Financial and Currency Liberalisation in China - Experiments and Challenges

Event Type
Workshop

Location / Date
Bonn, 14.01.2014

German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE)

China's economic development has been based on a highly regulated domestic financial market, restricted capital in- and outflows and a non-convertible currency, the RMB. In the typical Chinese way of experimenting with new policies before they are introduced countrywide, several regions have been assigned as testing grounds for experimenting with liberalisation and internationalisation of financial markets and the RMB. This will have major repercussions for China, Asia, and for the global economy. In December 2013, the 3rd Plenum of the CPC has confirmed that China will pursue bold reforms in liberalizing its financial sector. The workshop gave the opportunity to discuss ongoing experiments with financial liberalisation in Shanghai and Shenzhen with a group of distinguished experts from the China Development Institute (Shenzhen) and Chinese financial institutions.

Hinweis

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