AN INDISPENSABLE RESOURCE FOR ANYONE IN INTERNATIONAL FINANCE
The Renminbi’s Changing Status and the Chinese and Hong Kong Financial Systems is based on a collection of papers presented at the conference “The Renminbi’s Changing Status and the Chinese and Hong Kong Financial System(s)” in August 2011. The book explores how China’s gradual capital account liberalization and the growing role of Hong Kong as a leading offshore centre for RMB will affect the international monetary system, the balance of international trade, the shape of the world’s banking system and securities markets, and the future monetary system of Hong Kong. This collection of papers is an essential resource for anyone seeking to understand the actual and potential ramifications of current Chinese monetary policy.
This collection includes papers presented at the inaugural conference of the Law Faculty of the Chinese University of Hong Kong’s Centre for Financial Regulation and Economic Development (CFRED), held 11–13 August 2011.
Contributors are academics, a consultant, a development bank official and a barrister who are well versed and familiar with the money markets in Hong Kong and China: Chapters and papers are the collected expert views of authors from around the world, each working in different disciplines, addressing the main and critical aspects of the Renminbi’s changing status
Includes discussions on various issues arising from the changing status of the Chinese currency and its effects on: International trade Banking Securities market Hong Kong’s monetary system
Table of Contents Part One: International Trade Chapter 1: Possible US Responses to China’s Currency Policies: Evaluating the Options Chapter 2: Is It a Good Idea to Challenge China’s Currency Issue in the WTO? Chapter 3: China’s Currency and IMF Issues Chapter 4: East Asian Supply Chains and Relative Prices: A Survey of the Evidence
Part Two: The Regulation of Banking and the Securities Markets Chapter 5: Possible Problems on FDI and ODI Regulation Arising from the Liberalization of Capital Account in China and Their Implications Chapter 6: Taiwan’s Securities Markets in the Shadow of Foreign Exchange Policies: Lessons from the Bubble in the 1990s
Part Three: Should Hong Kong Adopt the Renminbi as Legal Currency? Chapter 7: The Introduction of the Euro: Reasons and Effects Chapter 8: Why Hong Kong can Adopt the Renminbi as Legal Tender
