What do the recent moves toward yuan liberalisation signify?
Beijing has implemented a handful of headline-grabbing currency reforms that have relaxed capital controls. Many believe this means the RMB is on the path to full convertibility. This timely seminar brought together leading investors, bankers and corporates to put a spotlight on what yuan liberalisation and internationalisation means for the region. RMB Rising was a must-attend event for anyone interested in: the development of the RMB bond market; access to the China story; the impact of RMB liberalisation on FX markets; mini-QFII schemes; RMB as a reserve currency; what RMB liberalisation means for Hong Kong; and, what the easing of trade settlement means for businesses in Asia. Panel speakers included: Esmond Lee, Executive Director (Financial Infrastructure), Hong Kong Monetary Authority Benjamin Rudd, Head of Overseas Investment, Ping An of China Asset Management (Hong Kong) Enoch Fung, Executive Director, Asia Economist, Asia Economic Research Team, Goldman Sachs Tim Condon, Head