La Chine et le Système Financier International

La Banque de France (BdF), la BCE et le CEPII co-organisent une conférence sur le thème « La Chine et le Système Financier International», le 13 décembre 2021.

On Monday 13 December 2021, the Banque de France organised a conference on China and the International Financial System, in partnership with the ECB and CEPII. The event, which was part of the Eurosystem's China Expert Network, brought together more than 100 participants online.

After opening remarks given by the Banque de France Deputy Governor, Sylvie Goulard, the conference featured a panel session moderated by Livio Stracca (ECB) in which four renowned experts in China matters: Alicia Garcia Herrero (Natixis, Bruegel), Christoph Trebesch (Kiel Institute), Raphael Auer (BIS) and Michel Aglietta (CEPII) discussed about China’s evolving financial landscape in the context of a broader transformation in its growth model.

The keynote speech was delivered by Eswar Prasad (Cornell, Brookings) and touched upon a wide range of issues from short and medium term growth challenges to the motivations behind the e-CNY (digital yuan) and its implications as well as the prospects for the renminbi to become a major international currency.

The programme also included three paper sessions focussing on the following themes: (i) internationalisation of the renminbi, (ii) China’s system innovation and connection, and (iii) green financial policies in China.

Policy panel: China and the International Financial System: https://youtu.be/UYJdzMFssBs

KEYNOTE ADDRESS: China and the International Financial System: https://youtu.be/4YJFv5GJ0AY

SESSION 1: China and the International Financial System: https://youtu.be/yfsxjHjaies

SESSION 2: China and the International Financial System: https://youtu.be/Sv0kEvyHu1M

SESSION 3: China and the International Financial System: https://youtu.be/RekjzJuruZA

Tentative schedule (Paris Time)

9.20

Welcome / Opening Remarks by Sylvie Goulard (BdF)

9.30

Policy Panel

Panelists: Alicia Garcia Herrero (Natixis, Bruegel), Christoph Trebesch (Kiel Institute), Raphael Auer (BIS), Michel Aglietta (CEPII)

Moderator: Livio Stracca (ECB)

10.50

Break

11.00

Session 1 - RMB Internationalization and Implications for the International Monetary System

International Payment Flows and the Potential of the RMB as a significant payment currency - Edwin L.-C. Lai (CESifo, HKUST), Isabel K.-M. Yan (Ciity Univ. of UK)

Discussion: Clément Marsilli (Banque de France, BdF)

Fundamental v Policies: Can the USD's dominance in Global Trade be dented? - Georgios Georgiadis (ECB), Helena Le Mezo (ECB), Arnaud Mehl (ECB, CEPR) & Cédric Tille (Graduate Institute, CEPR)

Discussion: Gong Cheng (BIS)

12.10

Lunch break

14.00

Keynote Address by Eswar Prasad (Cornell, Brookings)

Introduction: Sebastien Jean (CEPII)

14.50

Break

15.00

Session 2 - China's system: Innovation and Connection

Does Decoupling Hurt Entrepreneurial Financing? The Chinese VC Market in the Trade War - Joy Chen (Cheung Kong Graduate School of Business), Robin Kaiji Gong (HK University) & Jinlin Li (Peking Univ., Harvard Kennedy School)

Discussion: Martino Ricci (ECB)

Data v Collateral - Leonardo Gambacorta (BIS), Yiping Huang (Peking University), Zhenhua Li (Ant Group), Han Qiu (Peking Univ.) & Shu Chen (Ant Group)

Discussion: Thomas Grjebine (CEPII)

16.10

Break

16.20

Session 3 - Green Financial Policies in China

Out of the Window? Green Monetary Policy in China: Window Guidance and the Promotion of Sustainable Lending and Investment - Simon Dikau (LSE gri), Ulrich Volz (SOAS, Univ. of London)

Discussion: Maria-Sole Pagliari (BdF)

Governing Green Finance in China - Peter Knaack (CEP)

Discussion: Camille Macaire (BdF)

17.30

Adjourn

 

Organizing Committee: Thomas Grjebine (CEPII), Camille Macaire (Banque de France), Clément Marsilli (Banque de France), Martino Ricci (ECB)

 

 

Mis à jour le : 15/03/2022 15:41