The inclusion of the RMB into IMF reserve currency basket in November 2015 was seen as a major recognition of the Yuan’s importance in the global economy and a step towards its eventual internationalization. Yet questions remain about China’s ability to manage its currency and whether the RMB is truly ready to be a stabilizing pillar in the global economy (after US$, Euro, and Yen). Join us as we explore the question of whether China’s RMB ambitions can face the reality of slowing growth and heady political and financial winds.
Paul Malpass (Head of RMB Internationalisation, CMB, HSBC Bank China)
Paul Malpass leads RMB Business Development for Commercial Banking in China and across the Group. Paul has worked on the topic of RMB Internationalisation since January 2013, and during this time he has helped shaped HSBC China and the wider HSBC Group’s strategy towards helping our clients capture the opportunities associated with the liberalisation of the Chinese current and capital accounts and growing international use of the RMB. This involves educating and advising clients across the world on the latest regulatory developments, as well as the anticipated future opportunities and how these can be captured.
Prior to working in Shanghai, Paul has held positions for HSBC in London, Paris & Moscow working on a broad range of topics including Commercial Banking, Strategic Planning & Project Management. Paul has a Politics and Economics degree from Loughborough University.
Ivan Shi (Director, Research, Z-Ben Advisors)
As head of the research department, Mr. Shi is responsible for overseeing all of Z-Ben Advisors’ analysis and thought leadership on a variety of topics, including China’s asset management industry, financial institutions, financial markets, macroeconomic and policy developments. During his eight years with Z-Ben Advisors, Mr. Shi has had the opportunity to work extensively on both research and advisory work, where he specializes in examining regulatory developments.
About the YCW China Business Forum: The China Business Forum is a part of the regular YCW speaker’s series with a focus on in-depth business topics relevant to China. We draw upon experts with deep hand-on experience in China to discuss and debate important issues in the Chinese economy, politics and society. This panel based event typically features two panelists with a moderator.