European Union Chamber of Commerce in China

Banking and Securities Working Group

Event Thesis: Connecting Digital Island- SWIFT‘s Experiments on CBDC‘s Interoperability

Date and Time: 28th Febuary, 2023, 14:00-15:00pm, ONLINE

Zoom Link will send to registers by deadline 26th Feb, 2023.

Dear members,

The upsurge of research and pilot development of digital fiat currencies in the globe is bringing a visible revolution in future payment, settlement, transaction, and circulation world. Since 2014, research taskforce on digital currencies was set up by PBoC to shape the design concept of e-cny as well as to explore/enrich its application scenarios.

As a centralized, tokenized and encripted digital fiat, featured by transaction records traceable, the issuance of the new form of Chinese yuan, as one complementary source for M0, will have a profound chain-effect to commercial banks and other financial institutes, for instance shifting to new eco-models in network scenes, while the values of being interoperable also outstands in global banking, especially when different countries are developing different digital fiat currency platforms with various characteristics (NFC supported for instance), and when cross border financing/transaction a characteristic business foreign banks have in China.

Under the backdrop, the Banking and Securities working group feel honored to invite Mr. Eric Yang, Head of Business Innovation of SWIFT, Shanghai, to deliver a specialized talk on “Connecting Digital Island- SWIFT‘s Experiments on CBDC‘s Interoperability”.

The event will be on 28^th February, 2023, 14:00-15:00 pm, ONLINE.

Registrations are open to members only via Email to nsong@europeanchamber.com.cn or click here. Deadline: 26th February, 2023.

Agenda:

14:00-14:10  Opening and Welcoming;

14:10-14:40  “Connecting Digital Island- SWIFT‘s Experiments on CBDC‘s Interoperability”.

Mr. Eric Yang, Head of Business Innovation of SWIFT, Shanghai,

14: 40-14:55  Q&A;

14:55-15:00   Closing Remark.

Speakers

Mr. Eric Yang

Business Innovation

Mr. Eric Yang

Business Innovation

View speaker details

Eric is the Head of Business Innovation for SWIFT in China, and is based in Shanghai. In this role, Eric is responsible for SWIFT’s business innovation and regulatory engagement efforts and driving the execution of SWIFT’s strategic business plan in China.

Eric joined SWIFT in 2007 and has held various positions from middle to front office across multiple SWIFT offices, including sales, marketing, product management, programme management and business development. He has a strong understanding of customer needs in China and industry best practices in international financial markets.

Having worked closely with onshore and offshore financial communities, associations and regulators, Eric is well recognised by the SWIFT community for his contributions, such as organising the first Offshore CNY Market Practice Working Group, introducing SWIFT’s business intelligence product to Asia Pacific, and leading and driving China to be the best-performing market for SWIFTgpi.

Before SWIFT, Eric was the Financing Manager at Huawei Technologies where he was responsible for the company’s structured trade finance projects across Middle East and North Africa. Eric was also the Financial Institutions Business Development Vice President for Greater China at Airwallex, a fast-growing global Fintech unicorn.

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