The Asia Society-ANZ China Series - Renminbi: The Next Global Currency
A Luncheon Panel Discussion on Renminbi
The financial crisis has hampered the long-term prospects of both the US dollar and the euro as reserve currencies. While it is unlikely that the dollar will lose its dominance as the global reserve currency in the near future, it has prompted debate on the need for a replacement. Given the continued strong growth of China and its expanding influence in the world economy, can the renminbi emerge as a new international currency and take over this role? What conditions have to be in place in order for the RMB to be fully convertible and to be a global currency? What is the impact of the rising RMB on investments? What does the internationalization of the RMB mean for Hong Kong? Join a panel discussion with a group of eminent economists presented by the Asia Society Hong Kong Center and ANZ.
Joseph Yam is a distinguished Research Fellow, Institute of Global Economics and Finance, Chinese University of HK and Former Chief Executive, HK Monetary Authority.
Guonan Ma is the Senior Economist, Bank of International Settlements.
Ligang Liu is the head of China Economic Research, ANZ Banking Group, HK.
Andrew Batson, The Wall Street Journal (Moderator)
Media Partner: The Wall Street Journal