Topical Talk IX

“RMB Internationalization and Hong Kong's Role as an International Financial Centre”

Prof. LI Chen shared a talk entitled “RMB Internationalization and Hong Kong's Role as an International Financial Centre” on 19 March 2024.

Prof. LI Chen is an Associate Professor at the Centre for China Studies, The Chinese University of Hong Kong (CUHK). He is also a Research Fellow (by courtesy) at CUHK’s Lau Chor Tak Institute of Global Economics and Finance (IGEF). A political economist, he has researched, written and taught on a wide range of issues in China’s political economy, public policy, institutional reforms and business environment, such as China’s state-owned-enterprise reform, financial regulatory reform, government-business relations and industrial & regional development policies. He received his PhD and MPhil in development studies from the University of Cambridge and dual bachelor degrees of law and economics from Peking University.

In this talk, Prof. LI Chen delivered the process of RMB internationalization and sets the recent rise of the RMB in international finance within the broader context of the changing global order and China’s reforms. It examines the evolving role of Hong Kong as an international financial centre in an increasingly complex and volatile global geopolitical environment, highlighting the strategic importance of Hong Kong in promoting RMB internationalization as well as the challenges and opportunities in this process.