Event Details

With the rise of cryptocurrencies like Bitcoin, central governments have become increasingly interested in the idea of digital currencies. Arguably no major economy has made greater strides toward currency digitalization than China. China began developing a digital currency in 2014 under a government programme dubbed the Digital Currency Electronic Payment (DCEP), otherwise known as the digital yuan. However, unlike Bitcoin which relies on decentralized Blockchain technology, the digital yuan will be centrally controlled by China's monetary authority.


The digital yuan promises to revolutionize how money is spent, transferred, and distributed in China and beyond. Among other things a centralized digital currency will facilitate transactions, open the door to new kinds of monetary policy, limit crime, and perhaps even allow its users to circumvent the US dollar in global transactions.


After several recent digital currency trials in Shenzhen, Suzhou, and Chengdu there is much anticipation that China may be nearing a more expansive rollout of its digital currency. What will this rollout look like? How will the digital yuan shape the Chinese economy in the coming years? Can we expect the digital yuan to facilitate the internationalization of the RMB as a rival to the US dollar?

Join us for an exploration of these questions and more.

Speakers

  • Emir Hrnjic (Head of FinTech Training at Asian Institute of Digital Finance, National University of Singapore)

    Emir Hrnjic

    Head of FinTech Training at Asian Institute of Digital Finance, National University of Singapore

    Dr. Emir is Head of FinTech Training and Senior Research Fellow at Asian Institute of Digital Finance (AIDF), National University of Singapore (NUS). He specialises in digital currencies and corporate finance.

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  • Linghao Bao (Analyst at Triviumchina)

    Linghao Bao

    Analyst at Triviumchina

    Linghao Bao is an analyst at Trivium, conducting policy research in a range of industries including finance and tech. He is the lead analyst for Trivium's coverage of digital yuan. Linghao holds a master’s degree in quantitative finance from Washington University in St. Louis.

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  • Luaren Johnston (Research Associate at SOAS China Institute, University of London)

    Luaren Johnston

    Research Associate at SOAS China Institute, University of London

    Dr. Lauren Johnston is Visiting Senior Lecturer, Institute of International Trade at the University of Adelaide and Research Associate, China Institute, SOAS, University of London. Johnston’s research and publishing focus on 1) China’s trade and investment ties with Africa; 2) the domestic and international impacts of population ageing in China. Lauren is a member of the African Economics and Finance Association Research Committee and of the Chinese Economist Society of the USA and Australia, and Founding Director, New South Economics. Her previous employers include the University of Melbourne, Peking University, the World Economic Forum, World Bank and Overseas Development Institute. She holds a PhD in Economics from Peking University, a MSc Development Economics from SOAS, and a B.A/B.Com from the University of Melbourne.

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Tickets

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