UMSL finance professor to discuss China’s currency, US implications
For most Americans, coming across Chinese currency is exciting and something they might hold onto for posterity. But with China’s push to internationalize the county’s money, the Chinese currency renminbi could become common in the United States.
Hung Gay Fung, the Dr. Y.S. Tsiang Professor in Chinese Studies and chair of the finance and legal studies area in the College of Business Administration at the University of Missouri–St. Louis, will discuss “Renminbi: On the Road to Becoming an International Reserve Currency” at 8 a.m. April 7 at the World Trade Center Saint Louis.
The discussion will focus on how China will internationalize renminbi, also known as RMB, to make it more acceptable to other countries for trade and finance. This new policy change will help China contain its domestic inflation threat and improve its financial market. In addition, Fung has said this change interesting implications for the U.S. economy and companies.
The discussion is part of the monthly Breakfast & Business Series sponsored by the UMSL’s College of Business Administration and Express Scripts.
Breakfast and networking will begin at 7:30 a.m. The event is free and open to the public. World Trade Center Saint Louis is at 121 South Meramec Ave in Clayton, Mo. The event will be held in rooms 1012 and 1013. Reservations are required. Call 314-516-5883 to reserve a spot.
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