4th Wee Cho Yaw Singapore-China Finance and Banking Forum

The Internationalisation of the Renminbi

Tuesday, 12 June 2012

NUSS Kent Ridge Guild House, Guild Hall, Level 1
(map)

Media Coverage Post-Event Report | Photos
(See below for presentation slides) 

The development of China into an economic powerhouse has transformed the global financial architecture. Holding the world's largest foreign exchange reserves, China has had an increasingly major role to play. China represents about 10 per cent of global GDP and by some estimates is expected to overtake the US as the world's largest economy by 2030. There is growing speculation that the Chinese currency will emerge as a global reserve currency rivaling the US dollar. Major financial centres, such as London, Hong Kong and Singapore, have launched initiatives to become global hubs for Renminbi trading. Can the Renminbi challenge the dollar as the global reserve currency? Does Beijing have the political and economic resolve to make the sweeping changes that will take the Chinese currency forward? Can the Chinese financial market become as deep, broad and liquid as the US? These are some of the questions that our expert panel will deal with, as they discuss the challenges, pitfalls and realities of currency internationalisation, as well as the regulatory issues involved.   

Programme

 3:45 pm  Registration 
 4:15 pm  Opening Address by Mr. Hsieh Fu Hua, Chairman, Fullerton Fund Management Company and Stewardship &
 Corporate Governance Centre
 4:30 pm  Panel Discussion on "The Internationalisation of the Renminbi"

 Moderator
 Prof. Bernard Yeung (presentation slides)
 Dean and Stephen Riady Distinguished Professor, NUS Business School

 Panelists
 Dr. Cao Yuanzheng (presentation slides)
 Chief Economist, Bank of China

 Prof. Anthony Neoh
 QC, SC, JP, Hong Kong Bar and Dean's Visiting Professor, NUS Business School

 Mr. Ong Chong Tee
 Deputy Managing Director, Monetary Authority of Singapore

 Prof. Eswar Prasad (article on Renminbi)
 Tolani Senior Professor of Trade Policy, Cornell University and Senior Fellow & New Century Chair in
 International Economics, Brookings Institution
 5:50 pm  Q & A
 6:20 pm  Closing Remarks by Prof. Ho Teck Hua, Vice President (Research Strategy), NUS
 6:30 pm  Tea Reception