The Role of London in Financing the Belt and Road Initiative
Gao Haihong, Director, Research Center for International Finance, Institute of World Economics and Politics, CASS
Paola Subacchi, Research Director, International Economics Department, Chatham House
Liu Dongmin, Director, International Finance Division, Institute of World Economics and Politics, CASS
Xu Hongcai, Deputy Chief Economist of China, Center for International Economic Exchanges
Yao Yudong, Chief Economist, Dacheng Fund; Former Director, Financial Research Institute, People's Bank of China (PBOC)
Zhang Tianwei，Director, International Economic DivisionMinistry of Finance of China
Zhang Jianping, Director, Research Center for Economic Cooperation, Chinese Academy of International Trade and Economic Cooperation, Ministry of Commerce of China
Wan Tailei, Head of international cooperation, National Association of Financial Market Institutional Investors
Ceng Zheng, Senior Research Fellow, Head, Institute of Market Research, Academy of Macroeconomic Research, NDRC
The International Economics department at Chatham House, together with our partners at the Chinese Academy of Social Sciences (CASS), will present a series of policy recommendations on how the British and Chinese governments can support the financing of projects related to China’s Belt and Road (B&R) initiative, how this initiative could affect London’s role as a financial centre, and what the implications are for the renminbi’s (RMB) status as an international currency.
Over the last six months, experts at Chatham House and CASS, with support from the UK Foreign & Commonwealth Office, have researched the feasibility of using the RMB offshore market to provide financing for Chinese infrastructure projects in the context of the B&R initiative, consulting experts in both China and the UK. On 23 February, the report was first launched in London, at Chatham House and the second launch is set to take place in Beijing on 14 March. This event represents the culmination of this research.
Attendance at this event is by invitation only.