The internationalisation of RMB: New opportunities for ASEAN economies
Although RMB should no longer be expected as one-way appreciation vehicle, it is still a currency that offers very good relative value with attractive interest rate and stable exchange rate. The China's fast growing economy and 2nd largest economic scale makes its currency increasingly acceptable to all corporations and financial institutions.
At this Community Session, the most internationalised bank in China, Bank of China, together with senior representatives from the community, will present an update on the policies and initiatives to promote RMB going global, and market updates in the offshore RMB market. Experts and senior executives will share with you the first hand, actionable insights for business leaders, on the most popular topic – the Internationalisation of RMB. The discussion will cover a number of popular subjects, such as One Belt One Road, Chinese capital account relaxation, Free Trade Zone, Hong Kong - Shanghai Stock Connect, and etc. Fundamentally, the session aims to answer the pivotal question: “How could corporates and financial institutions in ASEAN economies embrace the new opportunities?”