The internationalisation of the Renminbi (RMB) is one of the more contentious and widely debated aspects of economic reform in China. Beijing has been prudently hastening the currency's use in recent years through a steady liberalisation programme. China's new leaders have galvanised this free-market push since taking charge in 2013, bringing about capital market and interest rate liberalisation and establishing the Shanghai Free Trade Zone in the first few months of office.
Taken together, these changes highlight China's commitment to reform and point to capital account liberalisation being closer than ever before. The opening up of the capital account, enabling companies and investors to trade the Renminbi across China's borders without hindrance, is seen as the crucial reform for the currency to emerge as a truly global rival to the US dollar and the Euro.
This seminar will see leading Chinese experts on financial services throw light on the Chinese currency’s progress to full international status and the likely developments that will hinder and advance the process.
Agenda:
13.00 – 13.30 Registration
13.30 – 13.40 Welcome Remarks by Jörg Wuttke, President, European Chamber
13.40 – 14.00 Reform and RMB Internationalisation by Alfred Schipke, Senior Resident Representative for China, IMF
14.00 – 14.20 Offshore markets by Mark Boleat, Chairman, City of London
14.20 – 14.40 RMB Going Global by Paul Malpass, Senior VP, RMB Internationalisation, HSBC
14.40 – 15.30 Moderated Q&A by Tom Mitchell, Correspondent, Financial Times
Terms & Conditions:
Events have limited seating so to ensure your attendance we encourage advance online registration and payment for ALL events. We cannot guarantee entry to anyone not registered in advance.
All our events are held in English and are off-the-record unless otherwise stated.
Cancellation Policy:
If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.
To cancel you can: 1) email jli@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.