•  
  • University of New South Wales
  • Macquarie University
  • The University of Sydney
  • University of Technology Sydney
  • Australian National University
  • The University of Melbourne
  • Capital Markets
  • Sirca
  • Commonwealth Bank
  • KPMG
  • King & Wood Mallesons
  • Macquarie
  • Australian Government - Treasury
  • New South Wales Goverment
 
 
 
 

CIFR REPORT LAUNCH: Internationalisation of the Renminbi

SYDNEY 26 March 2014: CIFR’s research report on the internationalisation of the Renminbi (RMB) has generated widespread interest, both locally and abroad.  The report was launched at a conference hosted by CIFR and the NSW Department of Trade and Investment, which was opened by the Deputy Premier, The Hon Andrew Stoner MP.  

After opening remarks by Dr Philip Lowe, Deputy Governor of the Reserve Bank of Australia, the report was presented by its authors - renowned academic Professor Barry Eichengreen (Professor of Economics and Political Science at the University of California Berkeley) and CIFR Research Fellows Geoff Weir and Dr Kathy Walsh.  Professor Prasanna Gai from the University of Auckland presented preliminary findings from his research into the implications of having two international reserve currencies.

To round out the morning’s presentations, Gilles Planté, Deputy CEO International and Institutional Banking, ANZ, and Chi-wah Chung, Deputy CEO, Bank of China (Sydney Branch), provided their thoughts on this topic from the perspective of financial industry participants.

Over lunch, Jason Allford, General Manager of the Domestic Economy Division, Australian Treasury, delivered the keynote address.

The conference concluded with a panel discussion on future market implications of the internationalisation of the RMB. Our panel was chaired by Ian Harper, Partner, Deloitte Access Economics, and included Professor He Fan, Senior Research Fellow, Chinese Academy of Social Sciences, Dr David Lynch, CEO, AFMA, Andrew White, General Manager, ASX, and Chris Durack, Head of Product & Distribution, Schroder Australia.
 


Welcome and Introductions

The Hon Andrew Stoner MP
Deputy Premier
Minister for Trade and Investment
Dr Philip Lowe
Deputy Governor
Reserve Bank of Australia
Professor Geoffrey Garrett
Dean
Australian School of Business
UNSW Australia                       
Professor David Gallagher
Chief Executive Officer
CIFR
                                          
Speech >> Launch of CIFR Research Report Internationalisation of RMB Speech >> Some Implications of the Internationalisation ot the Renminbi    


 CIFR Research 

      
Professor Barry Eichengreen
Professor of Economics and Political Science
University of California, Berkeley                                
Professor Prasanna Gai
Professor of Macroeconomics
University of Auckland
  Geoff Weir
Research Fellow
CIFR                                                                  
 

Dr Kathy Walsh
Associate Professor, Australian National University and
Research Fellow,

CIFR

PPT >> Pathways to Renminbi Internationalization PPT >> The International Acceptability of the Renminbi: A Theoretical Perspective   PPT >> RMB Internationalisation: Implications and Opportunities


Research Discussants & Keynote Speaker

Gilles Planté
Deputy CEO
International and Institutional Banking
ANZ                                                 
Chi-wah Chung
Deputy CEO
Bank of China (Sydney Branch)

Jason Allford

Keynote Speaker
General Manager of Domestic Economy Division
Australian Treasury

PPT >> Address to the Centre for International Finance and Regulation on RMB Liberalisation PPT >> Renminbi Internationalisation (Bank of China) PPT >> Internationalisation of the Renminbi (Treasury)

 


The Panel


(L to R) Chris Durack, Head of Distribution, Schroders, Dr David Lynch, Chief Executive Officer, AFMA, Andrew White, General Manager, Australian Securities Exchange and Professor He Fan, Senior Research Fellow, Chinese Academy of Social Sciences (CASS) and Professor Ian Harper, Partner, Deloitte Access Economics as Moderator
 

 

Media Coverage 


National

$A grinds higher on Chinese cut hopes
Sky News, 26th March 2014
RBA's Lowe encourages freer renminbi trade
Sydney Morning Herald, 26th March 2014
Changes to RMB could benefit Aust: RBA
The Australian, 26th March 2014

$A grinds higher on Chinese cut hopes

The Bull, 26th March, 2014

Australia on fast track to miss out on massive Chinese growth

Wealth Professional, 26th March 2014

Australian fund managers’ China opportunity

Asia-Pacific Banking & Finance, 26th March 2014

Market Wrap AM
Financial Standard, 26th March 2014

Aust stocks set to open stronger

Business Spectator, 26th March 2014

Australian market set to open higher

The West Australian, 26th March 2014

RBA's Lowe encourages freer renminbi trade

The West Australian, 26th March 2014

RN Breakfast this morning: Chinese currency forecast to become a reserve
ABC Radio National Breakfast, 26th March 2014

 

Asia

Internationalization of RMB could transform global capital markets
China Daily, 26th March 2014

RMB to be key international reserve currency within a decade
Asia Today, 26th March 2014

RMB to Be Key International Reserve Currency within a Decade – Centre for International Finance and Regulation
Dbpower (HK),  26th March 2014
Deutsche Bank appoints global renminbi chief
Finance Asia, 26th March 2014
RMB to be key international reserve currency within a decade, report says
The Asset, 26th March 2014

Australia plays catch up on RMB use

The Asset, 16th May 2014

RMB to be key international reserve currency within a decade – Centre for International Finance and Regulation
Shares Investment (SG), 26th March 2014

 

International

China Yuan Reforms Seen Pushing Asset Markets Into World's Top Two
Wall Street Journal, 25th March 2014 (26th March 2014, ADST)

Central bank activity due in the Asian timezone today – a lot of it …

ForexLive, 25th March, 2014 (26th March 2014, ADST)

G’day from down under

FX Street, 25th March, 2014 (26th March 2014, ADST)

China currency liberalization to be a 'seismic event': Australia 
Reuters, 25th March, 2014 (26th March 2014, ADST)

RBA Lowe talking about the Yuan

FX Street, 25th March, 2014 (26th March Australia time)

Why the yuan’s weakness is not an issue

CNBC, 26th March 2014

 

 
 


 



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