THE RENMINBI’S CHANGING STATUS

AND THE CHINESE AND HONG KONG

FINANCIAL SYSTEM(S)

André Meier

Simon Lester

Kong Qingjiang

Jennifer Hawkins

Willem Thorbecke

Lou Jianbo

Gao Xiang

Julia Leung

Douglas Arner

Wang Wenyeu

Vijay Srinivas Tata

Tony Wang

Matthias Feldmann

Helmut Siekmann

Alan Hoo

Joseph Yam Chi-kwong

Ling Bing

Bryan Mercurio

Robin Huang

Mark Hsiao

August 11th – 13th

Hong Kong

10.5 CPD points accredited by the HK Law Society

Friday, 8:30 – 9:00: Sign in and collect materials

∼ Buffet Lunch ∼

∼ Dinner, 7:30 pm ∼

The Hong Kong Club

Friday Morning

INTERNATIONAL TRADE

9:00 - 9:30: China’s currency and US domestic response - Simon Lester, WorldTradeLaw.net 9:30 - 10:00: China’s currency and WTO issues - Kong Qingjiang, Zhejiang Gongshang University

∼ 10:00 – 10:30 Break ∼ 10:30 – 11:00: China’s currency and IMF issues - Jennifer Hawkins, Journal of International Economic

Law and the International Monetary Fund 11:00 – 11:30: China’s currency: economic and political issues and effect of revaluations - Willem Thorbecke,

The Asian Development Bank Institute 11:30 – 12:00: Chair’s summary and discussion – Bryan Mercurio, The Chinese University of Hong

Kong

Friday Afternoon

BANKING REGULATION

2:00 - 2:30: Regulatory problems for China from a fully convertible RMB: possible solutions - Lou Jianbo, Beijing University

2:30 – 3:00: Chinese banking in the international monetary system - Gao Xiang, China University of Political Science and Law

∼ 3:00 – 3:30 Break ∼ 3:30 - 4:00: Hong Kong as an offshore centre for RMB banking business: policies and infrastructure – Julia

Leung, Under Secretary for Financial Services & the Treasury 4:00 - 4:30: Changes to Hong Kong banking regulation resulting from a multi-currency environment and an increased

international use of the RMB - Douglas Arner, The University of Hong Kong 4:30 – 5:00: Chair’s summary and discussion – Mark Hsiao, The Chinese University of Hong Kong

Thursday EveningKEYNOTE ADDRESS

7:00 – 8:00: André Meier, IMF Resident Representative in Hong Kong SAR

Saturday, 8:30 – 9:00: Sign in and collect materials

∼ Buffet Lunch ∼

Closing remarks by CFRED’s Director

Saturday Morning

REGULATION OF THE SECURITIES MARKETS

9:00 - 9:30: Taiwan's Securities Markets in the Shadow of Foreign Exchange Policies: Lessons from the Bubble in the 1980s - Wang Wenyeu, National Taiwan University

9:30 - 10:00: Legal and regulatory implications for Chinese securities markets and the Hong Kong and Shanghai Exchanges of the liberalization and internationalization of the Renminbi - Vijay Srinivas Tata, The World Bank

∼ 10:00 – 10:30 Break ∼

10:30 – 11:00: Hong Kong as a financial centre for renminbi products - Tony Wang, Bank of China Hong Kong

11:00 – 11:30: The creation and regulation of RMB products in Hong Kong - Matthias Feldmann, CliffordChance

11:30 – 12:00: Chair’s summary and discussion – Robin Huang, The Chinese University of Hong Kong

Saturday Afternoon

SHOULD HONG KONG ADOPT THE RENMINBI AS A LEGAL CURRENCY?

2:00 - 2:30: The introduction of the Euro: reasons and effects - Helmut Siekmann, University of Frankfurt

2:30 – 3:00: Why Hong Kong can adopt the Renminbi as legal tender - Mr. Alan Hoo, Basic Law Institute

∼ 3:00 – 3:30 Break ∼

3:30 - 4:00: The future of the monetary system of Hong Kong - The Honourable Joseph Yam Chi-kwong, former Chair, Hong Kong Monetary Authority

4:00 – 4:30: Chair’s summary and discussion – Ling Bing, The Chinese University of Hong Kong