Past eventResearch Event

China’s Pilot Free Trade Zone: Opportunities of RMB Internationalization and China’s Economic Rebalancing

1 July 2014 - 10:30am to 2:30pm

Chatham House, London


Yuanfang Li, Research Fellow, International Financial Division, Chinese Academy of Social Sciences (CASS)
Julia Leung, Julius Fellow, International Economics, Chatham House
Lisheng Xiao, Research Fellow, International Financial Division, Chinese Academy of Social Sciences (CASS)
Helena Huang, Research Assistant, International Economics, Chatham House


Paola Subacchi, Research Director, International Economics, Chatham House
Haihong Gao, Director, International Finance Division, Chinese Academy of Social Sciences (CASS)



This research workshop will focus on the practical policy implications of the Shanghai free trade zone (FTZ) on China’s long awaited capital account liberalization and its impact on the renminbi (RMB) internationalization strategy. Opening with recent research findings from the Chinese Academy of Social Sciences (CASS), this event aims to identify the opportunities and potential risks from Beijing’s experimental Shanghai FTZ. It will also give researchers an opportunity to collect feedback to prepare for their final presentations at the second research workshop in Beijing on 28 August 2014.

This event is the first of a joint research project with the Institute of World Economics and Politics (IWEP) at the Chinese Academy of Social Sciences (CASS), entitled 'The development of the RMB offshore market and the liberalization of China’s capital account.'

The Chatham House Rule

To enable as open a debate as possible, this event will be held under the Chatham House Rule.