Title

Internationalization of RMB & the roles of Hong Kong = 人民幣國際化及香港扮演的角色

Streaming Media

Organizer

Lingnan University

Document Type

University Assembly

Date

9-23-2013

Time

5:00 p.m. -- 6:30 p.m.

Venue

MBG22, Ben C. M. Wong Lecture Theatre, Lingnan University

Description

President Leonard K Cheng presented his insights on renminbi (RMB) internationalisation and the role of Hong Kong to some 200 students and staff members at the first University Assembly 2013/14 on 23 September.

The presentation was started with an overview of the definition and benefits of RMB internationalisation, which was followed by an outline of China’s strategy and initiatives since 2004 to promote wider usage of RMB worldwide, as well as a review of Hong Kong’s role in the process as the offshore RMB market. President Cheng then went on to discuss the challenges ahead, and called on Hong Kong to adopt four approaches so as to take up a more proactive role: building a critical mass of RMB products; developing means by which RMB raised in Hong Kong can be brought back to mainland China and invested in RMB products there; alleviating the concerns of the central government about national financial security, monetary policy and regulatory arbitrage; as well as differentiating Hong Kong’s role from other major markets and co-operating with them to extend the reach of RMB.

鄭國漢校長於9月23日舉行的2013/14年度首場大學論壇上,向約200名學生及教職員論述他對人民幣國際化及香港所扮演角色的精闢見解。

鄭校長首先簡介人民幣國際化的定義與好處,然後再扼要說明中國自2004年起,為推廣世界各地使用人民幣而採取的策略和具體措施,並回顧香港在這個過程中擔當離岸人民幣市場的角色。其後,他繼續探討人民幣國際化未來的挑戰,並建議香港從四個途徑著手,發揮更主動的作用,包括:增加以人民幣計價的金融產品,令該類產品的種類和數量達至理想規模;開發各種工具或渠道,使在香港籌集的人民幣可以回流內地投資人民幣產品;減輕中央政府對國家金融安全、貨幣政策及監管套利方面的憂慮,以及區分香港與其他主要市場的角色,加強彼此合作,以擴大人民幣的使用範圍。

Recommended Citation

Cheng, K. L. (2013, September 23). Internationalization of RMB & the roles of Hong Kong [Video podcast]. Retrieved from http://commons.ln.edu.hk/videos/2

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