	opening	NOUN
ajst-22355	143	17	-	-	PUNCT
ajst-22355	143	18	up	up	NOUN
ajst-22355	143	19	,	,	PUNCT
ajst-22355	143	20	the	the	DET
ajst-22355	143	21	renminbi	renminbi	NOUN
ajst-22355	143	22	offshore	offshore	ADJ
ajst-22355	143	23	market	market	NOUN
ajst-22355	143	24	's	's	PART
ajst-22355	143	25	size	size	NOUN
ajst-22355	143	26	continues	continue	VERB
ajst-22355	143	27	to	to	PART
ajst-22355	143	28	expand	expand	VERB
ajst-22355	143	29	,	,	PUNCT
ajst-22355	143	30	and	and	CCONJ
ajst-22355	143	31	the	the	DET
ajst-22355	143	32	diversity	diversity	NOUN
ajst-22355	143	33	of	of	ADP
ajst-22355	143	34	participants	participant	NOUN
ajst-22355	143	35	is	be	AUX
ajst-22355	143	36	increasing	increase	VERB
ajst-22355	143	37	.	.	PUNCT
ajst-22355	144	1	the	the	DET
ajst-22355	144	2	trading	trading	NOUN
ajst-22355	144	3	volume	volume	NOUN
ajst-22355	144	4	and	and	CCONJ
ajst-22355	144	5	variety	variety	NOUN
ajst-22355	144	6	of	of	ADP
ajst-22355	144	7	financial	financial	ADJ
ajst-22355	144	8	products	product	NOUN
ajst-22355	144	9	in	in	ADP
ajst-22355	144	10	major	major	ADJ
ajst-22355	144	11	renminbi	renminbi	NOUN
ajst-22355	144	12	offshore	offshore	ADJ
ajst-22355	144	13	centers	center	NOUN
ajst-22355	144	14	(	(	PUNCT
ajst-22355	144	15	such	such	ADJ
ajst-22355	144	16	as	as	ADP
ajst-22355	144	17	hong	hong	PROPN
ajst-22355	144	18	kong	kong	PROPN
ajst-22355	144	19	,	,	PUNCT
ajst-22355	144	20	singapore	singapore	PROPN
ajst-22355	144	21	,	,	PUNCT
ajst-22355	144	22	london	london	PROPN
ajst-22355	144	23	,	,	PUNCT
ajst-22355	144	24	etc	etc	X
ajst-22355	144	25	.	.	X
ajst-22355	144	26	)	)	PUNCT
ajst-22355	144	27	are	be	AUX
ajst-22355	144	28	continuously	continuously	ADV
ajst-22355	144	29	growing	grow	VERB
ajst-22355	144	30	,	,	PUNCT
ajst-22355	144	31	significantly	significantly	ADV
ajst-22355	144	32	boosting	boost	VERB
ajst-22355	144	33	market	market	NOUN
ajst-22355	144	34	activity	activity	NOUN
ajst-22355	144	35	.	.	PUNCT
ajst-22355	145	1	policy	policy	NOUN
ajst-22355	145	2	support	support	NOUN
ajst-22355	145	3	and	and	CCONJ
ajst-22355	145	4	financial	financial	ADJ
ajst-22355	145	5	innovation	innovation	NOUN
ajst-22355	145	6	:	:	PUNCT
ajst-22355	145	7	government	government	NOUN
ajst-22355	145	8	policy	policy	NOUN
ajst-22355	145	9	support	support	NOUN
ajst-22355	145	10	and	and	CCONJ
ajst-22355	145	11	financial	financial	ADJ
ajst-22355	145	12	innovation	innovation	NOUN
ajst-22355	145	13	are	be	AUX
ajst-22355	145	14	important	important	ADJ
ajst-22355	145	15	drivers	driver	NOUN
ajst-22355	145	16	of	of	ADP
ajst-22355	145	17	the	the	DET
ajst-22355	145	18	development	development	NOUN
ajst-22355	145	19	of	of	ADP
ajst-22355	145	20	the	the	DET
ajst-22355	145	21	renminbi	renminbi	NOUN
ajst-22355	145	22	offshore	offshore	ADJ
ajst-22355	145	23	market	market	NOUN
ajst-22355	145	24	.	.	PUNCT
ajst-22355	146	1	by	by	ADP
ajst-22355	146	2	continuously	continuously	ADV
ajst-22355	146	3	optimizing	optimize	VERB
ajst-22355	146	4	the	the	DET
ajst-22355	146	5	policy	policy	NOUN
ajst-22355	146	6	environment	environment	NOUN
ajst-22355	146	7	and	and	CCONJ
ajst-22355	146	8	introducing	introduce	VERB
ajst-22355	146	9	innovative	innovative	ADJ
ajst-22355	146	10	financial	financial	ADJ
ajst-22355	146	11	products	product	NOUN
ajst-22355	146	12	and	and	CCONJ
ajst-22355	146	13	services	service	NOUN
ajst-22355	146	14	,	,	PUNCT
ajst-22355	146	15	the	the	DET
ajst-22355	146	16	competitiveness	competitiveness	NOUN
ajst-22355	146	17	and	and	CCONJ
ajst-22355	146	18	attractiveness	attractiveness	NOUN
ajst-22355	146	19	of	of	ADP
ajst-22355	146	20	the	the	DET
ajst-22355	146	21	renminbi	renminbi	NOUN
ajst-22355	146	22	offshore	offshore	ADJ
ajst-22355	146	23	market	market	NOUN
ajst-22355	146	24	in	in	ADP
ajst-22355	146	25	the	the	DET
ajst-22355	146	26	global	global	ADJ
ajst-22355	146	27	financial	financial	ADJ
ajst-22355	146	28	system	system	NOUN
ajst-22355	146	29	have	have	AUX
ajst-22355	146	30	significantly	significantly	ADV
ajst-22355	146	31	increased	increase	VERB
ajst-22355	146	32	.	.	PUNCT
ajst-22355	147	1	challenges	challenge	NOUN
ajst-22355	147	2	and	and	CCONJ
ajst-22355	147	3	opportunities	opportunity	NOUN
ajst-22355	147	4	:	:	PUNCT
ajst-22355	147	5	despite	despite	SCONJ
ajst-22355	147	6	the	the	DET
ajst-22355	147	7	rapid	rapid	ADJ
ajst-22355	147	8	development	development	NOUN
ajst-22355	147	9	of	of	ADP
ajst-22355	147	10	the	the	DET
ajst-22355	147	11	renminbi	renminbi	NOUN
ajst-22355	147	12	offshore	offshore	ADJ
ajst-22355	147	13	market	market	NOUN
ajst-22355	147	14	,	,	PUNCT
ajst-22355	147	15	it	it	PRON
ajst-22355	147	16	still	still	ADV
ajst-22355	147	17	faces	face	VERB
ajst-22355	147	18	many	many	ADJ
ajst-22355	147	19	challenges	challenge	NOUN
ajst-22355	147	20	,	,	PUNCT
ajst-22355	147	21	such	such	ADJ
ajst-22355	147	22	as	as	ADP
ajst-22355	147	23	market	market	NOUN
ajst-22355	147	24	regulation	regulation	NOUN
ajst-22355	147	25	,	,	PUNCT
ajst-22355	147	26	risk	risk	NOUN
ajst-22355	147	27	management	management	NOUN
ajst-22355	147	28	,	,	PUNCT
ajst-22355	147	29	and	and	CCONJ
ajst-22355	147	30	uncertainty	uncertainty	NOUN
ajst-22355	147	31	in	in	ADP
ajst-22355	147	32	the	the	DET
ajst-22355	147	33	international	international	ADJ
ajst-22355	147	34	environment	environment	NOUN
ajst-22355	147	35	.	.	PUNCT
ajst-22355	148	1	future	future	ADJ
ajst-22355	148	2	development	development	NOUN
ajst-22355	148	3	requires	require	VERB
ajst-22355	148	4	further	far	ADV
ajst-22355	148	5	deepening	deepen	VERB
ajst-22355	148	6	financial	financial	ADJ
ajst-22355	148	7	reforms	reform	NOUN
ajst-22355	148	8	,	,	PUNCT
ajst-22355	148	9	promoting	promote	VERB
ajst-22355	148	10	technological	technological	ADJ
ajst-22355	148	11	innovation	innovation	NOUN
ajst-22355	148	12	,	,	PUNCT
ajst-22355	148	13	and	and	CCONJ
ajst-22355	148	14	strengthening	strengthen	VERB
ajst-22355	148	15	international	international	ADJ
ajst-22355	148	16	cooperation	cooperation	NOUN
ajst-22355	148	17	to	to	PART
ajst-22355	148	18	address	address	VERB
ajst-22355	148	19	challenges	challenge	NOUN
ajst-22355	148	20	,	,	PUNCT
ajst-22355	148	21	seize	seize	VERB
ajst-22355	148	22	opportunities	opportunity	NOUN
ajst-22355	148	23	,	,	PUNCT
ajst-22355	148	24	and	and	CCONJ
ajst-22355	148	25	achieve	achieve	VERB
ajst-22355	148	26	healthy	healthy	ADJ
ajst-22355	148	27	and	and	CCONJ
ajst-22355	148	28	sustainable	sustainable	ADJ
ajst-22355	148	29	market	market	NOUN
ajst-22355	148	30	development	development	NOUN
ajst-22355	148	31	.	.	PUNCT
ajst-22355	149	1	9.2	9.2	NUM
ajst-22355	149	2	.	.	PUNCT
ajst-22355	150	1	policy	policy	NOUN
ajst-22355	150	2	recommendations	recommendation	NOUN
ajst-22355	150	3	to	to	PART
ajst-22355	150	4	promote	promote	VERB
ajst-22355	150	5	the	the	DET
ajst-22355	150	6	healthy	healthy	ADJ
ajst-22355	150	7	development	development	NOUN
ajst-22355	150	8	of	of	ADP
ajst-22355	150	9	the	the	DET
ajst-22355	150	10	renminbi	renminbi	NOUN
ajst-22355	150	11	offshore	offshore	ADJ
ajst-22355	150	12	market	market	NOUN
ajst-22355	150	13	and	and	CCONJ
ajst-22355	150	14	better	well	ADV
ajst-22355	150	15	serve	serve	VERB
ajst-22355	150	16	the	the	DET
ajst-22355	150	17	internationalization	internationalization	NOUN
ajst-22355	150	18	needs	need	NOUN
ajst-22355	150	19	of	of	ADP
ajst-22355	150	20	the	the	DET
ajst-22355	150	21	chinese	chinese	ADJ
ajst-22355	150	22	economy	economy	NOUN
ajst-22355	150	23	,	,	PUNCT
ajst-22355	150	24	the	the	DET
ajst-22355	150	25	following	follow	VERB
ajst-22355	150	26	policy	policy	NOUN
ajst-22355	150	27	recommendations	recommendation	NOUN
ajst-22355	150	28	are	be	AUX
ajst-22355	150	29	proposed	propose	VERB
ajst-22355	150	30	.	.	PUNCT
ajst-22355	151	1	firstly	firstly	ADV
ajst-22355	151	2	,	,	PUNCT
ajst-22355	151	3	further	far	ADV
ajst-22355	151	4	relax	relax	VERB
ajst-22355	151	5	capital	capital	NOUN
ajst-22355	151	6	account	account	NOUN
ajst-22355	151	7	controls	control	NOUN
ajst-22355	151	8	,	,	PUNCT
ajst-22355	151	9	accelerate	accelerate	VERB
ajst-22355	151	10	the	the	DET
ajst-22355	151	11	opening	opening	NOUN
ajst-22355	151	12	-	-	PUNCT
ajst-22355	151	13	up	up	NOUN
ajst-22355	151	14	of	of	ADP
ajst-22355	151	15	the	the	DET
ajst-22355	151	16	capital	capital	NOUN
ajst-22355	151	17	account	account	NOUN
ajst-22355	151	18	,	,	PUNCT
ajst-22355	151	19	attract	attract	VERB
ajst-22355	151	20	more	more	ADJ
ajst-22355	151	21	international	international	ADJ
ajst-22355	151	22	capital	capital	NOUN
ajst-22355	151	23	into	into	ADP
ajst-22355	151	24	the	the	DET
ajst-22355	151	25	market	market	NOUN
ajst-22355	151	26	,	,	PUNCT
ajst-22355	151	27	and	and	CCONJ
ajst-22355	151	28	enhance	enhance	VERB
ajst-22355	151	29	market	market	NOUN
ajst-22355	151	30	liquidity	liquidity	NOUN
ajst-22355	151	31	and	and	CCONJ
ajst-22355	151	32	activity	activity	NOUN
ajst-22355	151	33	.	.	PUNCT
ajst-22355	152	1	secondly	secondly	ADV
ajst-22355	152	2	,	,	PUNCT
ajst-22355	152	3	optimize	optimize	VERB
ajst-22355	152	4	the	the	DET
ajst-22355	152	5	policy	policy	NOUN
ajst-22355	152	6	environment	environment	NOUN
ajst-22355	152	7	and	and	CCONJ
ajst-22355	152	8	regulatory	regulatory	ADJ
ajst-22355	152	9	system	system	NOUN
ajst-22355	152	10	,	,	PUNCT
ajst-22355	152	11	improve	improve	VERB
ajst-22355	152	12	legal	legal	ADJ
ajst-22355	152	13	and	and	CCONJ
ajst-22355	152	14	regulatory	regulatory	ADJ
ajst-22355	152	15	frameworks	framework	NOUN
ajst-22355	152	16	,	,	PUNCT
ajst-22355	152	17	enhance	enhance	VERB
ajst-22355	152	18	regulatory	regulatory	ADJ
ajst-22355	152	19	transparency	transparency	NOUN
ajst-22355	152	20	and	and	CCONJ
ajst-22355	152	21	efficiency	efficiency	NOUN
ajst-22355	152	22	,	,	PUNCT
ajst-22355	152	23	and	and	CCONJ
ajst-22355	152	24	ensure	ensure	VERB
ajst-22355	152	25	market	market	NOUN
ajst-22355	152	26	stability	stability	NOUN
ajst-22355	152	27	and	and	CCONJ
ajst-22355	152	28	safety	safety	NOUN
ajst-22355	152	29	.	.	PUNCT
ajst-22355	153	1	thirdly	thirdly	ADV
ajst-22355	153	2	,	,	PUNCT
ajst-22355	153	3	promote	promote	VERB
ajst-22355	153	4	the	the	DET
ajst-22355	153	5	application	application	NOUN
ajst-22355	153	6	of	of	ADP
ajst-22355	153	7	financial	financial	ADJ
ajst-22355	153	8	technology	technology	NOUN
ajst-22355	153	9	innovation	innovation	NOUN
ajst-22355	153	10	,	,	PUNCT
ajst-22355	153	11	increase	increase	VERB
ajst-22355	153	12	the	the	DET
ajst-22355	153	13	application	application	NOUN
ajst-22355	153	14	of	of	ADP
ajst-22355	153	15	emerging	emerge	VERB
ajst-22355	153	16	technologies	technology	NOUN
ajst-22355	153	17	in	in	ADP
ajst-22355	153	18	the	the	DET
ajst-22355	153	19	market	market	NOUN
ajst-22355	153	20	,	,	PUNCT
ajst-22355	153	21	improve	improve	VERB
ajst-22355	153	22	market	market	NOUN
ajst-22355	153	23	efficiency	efficiency	NOUN
ajst-22355	153	24	and	and	CCONJ
ajst-22355	153	25	transparency	transparency	NOUN
ajst-22355	153	26	,	,	PUNCT
ajst-22355	153	27	and	and	CCONJ
ajst-22355	153	28	meet	meet	VERB
ajst-22355	153	29	diverse	diverse	ADJ
ajst-22355	153	30	market	market	NOUN
ajst-22355	153	31	demands	demand	NOUN
ajst-22355	153	32	.	.	PUNCT
ajst-22355	154	1	in	in	ADP
ajst-22355	154	2	addition	addition	NOUN
ajst-22355	154	3	,	,	PUNCT
ajst-22355	154	4	strengthen	strengthen	VERB
ajst-22355	154	5	international	international	ADJ
ajst-22355	154	6	cooperation	cooperation	NOUN
ajst-22355	154	7	and	and	CCONJ
ajst-22355	154	8	connectivity	connectivity	NOUN
ajst-22355	154	9	,	,	PUNCT
ajst-22355	154	10	actively	actively	ADV
ajst-22355	154	11	promote	promote	VERB
ajst-22355	154	12	connectivity	connectivity	NOUN
ajst-22355	154	13	between	between	ADP
ajst-22355	154	14	the	the	DET
ajst-22355	154	15	market	market	NOUN
ajst-22355	154	16	and	and	CCONJ
ajst-22355	154	17	other	other	ADJ
ajst-22355	154	18	international	international	ADJ
ajst-22355	154	19	financial	financial	ADJ
ajst-22355	154	20	markets	market	NOUN
ajst-22355	154	21	,	,	PUNCT
ajst-22355	154	22	establish	establish	VERB
ajst-22355	154	23	closer	close	ADJ
ajst-22355	154	24	cooperation	cooperation	NOUN
ajst-22355	154	25	relationships	relationship	NOUN
ajst-22355	154	26	,	,	PUNCT
ajst-22355	154	27	and	and	CCONJ
ajst-22355	154	28	enhance	enhance	VERB
ajst-22355	154	29	market	market	NOUN
ajst-22355	154	30	international	international	ADJ
ajst-22355	154	31	competitiveness	competitiveness	NOUN
ajst-22355	154	32	.	.	PUNCT
ajst-22355	155	1	at	at	ADP
ajst-22355	155	2	the	the	DET
ajst-22355	155	3	same	same	ADJ
ajst-22355	155	4	time	time	NOUN
ajst-22355	155	5	,	,	PUNCT
ajst-22355	155	6	promote	promote	VERB
ajst-22355	155	7	the	the	DET
ajst-22355	155	8	internationalization	internationalization	NOUN
ajst-22355	155	9	of	of	ADP
ajst-22355	155	10	the	the	DET
ajst-22355	155	11	renminbi	renminbi	NOUN
ajst-22355	155	12	,	,	PUNCT
ajst-22355	155	13	expand	expand	VERB
ajst-22355	155	14	the	the	DET
ajst-22355	155	15	use	use	NOUN
ajst-22355	155	16	of	of	ADP
ajst-22355	155	17	the	the	DET
ajst-22355	155	18	renminbi	renminbi	NOUN
ajst-22355	155	19	in	in	ADP
ajst-22355	155	20	international	international	ADJ
ajst-22355	155	21	trade	trade	NOUN
ajst-22355	155	22	and	and	CCONJ
ajst-22355	155	23	investment	investment	NOUN
ajst-22355	155	24	,	,	PUNCT
ajst-22355	155	25	and	and	CCONJ
ajst-22355	155	26	enhance	enhance	VERB
ajst-22355	155	27	the	the	DET
ajst-22355	155	28	international	international	ADJ
ajst-22355	155	29	liquidity	liquidity	NOUN
ajst-22355	155	30	of	of	ADP
ajst-22355	155	31	the	the	DET
ajst-22355	155	32	renminbi	renminbi	NOUN
ajst-22355	155	33	.	.	PUNCT
ajst-22355	156	1	finally	finally	ADV
ajst-22355	156	2	,	,	PUNCT
ajst-22355	156	3	strengthen	strengthen	VERB
ajst-22355	156	4	market	market	NOUN
ajst-22355	156	5	education	education	NOUN
ajst-22355	156	6	and	and	CCONJ
ajst-22355	156	7	publicity	publicity	NOUN
ajst-22355	156	8	,	,	PUNCT
ajst-22355	156	9	increase	increase	VERB
ajst-22355	156	10	global	global	ADJ
ajst-22355	156	11	market	market	NOUN
ajst-22355	156	12	awareness	awareness	NOUN
ajst-22355	156	13	and	and	CCONJ
ajst-22355	156	14	trust	trust	NOUN
ajst-22355	156	15	in	in	ADP
ajst-22355	156	16	the	the	DET
ajst-22355	156	17	renminbi	renminbi	NOUN
ajst-22355	156	18	offshore	offshore	ADJ
ajst-22355	156	19	market	market	NOUN
ajst-22355	156	20	,	,	PUNCT
ajst-22355	156	21	attract	attract	VERB
ajst-22355	156	22	more	more	ADJ
ajst-22355	156	23	international	international	ADJ
ajst-22355	156	24	investors	investor	NOUN
ajst-22355	156	25	to	to	PART
ajst-22355	156	26	participate	participate	VERB
ajst-22355	156	27	,	,	PUNCT
ajst-22355	156	28	and	and	CCONJ
ajst-22355	156	29	enhance	enhance	VERB
ajst-22355	156	30	the	the	DET
ajst-22355	156	31	internationalization	internationalization	NOUN
ajst-22355	156	32	level	level	NOUN
ajst-22355	156	33	of	of	ADP
ajst-22355	156	34	the	the	DET
ajst-22355	156	35	market	market	NOUN
ajst-22355	156	36	.	.	PUNCT
ajst-22355	157	1	references	reference	NOUN
ajst-22355	157	2	[	[	X
ajst-22355	157	3	1	1	NUM
ajst-22355	157	4	]	]	PUNCT
ajst-22355	157	5	agnès	agnès	PROPN
ajst-22355	157	6	bénassy	bénassy	PROPN
ajst-22355	157	7	-	-	PUNCT
ajst-22355	157	8	quéré	quéré	PROPN
ajst-22355	157	9	,	,	PUNCT
ajst-22355	157	10	damien	damien	PROPN
ajst-22355	157	11	capelle	capelle	PROPN
ajst-22355	157	12	,	,	PUNCT
ajst-22355	157	13	on	on	ADP
ajst-22355	157	14	the	the	DET
ajst-22355	157	15	inclusion	inclusion	NOUN
ajst-22355	157	16	of	of	ADP
ajst-22355	157	17	the	the	DET
ajst-22355	157	18	chinese	chinese	ADJ
ajst-22355	157	19	renminbi	renminbi	NOUN
ajst-22355	157	20	in	in	ADP
ajst-22355	157	21	the	the	DET
ajst-22355	157	22	sdr	sdr	PROPN
ajst-22355	157	23	basket	basket	NOUN
ajst-22355	158	1	[	[	X
ajst-22355	158	2	j	j	X
ajst-22355	158	3	]	]	X
ajst-22355	158	4	.	.	PUNCT
ajst-22355	159	1	international	international	ADJ
ajst-22355	159	2	economics	economic	NOUN
ajst-22355	159	3	,	,	PUNCT
ajst-22355	159	4	2014,139:133	2014,139:133	NUM
ajst-22355	159	5	-	-	SYM
ajst-22355	159	6	151	151	NUM
ajst-22355	159	7	.	.	PUNCT
ajst-22355	160	1	[	[	X
ajst-22355	160	2	2	2	NUM
ajst-22355	160	3	]	]	X
ajst-22355	160	4	benjamin	benjamin	PROPN
ajst-22355	160	5	keddad	keddad	PROPN
ajst-22355	160	6	,	,	PUNCT
ajst-22355	160	7	how	how	SCONJ
ajst-22355	160	8	do	do	AUX
ajst-22355	160	9	the	the	DET
ajst-22355	160	10	renminbi	renminbi	NOUN
ajst-22355	160	11	and	and	CCONJ
ajst-22355	160	12	other	other	ADJ
ajst-22355	160	13	east	east	ADJ
ajst-22355	160	14	asian	asian	ADJ
ajst-22355	160	15	currencies	currency	NOUN
ajst-22355	160	16	co	co	NOUN
ajst-22355	160	17	-	-	NOUN
ajst-22355	160	18	move	move	NOUN
ajst-22355	160	19	?	?	PUNCT
ajst-22355	161	1	[	[	X
ajst-22355	161	2	j	j	X
ajst-22355	161	3	]	]	X
ajst-22355	161	4	.	.	PUNCT
ajst-22355	162	1	journal	journal	PROPN
ajst-22355	162	2	of	of	ADP
ajst-22355	162	3	international	international	ADJ
ajst-22355	162	4	money	money	NOUN
ajst-22355	162	5	and	and	CCONJ
ajst-22355	162	6	finance,2019,91:49	finance,2019,91:49	NOUN
ajst-22355	162	7	-	-	NOUN
ajst-22355	162	8	70	70	NUM
ajst-22355	162	9	.	.	PUNCT
ajst-22355	163	1	[	[	X
ajst-22355	163	2	3	3	X
ajst-22355	163	3	]	]	X
ajst-22355	163	4	ramona	ramona	X
ajst-22355	163	5	orastean	orastean	ADJ
ajst-22355	163	6	,	,	PUNCT
ajst-22355	163	7	chinese	chinese	ADJ
ajst-22355	163	8	currency	currency	NOUN
ajst-22355	163	9	internationalizationpresent	internationalizationpresent	ADV
ajst-22355	163	10	and	and	CCONJ
ajst-22355	163	11	expectations	expectation	NOUN
ajst-22355	164	1	[	[	X
ajst-22355	164	2	j	j	X
ajst-22355	164	3	]	]	X
ajst-22355	164	4	.	.	PUNCT
ajst-22355	165	1	procedia	procedia	PROPN
ajst-22355	165	2	economics	economic	NOUN
ajst-22355	165	3	and	and	CCONJ
ajst-22355	165	4	finance	finance	NOUN
ajst-22355	165	5	,	,	PUNCT
ajst-22355	165	6	2013	2013	NUM
ajst-22355	165	7	,	,	PUNCT
ajst-22355	165	8	6:683	6:683	NOUN
ajst-22355	165	9	-	-	SYM
ajst-22355	165	10	687	687	NUM
ajst-22355	165	11	.	.	PUNCT
ajst-22355	166	1	[	[	X
ajst-22355	166	2	4	4	X
ajst-22355	166	3	]	]	X
ajst-22355	166	4	tao	tao	PROPN
ajst-22355	166	5	liu	liu	PROPN
ajst-22355	166	6	,	,	PUNCT
ajst-22355	166	7	xiaosong	xiaosong	PROPN
ajst-22355	166	8	wang	wang	PROPN
ajst-22355	166	9	,	,	PUNCT
ajst-22355	166	10	wing	wing	NOUN
ajst-22355	166	11	thye	thye	NOUN
ajst-22355	166	12	woo.the	woo.the	DET
ajst-22355	166	13	road	road	NOUN
ajst-22355	166	14	to	to	ADP
ajst-22355	166	15	currency	currency	NOUN
ajst-22355	166	16	internationalization	internationalization	NOUN
ajst-22355	166	17	:	:	PUNCT
ajst-22355	166	18	global	global	ADJ
ajst-22355	166	19	perspectives	perspective	NOUN
ajst-22355	166	20	and	and	CCONJ
ajst-22355	166	21	chinese	chinese	ADJ
ajst-22355	166	22	experience	experience	NOUN
ajst-22355	166	23	[	[	PUNCT
ajst-22355	166	24	j].emerging	j].emerge	VERB
ajst-22355	166	25	markets	market	NOUN
ajst-22355	166	26	review,2019	review,2019	PRON
ajst-22355	166	27	,	,	PUNCT
ajst-22355	166	28	38:73	38:73	NUM
ajst-22355	166	29	-	-	SYM
ajst-22355	166	30	101	101	NUM
ajst-22355	166	31	.	.	PUNCT
ajst-22355	167	1	[	[	X
ajst-22355	167	2	5	5	NUM
ajst-22355	167	3	]	]	X
ajst-22355	167	4	wendy	wendy	PROPN
ajst-22355	167	5	dobson	dobson	PROPN
ajst-22355	167	6	,	,	PUNCT
ajst-22355	167	7	paul	paul	PROPN
ajst-22355	167	8	r.masson	r.masson	PROPN
ajst-22355	167	9	.	.	PUNCT
ajst-22355	168	1	will	will	AUX
ajst-22355	168	2	the	the	DET
ajst-22355	168	3	renminbi	renminbi	NOUN
ajst-22355	168	4	become	become	VERB
ajst-22355	168	5	a	a	DET
ajst-22355	168	6	world	world	NOUN
ajst-22355	168	7	currency	currency	NOUN
ajst-22355	169	1	[	[	X
ajst-22355	169	2	j	j	X
ajst-22355	169	3	]	]	X
ajst-22355	169	4	.	.	PUNCT
ajst-22355	170	1	china	china	PROPN
ajst-22355	170	2	economic	economic	PROPN
ajst-22355	170	3	review	review	PROPN
ajst-22355	170	4	,	,	PUNCT
ajst-22355	170	5	2009	2009	NUM
ajst-22355	170	6	,	,	PUNCT
ajst-22355	170	7	20	20	NUM
ajst-22355	170	8	:	:	SYM
ajst-22355	170	9	124	124	NUM
ajst-22355	170	10	-	-	SYM
ajst-22355	170	11	135	135	NUM
ajst-22355	170	12	.	.	PUNCT
ajst-22355	171	1	[	[	X
ajst-22355	171	2	6	6	NUM
ajst-22355	171	3	]	]	X
ajst-22355	171	4	robert	robert	PROPN
ajst-22355	171	5	n.	n.	PROPN
ajst-22355	171	6	mccauley	mccauley	PROPN
ajst-22355	171	7	,	,	PUNCT
ajst-22355	171	8	chang	chang	PROPN
ajst-22355	171	9	shu	shu	PROPN
ajst-22355	171	10	,	,	PUNCT
ajst-22355	171	11	recent	recent	ADJ
ajst-22355	171	12	renminbi	renminbi	NOUN
ajst-22355	171	13	policy	policy	NOUN
ajst-22355	171	14	and	and	CCONJ
ajst-22355	171	15	currency	currency	NOUN
ajst-22355	171	16	co	co	NOUN
ajst-22355	171	17	-	-	NOUN
ajst-22355	171	18	movements[j	movements[j	ADJ
ajst-22355	171	19	]	]	PUNCT
ajst-22355	171	20	.	.	PUNCT
ajst-22355	172	1	journal	journal	PROPN
ajst-22355	172	2	of	of	ADP
ajst-22355	172	3	international	international	ADJ
ajst-22355	172	4	money	money	NOUN
ajst-22355	172	5	and	and	CCONJ
ajst-22355	172	6	finance	finance	NOUN
ajst-22355	172	7	,	,	PUNCT
ajst-22355	172	8	2019,95:444	2019,95:444	PROPN
ajst-22355	172	9	-	-	PUNCT
ajst-22355	172	10	456	456	NUM
ajst-22355	172	11	.	.	PUNCT