Macroeconomic Implications of China’s Free Trade Zone: Merits and Risks?
Haihong Gao, Director, International Finance Division, CASS
Julia Leung, Under-Secretary, Financial Services and the Treasury, Government of Hong Kong (2008-13); De Anne Julius Fellow, International Economics, Chatham House
Sir Gerry Grimstone, Chairman, Standard Life
Chair: Paola Subacchi, Research Director, International Economics, Chatham House
Last October China launched a pilot free trade zone in Shanghai, as part of Beijing’s plan to liberalize capital account. If successful, this policy initiative will roll out across the country eventually creating a free capital account and enabling international finance to be carried out under liberal international rules within China’s onshore market.
This discussion aims to explore the role of the Shanghai free trade zone in the process of China’s capital account liberalization. The panel will discuss the impact of the pilot on the renminbi currency’s role in the offshore market and to what extent it can be replicated nationwide. It will also consider whether this new initiative could accelerate the progress of China’s capital account liberalization.
Invitation 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.