Luxembourg for Finance Renminbi Forum
Reference
On Wednesday 3 June 2015, the Luxembourg Renminbi Forum gathered high-level speakers and industry practitioners at the Philharmonie to exchange expert opinion on the successful internationalisation of the Renminbi (RMB) in the context of China’s ongoing financial reform.
The forum, now in its second year, provides an enriching platform for panels to address the role of the various European financial centres and international RMB hubs.
Clearstream Executive Board Member, Berthold Kracke joined the informative panel update on RMB clearing activities around the world and highlighted the importance of creating more liquidity in both cash and securities to improve investor confidence.
The discussion, led by Philip Stafford of FT Trading Room, looked at how Chinese banks are adapting to their clearing activities. Co-panellist Dr. Yuanzheng Cao, Bank of China Group Beijing, represented the view from inside China balanced by Luxembourg-based Chen Fei of Industrial and Commercial Bank of China and Antonio Rodriguez of China Construction Bank.
Key discussions on this year’s agenda demystified various schemes set up for investors, such as RQFII and Stock Connect for around 450 delegates.
Further topics included investor appetite for RMB products, the structuring of RMB funds and the development of clearing activities around the world.
Clearstream continues to support cross-border liquidity and the evolution of the RMB bond market as two critical factors in the internationalisation of the currency. We proactively advance the internationalisation of the RMB through our established network of RMB clearing banks, settlement links to many offshore RMB markets and multiplying collateral management partnerships.
We look forward to seeing you next year!
A copy of the Agenda is available below
