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Details: Luxembourg for Finance (LFF) has announced that it will hold the second edition of The Luxembourg Renmimbi Forum 2015 on Wednesday 3 June 2015 at the Philharmonie in Luxembourg-Kirchberg.
The Luxembourg Renminbi Forum 2015 focuses on China’s ongoing financial reform in a challenging economic context. Renowned international experts will address current themes around the internationalisation of the renminbi, while concentrating on China’s efforts to liberalise capital markets. Discussions aim to demystify various schemes set up for investors, such as RQFII and Stock Connect. Further topics include investor’s appetite for renminbi products as well as the role of international RMB hubs and the development of clearing activities.
Preliminary programme:
08:30 Registration
09:00 welcome address
09:10 Keynote speech by HE Pierre Gramegna, Minister of Finance, Luxembourg
09:30 China’s economy and its importance on a global stage: Predictions on China overtaking the US as the largest world economy materialised in October 2014, when the IMF announced new figures confirming this long-anticipated event. By 2019, the IMF even expects the Chinese economy to be 20% bigger than the US economy. How will China’s increasing economic weight impact the world economy?
10:15 Financial reform in China: The past two years have seen an acceleration of financial reform in China. The Shanghai Free-trade Zone was established, as well as the Shanghai-Hong Kong Stock Connect. RQFII quota was extended to now 9 jurisdictions. These schemes offer opportunities for international investors to access the Mainland’s capital market and stimulate financial innovation beyond China. For what target groups are the schemes designed and how to access them? Do they meet investor’s expectations? What is next?
11:00 Coffee break
11:15 Role of international Renminbi hubs: The internationalisation of the renminbi offers opportunities to financial centres around the world. What are the specific roles of the different financial centres across the world in the internationalisation of the renminbi? What are the lessons to be learned from established Asian RMB hubs?
12.00 Appet ite for RMB financial products With the gradual opening of China’s capital account, the development of different RMB products will be crucial for the further circulation of the renminbi. Also, non-Chinese companies have an increased need for diversified sources of investment to hedge risks resulting from unbalanced portfolio management. How do established European products like the UCITS benefit from this trend? What is the advantage of listing Dim Sum bonds? Is there space for additional RMB-denominated financial products?
12:45 Buffet lunch
13:45 Keynote speech
14:15 Struct ring of RMB funds: RMB-denominated investment funds have become a popular investment tool, with Luxembourg being at the forefront of product innovation in that field. As the leading European jurisdiction for RMB funds, its experts can provide precious advice. How is an RMB fund structured? What are specific requirements as opposed to other currencies? What advantages does a RMB UCITS offer to investors?
15:00 RMB clearing activities around the world: With the expansion of clearing activities to banks established outside China, Chinese authorities facilitate and accelerate clearing activities on the spot and thus grant more independence to those jurisdictions. What does having a clearing bank mean for the ecosystem of an international RMB hub? How do Chinese banks collaborate in their activities as clearing banks? How has this new business line developped?
15:45 Conclusion remarks
16:00 End
Venue: Philharmonie in Luxembourg-Kirchberg
Organiser: Luxembourg for Finance
Price: n/a
Reservations: Online registration will open 15 April 2015 on www.rmb-forum.com.
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