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Presentation at RMB Dialogue between the Australian and Hong Kong Goverments.

It has been an eventful period for RMB developments since the first Dialogue in Sydney around a year ago. Cross-border trade in RMB has continued to increase globally, while RMB financial activity in offshore markets has also grown. Meanwhile, the Chinese authorities announced plans for further capital account reforms that are likely, over time, to support the trend towards greater RMB usage internationally. The Second Australia-Hong Kong RMB Trade and Investment Dialogue will discuss what these developments mean for the offshore markets in Hong Kong and Australia, and what role our banking communities and policymakers can play in helping these markets expand further. Kathy Walsh presents on the