ABOUT

THE LUXEMBOURG RENMINBI FORUM

The Luxembourg Renminbi Forum gathers high-level speakers and industry practitioners to discuss the internationalisation of the RMB in the context of China’s transformation from an investment to a consumption-led economy.

For the 3rd time in succession, the Forum will provide an enriching platform for panels to address the Chinese government’s steps to reform its market economy. Discussions aim at introducing the different channels for foreign investors to invest into China and vice versa, Chinese investors’ options to invest abroad. Further topics include the new role of European stock exchanges in supporting Stock Connect, as well as corporates’ needs in RMB liquidity.

The one day conference is a unique opportunity to leverage extensive knowledge and networking, bringing together an international audience of investors and policy makers in the elegant venue of Philharmonie in Luxembourg.

09:00

Welcome address

Nicolas Mackel, CEO, Luxembourg for Finance

09:05

THE STATE OF PLAY WITH REGARDS TO THE INTERNATIONALISATION OF THE RENMINBI

Dr. Xuechun Zhang, Chief Representative, Frankfurt Representative Office, People’s Bank of China

09:15

Keynote Speech

HE Pierre Gramegna, Minister of Finance, Luxembourg

09:40

CHINA’S ECONOMY: THE NEW REALITY

Despite China’s economic growth being the weakest since 25 years, with 6.9% in 2015, it still outperforms growth rates of almost every other country in the world. Capital-rich banks and low unemployment back China’s transformation from an investment to a consumption-led economy. However, issues such as capital outflows, demographics and the overall global economic slowdown challenge this process – so what is China’s new reality?

Moderator: Alan Wheatley, Associate Fellow, Chatham House, London

Panelists:
Dr. Liu Shengjun, Executive Deputy Director, CEIBS Lujiazui Institute of International Finance, Shanghai
Abhishek Sinha Kumar, Head, Foreign Financial Institutions, UK/Europe, Citi, London
Frederic Neumann, Co-head of Asian Economics, Managing Director, HSBC Hong Kong
Andrew Polk, China Economist, Medley Global Advisors, Beijing

10:20

TO REFORM OR NOT TO REFORM - CHARTING THE WAY FORWARD

In its new 5-year plan, the Chinese government sets ambitious goals in order to reform the country’s economy. A major step will be the reform of state-owned enterprises and the transition to a floating exchange rate.
How strong is China’s will to reform its economy in general and financial markets in particular?

Moderator: Frank Sieren, Senior Asia Columnist, Handelsblatt, Beijing

Panelists:
David Carbon, Chief Economist, Managing Director for Economic and Currency Research, DBS Bank, Singapore
Sandra Lu, Partner Llinks Law, Shanghai
Robert Minikin, Head of Asian FX Strategy, Standard Chartered Bank, London

11:00

Coffee break

11:20

WHICH WAY TO ACCESS THE CHINESE MARKET - INVESTORS’ VIEW

Over the course of the last years, China has set up multiple channels to attract foreign investors into its capital market. Out of the range of potential access tools into the Chinese market – stock connects, mutual recognition, RQFII or QFII quotas – which channel should foreign investors choose?

Moderator: Nigel Stevenson, Online Editor, Thomson Reuters, London

Panelists:
Evan Goldstein, Managing Director, Global Head RMB Solutions, Deutsche Bank, Hong Kong
Xu Zhi, Deputy Head of Cross-Border RMB Management Division, International Banking Department, ICBC, Beijing
Tony Wang
, General Manager, Global Markets, Bank of China, Hong Kong
Marc-André Bechet, Director Legal & Tax, Association of the Luxembourg Fund Industry (ALFI)

12:00

STOCK EXCHANGES – NEW ROLE IN RMB INTERNATIONALISATION

Two years after its implementation, the Shanghai-Hong Kong Stock Connect is undergoing reforms to attract more foreign investors. As a reaction to recent market turbulences and to stimulate interest from the investor side, the launch of the Shenzhen-Hong Kong Stock Connect will be delayed until the second half of this year. CEINEX, the first regulated renminbi market outside China was launched in Frankfurt and London has announced similar plans. How can European stock exchanges support the different schemes?

Moderator: Hubertus Väth, Managing Director, Frankfurt Main Finance

Panelists:
Kevin Rideout, Managing Director, Hong Kong Exchanges & Clearing, Hong Kong
Robert Scharfe, CEO, Luxembourg Stock Exchange
Tilman Fechter, Executive Director, Sales & Relationship Management, Investment Funds Services, Clearstream, Luxembourg
Jianhong Wu, Member of the Board, China Europe International Exchange (CEINEX), Frankfurt

12:40

Networking Lunch

14:00

CHINA, QUO VADIS?

Jörg Wuttke, President of the European Union Chamber of Commerce in China, Beijing

14:40

CHINESE INVESTORS’ OPTIONS TO INVEST ABROAD

In recent years, China’s outward FDI has seen substantial increase. It may even have exceeded inbound FDI in 2014 for the
first time, according to the Chinese Ministry of Economy. Overseas investments are driven by the desire to find alternatives
from the volatility of the local market and are at the same time aiming at portfolio diversification or technology acquisition.
How can we best serve these investors?

Moderator: Thomas Bauer, Correspondent, BIZZenergy, Frankfurt

Panelists:
Stéphane Karolczuk, Partner, Head of Hong Kong Representative Office, Arendt & Medernach, Hong Kong
Tiecheng Yang, Foreign Legal Consultant, Clifford Chance, Beijing
Matt Moran, Corporate Finance Partner, PwC, Luxembourg
Katja Panichi, Partner, Elvinger Hoss Prussen, Luxembourg

15:20

CORPORATES’ NEEDS IN RMB LIQUIDITY (TREASURY AND BONDS ISSUANCE)

The RMB offshore market is recently facing more challenges with the Chinese government snapping up offshore reserves
to prevent the further depreciation of the currency and to narrow the gap between CNH and CNY value. In a challenging
economic context, do European corporates still have enough immediate appetite to tap into the offshore RMB pool?
Is liquidity an issue?

Moderator: Luc Paindavoine, Vice President, Luxembourg Association of Corporate Treasurers (ATEL)

Panelists:
Andrew Carmichael, Partner Capital Markets, Linklaters, London
Charles Chen, Director, International Development, Corporate Coverage EMEA, BNP Paribas, Paris
Patrick Pang, Managing Director, Asia Securities Industry & Financial Markets Association (ASIFMA), Hong Kong
Marco Pescarolo, Group Treasurer, Ferrero International, Luxembourg

16:00

Take aways

Nicolas MACKEL, CEO, Luxembourg for Finance

16:15

End of conference

SPEAKERS 2016

SPONSORS 2016

VENUE

philharmonie

 

Philharmonie

 

1 Place de l’Europe, L-1499 Luxembourg

ACCESS

ACCOMMODATION

Exterior

 

Meliá Luxembourg

 

10 Rue Fort Thuengen, L-1499 Luxembourg

Tel: +352 27 333-1

Contact: melia.luxembourg@melia.com

Recommended hotel, just opposite the corner