Past event

Invitation Only

Building the RMB's Role as an Investment Currency in the Offshore Market

Chatham House, London

International Economics Department

Participants

Huw Jenkins, Partner, Clifford Chance LLP
Hsien-Nung Kuei, Director General, Banking Bureau, Financial Supervisory Commission, Taiwan
Ajay Kanwal, Chairman, British Chamber of Commerce in Taipei
Michael Lin, President, Taiwan Stock Exchange
Stephen Pickford, Senior Research Fellow, International Economics, Chatham House
Dr Chi Schive, Taiwan
Dr Shen Lyu Shun, Representative, Taiwan Representative Office
Chair: William Brandon, Deputy Director, Financial Services Strategy, HM Treasury

Overview

Since Beijing started to promote its currency internationalization strategy in 2009, the RMB has swiftly stretched its role in international trade in the gradually expanding offshore market. However, shortfalls of the RMB offshore market such as limited liquidity provision and market scope cast doubts over investors’ interest in long-term holdings of the RMB.

This roundtable will consider what the biggest challenges are for rising offshore RMB hubs like Taipei and London to sustain RMB business in the long run, and how offshore hubs and centres can cooperate to strengthen RMB’s role as an investment currency in the offshore market.

This is event is held with the support of Standard Chartered Bank (Taiwan) Limited and the British Trade and Cultural Office in Taipei.

Attendance at this event is by invitation only.