On November 30, the IMF announced that the renminbi would be included in its basket of reserve currencies, which already includes the U.S. dollar, the euro, the British pound, and the Japanese yen. This decision is the culmination of long-standing efforts by the Chinese government to reform China’s monetary and financial systems and establish a more influential international role for its currency. In addition to its effects on the global financial architecture, the renminbi’s status as a newly minted IMF reserve currency may also complement China’s ongoing economic reforms and expand avenues for investment.
The US-China Business Council (USCBC) and the Carnegie–Tsinghua Center for Global Policy (CTC) are pleased to host Shi Han, resident scholar at the Carnegie–Tsinghua Center and Liu Junhai, professor of corporate law at Renmin University who will speak to USCBC members. Charles Huang, vice president for research at a leading Chinese investment fund in Beijing, will moderate the discussion. The event will be in English.
The discussion will focus on issues including:
- The impact of the IMF decision on capital allocation in China
- Wider selection of investment options for both Chinese and overseas investors
- Regulatory concerns for the banking and financial sectors
- How the Chinese central bank is likely to manage the renminbi going forward
- Implications for Chinese government’s drive to boost domestic innovation and other economic reform measures
This event is for members and invited guests of USCBC and CTC only. The event is off-the-record. Seats are limited and registration is required.
Date: Monday, December 14th, 2015
Location: Kerry Center, 1 Guanghua Road, Chaoyang, Beijing
Shen Zhen Room, Third Floor
Fee: RMB 200 (cash payable at door)
Contact: Ms. Yan Yu - Please reply to this email to reserve your seat (firstname.lastname@example.org ; 86-10-6592-0727).