The Offshore Renminbi: The Rise of Chinese Currency and Its Global Future
Financial ServicesChina Business
8:00 - 9:30am (First 15-20 minutes is for networking) Light Breakfast included
Hosted by the China Business Committee and Financial Services Committee
Hong Kong-based analysts Robert Minikin and Kelvin Lau present their firsthand source material and extensive original research of a comprehensive coverage of the internationalization development of the renminbi and explore the dramatic implications for the global FX markets. With the authors' unparalleled expertise in Chinese market development and insider knowledge of the Chinese authorities' motives and mission regarding the renminbi, they provide a broad outlook on renminbi internationalization, detailed insights of the operation of the renminbi trade settlement scheme and the offshore renminbi markets in Hong Kong.
Alongside it is a thorough examination of the opportunities (and challenges) created by the development of the 'offshore' renminbi. The development of the international role for the renminbi is relatively new. The market was first launched in its current form in July 2010. There is an important shift in the pattern of global commercial and financial transaction centered on the new role for the renminbi. The development is not widely understood but will likely have a very broad-ranging significance. The Offshore Renminbi: The Rise of Chinese Currency and Its Global Future will be available at a discounted price at the event.
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong