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China’s Foray into Digital Currencies and the Global Implications

Andrew Work Headshot.jpg

SPEAKER: Andrew Work, Co-Founder and Director, The Lion Rock Institute

HOSTING COMMITTEE: Alternative Investment Committee

MEMBER FEE: ¥600

GUEST FEE: ¥1200

DATE AND TIME: October 16, 2020 1:00 - 2:00pm
Post-Event Breakout Room 2:00 - 2:20pm*

REGISTRATION/CANCELLATION DEADLINE: October 16, 2020, 10:00

China, like several countries, has been exploring the development of a digital currency.  Sometimes called altogether Central Bank Digital Currencies (CBDC), the version under development in China is unique.

At this point, the PBOC CBDC isn't going to be an investment vehicle, which is how many people treat cryptocurrencies now. In fact, it isn't really even a national cryptocurrency. But it is going to have implications for anyone who is currently doing business with China.

Speaker Profile:

Andrew Work is the author of the only report on China’s forthcoming Digital Currency Electronic Payment (DC/EP) system, also known as the People’s Bank of China’s digital currency. Published by the Friedrich Naumann Foundation, it is titled Crypto RMB: Finance Innovation or New Tool for Control? (download here).

Mr Work is a Hong Kong-based policy analyst and a co-founder and Director of The Lion Rock Institute (established 2004), Hong Kong’s first and only economic think tank focused on providing free market solutions to Hong Kong issues ranging from trade and taxation policy to budgetary planning and competition law. In November, he stepped down as the Managing Director, Head of Media, Asia and Europe at NexChange Group, a digital asset merchant bank and venture platform.

He is the founder and Editor in Chief of Harbour Times (established 2014), a publication focused on Hong Kong policy and politics (a New Work Media company). He is frequently called on to explain Hong Kong policy, politics and economics to local and global audiences and is widely quoted in global media. He is the former Executive Director of The Canadian Chamber of Commerce in Hong Kong, and worked for The Economist Group, Penton Media and on Parliament Hill with a senior Cabinet Minister in Ottawa. He holds a Bachelor of Science from McGill University and an MBA from the University of Victoria.

Alternative Investment Committee

NOTE 1: This event is ON THE RECORD

NOTE 2: Please note that, as with all guest presentations, the content and comments of the speakers reflect their own opinions and do not necessarily represent the opinions or policies of the ACCJ.

NOTE 3: If you cancel after the stated deadline, the full meeting fee will be charged to your account. All guests must be accompanied by an ACCJ member. Sorry, no substitutions or walk-ins.

*NOTE 4: In an effort to continue to provide more virtual networking opportunities for members, the ACCJ will be testing out a LinkedIn event page for this event. We encourage you to take advantage of this opportunity to virtually connect and interact with your fellow members before and after the event. 

Additionally, we will have a Google Breakout Room available for you to further discuss the event or network with fellow participants after the event.  This link will be open for 20 minutes after the event for your use. Dial-in details for the event and breakout room will be sent out after the RSVP deadline. 

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October 15

The Changing Landscape of Merger Control in Japan - What you need to know to get the deal through

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ACCJ - UKG Panel Discussion “Digital Transformation- in Kansai Governments and Business”