The 8th China (International) Asset Management Conference

2016-11-19 IMI

On November 19, 2016, the 8th China International Asset Management Conference was held in Hangzhou. It was hosted by China Asset Management Research Institute and jointly organized by IMI and China Forex Investment Research Institute. Under the theme of "Monetary Asset Management after RMB’s Inclusion in the SDR", the conference studied the opportunities and challenges faced by the asset management industry in the new economic landscape after the RMB joined the SDR basket. The conference promoted the experience exchanges on the RMB asset management and explored the future trend of the industry. Yang Hongsen, director of the China Asset Management Research Institute, delivered a speech, in which he said that as the RMB internationalization accelerated, the demand for cross-border settlement services grew; and the cross-border real asset management and financial asset management will become a new direction after RMB’s inclusion in the SDR. During the conference, Tea Kong, minister of commerce in China from Cambodia, praised the RMB's inclusion in the SDR. He said that its official inclusion marked China's integration into the international monetary system and achieved the RMB internationalization. Qiu Shengyun, consulate general of the People's Republic of China in New York, former ambassador in Jordan, former vice president at Chinese People's Institute of Foreign Affairs; Song Ke, deputy director of IMI; Tan Yaling, president of China Forex Investment Research Institute; Song Peng, dean of Urban Development Consulting Institute of ICC; and Xu Hongcai, deputy chief economist from China Center for International Economic Exchanges talked about their own opinions and shared views with all guests, wining great reputation and applause from participants. “This conference will have a far-reaching significance. We can say that with the acceleration of RMB internationalization, asset management capacity should keep pace with it. In that case, we can effectively defuse and prevent systematic risk accompanying with further opening-up.” Said Prof. Song.

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The 8th China (International) Asset Management Conference

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