Renminbi Internationalization: Outlook and Offshore Centers (Take 15 Series—Conducted in Chinese)

CFA Institute Take 15 Series

Viewer note: This interview was conducted in Mandarin Chinese. An English translation of the interview is also available for download (PDF).

Tse Yung Hoi discusses the possible influence that the Renminbi Qualified Foreign Institutional Investor (QFII) and RMB Foreign Direct Investment (FDI) schemes will have on the progress of RMB internationalization after Vice Premier Li Keqiang’s recent visit to Hong Kong and the role that the RMB will play in the global monetary system over the next 5 to 10 years.

The first part of this interview discusses the basic concepts, background, and key milestones of RMB internationalization, as well as lessons learned from the internationalization of the Japanese yen.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.



Speaker

Photo of Yung Hoi Tse

Tse Yung Hoi is deputy chief executive officer of Bank of China International Holdings Ltd and the chairman of BOCI-Prudential Asset Management Limited. He is also the life honorary president of Chinese Securities Association of Hong Kong; the vice chairman of China Universities Alumni (HK) Association; independent nonexecutive director of China Life Insurance (Overseas) Co., Ltd; director of the Chinese General Chamber of Commerce; honorary advisor of Business and Economics Association HKUSU, vice chairman of the Chinese Academy of Governance (Hong Kong) Industrial Commercial and Professional Alumni Association Ltd; and senior vice chairman of Zhong Hua Construction Foundation Ltd. With more than 30 years' experience in international banking and finance industry, Mr. Tse has been fully committed to promoting the financial cooperation between mainland China and Hong Kong SAR. He is widely acknowledged as the advocate and forerunner of the "Hong Kong Stock Through Train Program." He has also promoted the internationalization of the renminbi. Mr. Tse was the recipient of the Special Award in the 7th Chinese "Top 10 Economic Talents" in 2010.

This information is accurate as of the date of recording.

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Topics

  • Portfolio Management
  • Economics

Price (USD)

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Details

Length : 13min
Posted : 2/16/2012
Recorded On : 9/15/2011
CE Credits : 0.5 CE
Formats :
  • Video Podcast