China Capital Account Liberalisation and RMB Internationalisation

Event date: 
Wed, 13/01/2010 - 08:00 - 09:15
Speaker: 
Wensheng Peng, Director & Head of China Research, Barclays Capital

 It is expected that the liberalisation of China's capital account will be largely completed and the RMB will attain convertibility in the next decade. Wensheng Peng will share his thoughts on the potential of the RMB as an international currency and its implications.

China: Capital Account Liberalisation and
RMB Internationalisation
Wensheng Peng, Director, Head of China Research

China has made significant progress in capital account opening in the past 10 years. It is expected that the liberalisation process will be largely completed and the RMB will attain convertibility in the next decade. The most important driver of the deregulation will be the Chinese government's efforts of promoting the RMB as an international currency.

Wensheng Peng, Director and Head of China Research at Barclays Capital, will share with us his thoughts on the following issues:

  • What is the potential of the RMB as an international currency?
  • What is required from the policy point of view in liberalising capital account controls?
  • What is the likely process of evolution?
  • What are the implications for China and the reset of the world?

Wensheng joined Barclays Capital from the Hong Kong Monetary Authority. He started his career as an economist with the International Monetary Fund (IMF) in Washington DC and holds a PhD in economics from the University of Birmingham.

Wednesday 13 January 2010
8:00 - 9:15am
Harcourt Suite, 1/F, The Hong Kong Club 

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