Moderator: Calla Wiemer (firstname.lastname@example.org)
PAST Webinar on Internationalization of the Renminbi
When: 22 June 2021, 5:00pm Hong Kong Time (GMT+8)
Speaker: Edwin L.C. Lai, Hong Kong University of Science and Technology
Sponsor: Asia Global Institute, University of Hong Kong
The increasing importance of China in the global economy has set the scene for the renminbi (RMB) to assume a key position in the international monetary and financial system. Unique incentives have been used in China to internationalize its currency, and Hong Kong has taken up an important role in bolstering the RMB’s internationalization. Based on his recent book, “One Currency, Two Markets: China’s Attempt to Internationalize the Renminbi”, Professor Edwin L C Lai of the Hong Kong University of Science and Technology will examine China's strategy of internationalizing the RMB and use an empirical model to assess the status of the RMB, compared to the USD and the EURO.
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