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Workshop 2

China’s economic digitization, morphing monetary policy framework & the globalization of RMB 
 StephenChiu_CCBA_100x100  

 

Stephen CHIU

Vice President, Business Management and Research Team, Treasury Division 
China Construction Bank (Asia) Limited
  • China’s digital economy on the rise, accounting for about 40% of GDP nowadays
  • Digitization can bolster China’s productivity and support economic rebalancing
  • Digitalization helps slowing China’s potential growth slowdown
  • China’s monetary policy framework morphing towards developed nations’ setup
  • China’s interest rate system too perplexing and convergence needed
  • China has been stepping up policy communication with the markets
  • RMB globalization to pick up but still a long way to go
  • We introduces the CCBA REIT (Renminbi Effective Internalization Tracker)

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