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Digital currency lead and future of Hong Kong worry China watchers

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Digital currency lead and future of Hong Kong worry China watchers

Wednesday 14 July 2021 – Vol.12 Ed.28.3

Commentary: Leaders warn of China’s CBDC dominance

By Philip Middleton in London

Senior officials on both sides of the Atlantic are starting to muse publicly about the prospect of digital currency wars. In a recent speech, François Villeroy de Galhau, governor of the Banque de France, warned that the digital renminbi posed a risk to the euro. Bill Foster, US congressman, urged the Fed to speed up its review of the implications of a US CBDC. He insisted that early adoption was needed to combat ‘the spectre of China’. Not all are convinced.

Read the full commentary on the website.

Meeting: Hong Kong’s future as an international financial centre

Thursday 5 August, 09:00-09:45

Hong Kong’s financial system remains resilient despite geopolitical tensions, social unrest and Covid-19. Eddie Yue, chief executive of the Hong Kong Monetary Authority, discusses Hong Kong’s role as a gateway to China, highlighting the stock and bond connect schemes. Yue also focuses on the fintech landscape and the role Hong Kong plays as a regional hub for green finance, being a financial regulator, investor and market facilitator.

Register to attend here .

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