Macroeconomic Effects of China’s RMB Internationalization and Capital Account Liberalization
Julia Leung, Undersecretary, Financial Services and the Treasury, Government of Hong Kong (2008-13); Julius Fellow, International Economics, Chatham House
Qiyuan Xu, Deputy Director, Economic Development Division, IWEP, Chinese Academy of Social Sciences
Zhongxia Jin, Director, Institute of Financial Research, People’s Bank of China
Yongding Yu, Professor, Chinese Academy of Social Sciences
Chair: Paola Subacchi, Research Director, International Economics, Chatham House
Chair: Haihong Gao, Director, International Finance Division, Chinese Academy of Social Sciences (CASS)
This research workshop will discuss the final research outcome from Chatham House’s joint project with the Chinese Academy of Social Sciences (CASS), examining the impact of China’s financial reform on the renminbi (RMB) internationalization strategy. The workshop will include three sub-sessions that will focus on the following topics: 1) the contributing factor of the growth in the RMB cross-border usage; 2) the role of financial centres in the offshore RMB market; and 3) macroeconomic and financial implications of China’s free trade zone.
This event will follow the first research workshop that was held on 1 July at Chatham House and is part of the joint research project supported by British Academy between the Chatham House International Economics department and the Institute of World Economics and Politics (IWEP) at the Chinese Academy of Social Sciences, entitled 'The development of the RMB offshore market and the liberalization of China’s capital account'.
Please note this event will take place in China.
Attendance at this event is by invitation only.
The Chatham House Rule
To enable as open a debate as possible, this event will be held under the Chatham House Rule.