Conference on ˇ§Hong Kong's Role in Building the Offshore RMB Marketˇ¨
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Co-organisers : |
- Central Policy Unit
The Government of the Hong Kong Special Administrative Region
- Chatham House
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Venue : |
1/F., New Annex,
Central Government Office, Central |
Date : |
18 May 2011 (Wednesday) |
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Time : |
2:00 – 6:15 pm |
2:00 – 2:30 pm |
Registration |
2:30 – 2:35 pm |
Welcome and Introduction
Prof Lau Siu-kai
Head, Central Policy Unit, the Government of the Hong Kong Special Administrative Region
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2:35 – 2:45 pm |
Opening Remarks
Prof K C Chan
Secretary for Financial Services and the Treasury, Government of Hong Kong Special Administrative Region
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2:45 – 4:15 pm |
Session 1
The Scope for Development of the Offshore RMB Market: Challenges and Opportunities for Hong Kong
Given China's resolve to go down a unique path of internationalizing RMB before it becomes fully convertible, how well positioned is Hong Kong to benefit as a 'test site' for RMB internationalization? Could Hong Kong be marginalized once RMB becomes truly convertible and internationalized? What are the transaction and bond market opportunities presented by the offshore RMB market? What other financial products and market sectors could benefit from the development of the offshore market, such as insurance?
Chair
- Prof Stephen Y L Cheung
Dean and Professor (Chair) of Finance, School of Business, Hong Kong Baptist University
Presenter:
- Nicholas Maxwell (PDF)
Research Fellow and Programme Manager, International Economics, Chatham House (London)
Discussants:
- Prof Jesus Seade
Vice-President and Sydney S W Leong Chair Professor of Economics, Lingnan University
- Tse Kwok Leung
Head of Economic Research Division, Bank of China (Hong Kong)
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4:15 – 4:30 pm |
Coffee Break |
4:30 – 6:00 pm |
Session 2
Panel Discussion: Hong Kong's Neighbours ˇV Competitors or Partners for Growth?
Will Shanghai's growth eclipse Hong Kong and in what sectors? How should Hong Kong develop connections with regional financial centres? How should Hong Kong work with the Central Government and Shanghai in order to leverage on her strength and complement rather than compete with Shanghai? Is there a case for more power to cities or more coordination across East Asian financial centres?
Chair
- Paola Subacchi
Research Director, International Economics, Chatham House (London)
Panelists:
- Mu Huaipeng
Senior Advisor, Hong Kong Monetary Authority
- Kelly Driscoll
Director, State Street Global Advisors
- Sean Craig
Resident Representative, IMF (Hong Kong)
- Andrew Filardo
Head of Economics for Asia and the Pacific, Bank of International Settlements
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6:00 – 6:15 pm |
Concluding Remarks
Paola Subacchi
Research Director, International Economics, Chatham House (London) |
Some of the following materials are presented in PDF format. Please download
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