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The 2015 Australia-Hong Kong RMB Trade And Investment Dialogue
The Reserve Bank of Australia, the Hong Kong Monetary Authority and the Commonwealth Treasury hosted the 3rd Australia-Hong Kong RMB Trade and Investment Dialogue on 9 July 2015 in Sydney. The dialogue provides a platform for financial sector and corporate representatives to improve their understanding of the internationalisation of the RMB and the opening of China's capital account. The agenda is included below.
Agenda
The 2015 dialogue focussed on the opportunities associated with the RMB's increasing importance as an international trade and investment currency. In light of policy developments such as the launch of the Shanghai-Hong Kong Stock Connect scheme as well as Australia's RMB 50 billion RMB Qualified Foreign Institutional Investor (RQFII) allocation, the dialogue considered the investment and funding opportunities associated with the internationalisation of the RMB.
9 July 2015 - Sofitel Sydney Wentworth
| Time | Agenda |
|---|---|
|
08.00‑09.00 |
Registration |
|
09.00‑09.20 |
Welcome and opening remarks Opening remarks - John Fraser, Secretary to the Treasury |
|
09.20‑10.40 |
Session 1 - Panel: Offshore market developments and RMB-related business opportunities Chair - Eddie Yue (Deputy Chief Executive, HKMA); Panellists: Harald Eikland (Director Debt Syndicate, ANZ), Carmen Ling (Head of RMB Solutions, Standard Chartered, Hong Kong), Fiona Trigona (Head of Funding, NSW T Corp), and Helen Wong (Greater China CEO, HSBC). Discussion considered the expansion of the RMB architecture, relationships between RMB centres and Hong Kong's role as the pre-eminent RMB centre. Discussion also considered opportunities for corporates and financial institutions, including raising funds in RMB (with reference to Dim Sum bonds and other funding options) and other structured products. |
|
10.40‑11.00 |
Morning tea |
|
11.00‑12.20 |
Session 2 - Panel: Investment opportunities of RMB internationalisation Chair - Philip Lowe (Deputy Governor, RBA); Panellists: Andrew Bragg (Financial Services Council, Director of Policy & Global Markets), Rodney Comegys (Vanguard, Head of Investments Asia-Pacific), Kevin Rideout (HKEx, Head of Business Development) and Chris Ryan (MSCI, Managing Director and Head of Asia Pacific). Discussion considered the investment opportunities arising from RMB internationalisation, including particular insights associated with Stock Connect and Australia's RQFII allocation. |
|
12.20‑13.50 |
Lunch - Keynote speech - Mark Johnson AO |
Media Release
- Joint media release with the Reserve Bank of Australia and Hong Kong Monetary Authority
9 July 2015
Photos from this event
Photos: top-left: John A Fraser, Secretary to the Treasury; top-right: Chris Legg, Chief Advisor, International Policy and Engagement Division, The Treasury; bottom-left: Session 1 panelists: (L-R) Fiona Trigona (Head of Funding, NSW T Corp); Helen Wong (Greater China CEO, HSBC); Eddie Yue (Deputy Chief Executive, HKMA); Carmen Ling (Head of RMB Solutions, Standard Chartered, Hong Kong ; and Harald Eikland (Director Debt Syndicate, ANZ)
About the sponsors of this event
This information has been supplied by event sponsors and is not endorsed by the Treasury, RBA or the HKMA.
Locally based in 29 Asia Pacific markets, ANZ is well positioned to deliver the right solutions for our clients. Our specialists have the experience and in-depth industry knowledge to seamlessly deliver tailored financial solutions.
With offices in Shanghai, Beijing and the main offshore RMB clearing centres of Hong Kong, Singapore, Taiwan and London, we have the network, local knowledge and global solutions to help firms successfully navigate the internationalisation of China's currency. Our RMB specialists are focussed on developing holistic solutions for our customers to give them a competitive edge that can drive their businesses forward.
For e-mail enquiries, please contact: Daniel.Everett2@anz.com
Corporate Finance Services: Cross-border Direct Investment RMB Finance, RMB Working Capital Loan, RMB Syndication & Offshore Deposits; Trade Fin
ance Services: Negotiated Payment/Financing, L/C Transfer Advice, Usance L/C Negotiated at Sight; Personal Finance Services: Great Wall International Debit Card, Load & Go China Travel Card, RMB Deposits & Remittances; Financial Institution Services: QFII/RQFII Service, RMB Finance & Deposits; Financial Markets: Spot/Forward FX, FX Swap, Debt Capital Market Origination, RMB Oceania Bond, Currency Swap, RMB Structured Product; RMB Clearing Bank Services: BOC/ASX RMB Settlement Service, Cross-border/Offshore RMB Clearing.
For e-mail enquiries, please contact: rmbcc@bankofchina.com
The Commonwealth Bank is Australia's leading financial institution, with assets of more than A$750billion. The Group is ranked 10th largest bank in the world by market capitalisation (Bloomberg, 23/4/2015). We pride ourselves on understanding our clients' business using deep industry experience to provide seamless and innovative RMB solutions when investing or trading with China.
Through our disciplined approach in capital and risk management solutions, Commonwealth Bank can assist our cross border institutional and corporate clients to maximise their inbound & outbound China business opportunities, whether they are just starting out or have established operations inside China. As your local business partner, Commonwealth Bank can navigate and provide onshore (in Shanghai) and offshore RMB solutions.
For e-mail enquiries, please contact: Sangeeta.Venkatesan@cba.com.au