The new Chinese leadership wishes to fundamentally alter the country’s economic growth model and have proposed sweeping reform of the Chinese financial system. These changes include making credit allocation conform to market criteria and opening the way up for the creation of new financial instruments. But perhaps the most fundamental alteration will be the liberalization of China’s foreign exchange to promote greater capital flows in and out of the country. Professsor Zhu Ning of the Shanghai Jiaotong University’s Institute for the Advanced Study of Finance will discuss the payoff and risks involved in this change, both which are potentially huge.
DATE: Apr. 22 (Tuesday)
VENUE: Embassy of the Kingdom of the Netherlands, Liangmahe Nanlu 4, Sanlitun
ENTRANCE: free to FCCC members, 80 RMB at the door to non-members
ABOUT THE SPEAKER:
Professor Zhu received his Ph.D. from Yale University, where he studied with Nobel Prize winning economist Robert Schiller. He has written a book about financial reform, which will be out in English this fall.