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The People's Bank of China is issuing its own Digital RMB, which can be used in the same way as physical currency for transactions. After years of research, the Mainland's central bank has started to pilot this Digital RMB in a number of cities, including Shenzhen, since last year.

Many other countries are also developing their own digital currencies, but China is undoubtedly the most advanced among the major economies. In addition to making daily transactions faster and smoother, Digital RMB also gives the government more insights into money supply and capital flow, and facilitates the tracking of financial transactions.

As Hong Kong is the world's largest and most important offshore RMB business centre, how will it be affected by the emergence of Digital RMB? What should Hong Kong businesses do to prepare for the new currency?

Kera Kong, Strategic Planner, RMB Business Division, Economics & Strategic Planning Department, Bank of China (Hong Kong) Ltd, will discuss these issues at a June 10 webinar. She will also share the latest developments and prospects of Digital RMB as well as her views on some of the challenges ahead.

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Kera Kong

Strategic Planner, RMB Business Division, Economics & Strategic Planning Department, Bank of China (Hong Kong) Ltd

Kera Kong is the key member of the RMB business division of Bank of China (Hong Kong) Limited. She is responsible for researching offshore RMB business development and analyzing strategies in Mainland China and offshore markets, while promoting RMB services in line with market demand. She previously worked for the Hong Kong RMB clearing bank, focusing on offshore RMB operations.

Language Putonghua
Date and Time 2021/06/10 11:00 to 12:15
Venue Online via ZOOM
Media Closed to media
Enquiries West Lam
Tel: 2823 1265
Email: west@chamber.org.hk
Fee Members @ HK$100 / Non-Members @ HK$200
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.
- Details such as the webinar link will be sent to attendee by ZOOM email 3 days before the event.
- The registration fee is non-refundable for this event.

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