Governor, The People’s Bank of China
Former U.S. Treasury Secretary; Charles W. Eliot University Professor, Harvard University
Chief Executive, Hong Kong Monetary Authority
Chief Economist, International Monetary Fund
Professor of Economics and Political Science, Department of Economics, U.C. Berkeley
Chief Representative for Asia and the Pacific, Bank for International Settlements
President and CEO, Canada Pension Plan Investment Board
Editor-in-chief, Caixin Media
Topics
· Latest developments in fintech: opportunities and challenges
· Progress and development in digital currencies, including central bank digital currencies
· The influence of fintech on payments and clearing, monetary policy and financial stability
· How fintech may promote RMB as a freely usable currency
Agenda
Including 5 minutes’ welcome remarks, 20 minutes’ keynote remarks, 30 minutes’ panel discussion and 30 minutes’ Q&A.
Yi GangGovernor, The People’s Bank of China
Wang ShuoEditor-in-Chief, Caixin Media
Lawrence H. SummersFormer U.S. Treasury Secretary; Charles W. Eliot University Professor, Harvard University
Eddie Yue Wai-manChief Executive, Hong Kong Monetary Authority
Gita GopinathChief Economist, International Monetary Fund
Barry EichengreenProfessor of Economics and Political Science, Department of Economics, U.C. Berkeley
Siddharth TiwariChief Representative for Asia and the Pacific, Bank for International Settlements
Mark MachinPresident and CEO, Canada Pension Plan Investment Board
Li XinVice President, Caixin Media; Managing Director, Caixin Global
Many parts of the world are stepping up their study of digital currencies. Among them, the People’s Bank of China (PBOC), China’s central bank, is at the forefront.
The central bank’s three-year plan for China’s fintech development is entering its implantation phrase five months after the People’s Bank of China (PBOC) issued it.
The opening of China’s financial markets over the past decade has given significant impetus to the internationalization of the yuan, but more needs to be done to encourage overseas investors to use the Chinese currency, a senior official at PBOC said.
The PBOC has outlined its key priorities and tasks for 2020 after a two-day meeting to set its policy agenda, pledging to win the battle to defuse financial risks, improve and expand the scope of its macro-prudential regulation, and strengthen counter-cyclical policies to support economic growth.
China’s central bank said it had neither issued any digital currency nor authorized asset-trading platforms to deal in one, as rumors swirled about its mooted issuance of a state-backed digital currency.
China has decided to remove the caps on how much overseas investors can invest in the country through certain programs, in a move to further open up the country’s financial markets.
