RMB Internationalization and the FX Market Forum

人民币国际化和外汇市场论坛

Introduction/ 会议简介
Agenda and slides
会议议程和演示文稿
Keynote speakers and panellists
主旨演讲与参会嘉宾
Academic papers/ 学术论文
Summary transcripts / 会议纪要

Introduction/ 会议简介

On September 13 (Wednesday), the National Institution for Finance & Development (NIFD), authorized by China’s central government as one of 25 national-level think tanks, and CLS held a joint forum at the Academic Hall of the Chinese Academy of Social Sciences (CASS) on RMB internationalization and the foreign exchange market.

Financial market infrastructures, including payment and settlement systems, play a vital role in the internationalization of the renminbi. As China’s economy and financial strength grows so will the expected global use of RMB (and therefore FX) for trade settlement and investment. However this must be supported by, among other things, an efficient, robust and reliable cross-border payment and settlement system that allows FX market participants to safely manage their counterparty exposures and settlement risk. These important topics underpinned the agenda and discussions themes at the joint forum.

The forum included keynote speeches from the Chairman of the NIFD, Li Yang, and the Deputy Administrator of the State Administration for Foreign Exchange (SAFE), Lu Lei. Panelists included the Chairman of BNY Mellon APAC, David Cruikshank; the Head of Public Policy APAC for BlackRock, Winnie Pun; the Head of Global Markets for HSBC, Ryan Song; the CEO of Asia Securities Industry & Financial Markets Association (ASIFMA), Mark Austen; senior managers from Chinese payment systems and leading Chinese economists and senior executives from CLS.  Two research papers based on CLS’s aggregated, executed FX trade data were also presented at the forum, which was attended by almost 200 people from a diverse range of delegates including representatives from public bodies, academic and policy advisors, market participants and industry bodies.

Click here to download the materials released in the forum.

 

9月13日,由中国社会科学院国家金融与发展实验室和CLS集团联合举办的人民币与外汇市场论坛在北京社科院学术会堂圆满举行。

本次论坛的主题主要围绕人民币国际化相关的主题展开:金融市场基础设施在人民币国际化进程中起着至关重要的作用,随着中国经济和金融实力的不断增长,预计将有更多的人民币被用于全球贸易结算和投资。然而,这个过程必须得到有效、稳健b可靠的跨境支付结算系统的支持,从而使得外汇市场参与者能够安全地管理其交易对手的风险敞口和结算风险。

国家金融与发展实验室理事长李扬和国家外汇管理局副局长陆磊在论坛中发表主旨演讲。BNY Mellon亚太区主席David Cruikshank,BlackRock亚太区公共政策主管Winnie Pun、汇丰银行环球资本市场总监宋跃升,ASIFMA首席执行官Mark Austen、来自中国支付清算系统的高级管理人员、中国学术界领先的专家学者,以及CLS的高级管理人员等嘉宾分别发表了演讲并参与了讨论。此外,论坛中汇报了两篇基于CLS的汇总外汇交易数据的学术论文。本次论坛共吸引了近二百位来自学术和行业协会、金融机构、政策和公共机构的代表参加。

点击此处下载论坛当日所发的材料。会议纪要、嘉宾演讲材料与学术论文等资料请详见其他部分。

RMB Internationalization and FX Market Forum