2022

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23/11/2022

The HKIMR 12th Annual International Conference on the Chinese Economy

Hong Kong Institute for Monetary and Financial Research (HKIMR)

The Twelfth Annual International Conference on the Chinese Economy

“The Next Phase of China’s Economic Development”

Hong Kong Institute for Monetary and Financial Research

23 November 2022, Wednesday

Programme

Brief summary and video replays of the conference can be found here.

10:00 – 10:45	Opening Remarks Eddie YUE, Chief Executive, Hong Kong Monetary Authority Keynote Speech “The Chinese Economy in the New Development Phase: Short-term Outlook and Long-term Prospect” WANG Yiming, Vice Chairman and Chairman of the Academic Committee, China Center for International Economic Exchanges
10:45 – 11:00	Break
11:00 – 12:30	Panel Discussion “The Recent Developments of the Chinese Economy, Prospects and Challenges” Zero COVID Policy Property Market Supply Chain Bottlenecks and FDI Prospects Structural Transformation and New Growth Engine SHAN Hui, Chief China Economist, Goldman Sachs [Slides] ZHU Haibin, Chief China Economist, J.P. Morgan Alicia GARCÍA-HERRERO, Chief Economist for Asia Pacific, Natixis [Slides] LIU Jing, Chief Economist for Greater China, Global Research, HSBC [Slides]
12:30 – 14:00	Break
14:15 – 15:45	<Digital Economy Development in China> “Remodelling Digital Platform Economy: Innovation, Regulation and Prosperity” SHEN Yan, Deputy Director of the Institute for Digital Finance and Professor of Economics of National School of Development, Peking University [Slides] “Stabilizing Employment and Promoting Development: The Social Value of Digital Economy” GAO Hongbing, Vice President of Alibaba Group and Director of AliResearch “How to Release the Growth Power of Digital Economy?” SHEN Jianguang, Chief Economist, JD.com
15:45 – 16:00	Break
16:00 – 16:50	<Tracking China’s Economic and Financial Vulnerability> “Measuring Financial Risk in China using Textual Analysis” [Slides] Martino RICCI, Senior Economist, European Central Bank “Tracking China’s Economic and Financial Vulnerability in Real Time Using Big Data” [Slides] XIA Le, Chief Economist for Asia-Pacific, BBVA
16:50 – 17:00	Break
17:00 – 17:50	<China’s Global Financial Linkage and Capital Flow> “The Evolution of China’s Global Financial Linkages – Perspectives from a Multiplex Network” [Slides] Sally CHEN, Regional Adviser, Bank for International Settlements “A Fintech-based Monitoring and Early Warning Framework of Cross-Border Capital Flows and Currency Crises” SHANG Xinxin, Researcher, Foreign Exchange Research Center, State Administration of Foreign Exchange

02/11/2022

HKIMR x AoF Expert Speakers Series - Inflation in the Aftermath of COVID-19: Was It Inevitable or Avoidable?

Co-organized by Hong Kong Institute for Monetary and Financial Research (HKIMR) and Hong Kong Academy of Finance (AoF)

25/08/2022

Joint Workshop on "Monetary Policy Spillover"

Co-organized by Hong Kong Institute for Monetary and Financial Research (HKIMR), Asian Development Bank (ADB) and Bank for International Settlements (BIS)

Hong Kong Institute for Monetary and Financial Research

Asian Development Bank

Bank for International Settlements (BIS)

Joint workshop on “Monetary policy spillovers”

Thursday 25 August 2022 (HKT), virtual meeting

Agenda

Opening session
09:00 – 09:15	Welcome remarks Edmond Lau, Deputy Chief Executive, Hong Kong Monetary Authority Opening remarks Albert Park, Chief Economist, Asian Development Bank
Session 1
Session chair: Frank Packer, Regional Adviser, Bank for International Settlements
09:15 – 10:35	"US monetary policy spillovers to emerging markets: both shocks and vulnerabilities matter" Co-author: Shaghil Ahmed (Federal Reserve Board), Ozge Akinci (Federal Reserve Bank of New York) and Albert Queralto (Federal Reserve Board) Discussant: Pym Manopimoke (Bank of Thailand) "International transmission of Chinese monetary policy shocks to Asian countries" Co-author: Yujeong Cho (Bank of Korea) and Soyoung Kim (Seoul National University) Discussant: Yujeong Cho (Chinese University of Hong Kong)
10:35 – 10:55	Break
Session 2
Session chair: Giorgio Valente, Head, Hong Kong Institute for Monetary and Financial Research
10:55 – 12:15	"Domestic and external monetary policy shocks and economic inequality in the Republic of Korea" Co-author: Joon-Ho Hahm (Yonsei University), Dong-Jin Lee (Sangmyung University) and Cyn-Young Park (Asian Development Bank) Discussant: Yue Zhao (People's Bank of China) "Two trilemmas at high frequencies: evidence from spillover effects of Fed and ECB monetary policies" Co-author: Triwit Ariyathugun (Asia School of Business), Sui-Jade Ho (Central Bank of Malaysia) and Eli Remolona (Asia School of Business) Discussant: Shu Lin (Chinese University of Hong Kong)
12:15 – 13:40	Break
Session 3
Session chair: Phakawa Jeasakul, Resident Representative in Hong Kong SAR, International Monetary Fund
13:40 – 15:40	"Risk capacity, portfolio choice and exchange rates" Co-author: Boris Hofmann (BIS), Ilhyock Shim (BIS) and Hyun Song Shin (BIS) Discussant: Jenny Xu (Hong Kong University of Science and Technology) "Global implications of multi-dimensional US monetary policy normalization" Co-author: Georgios Georgiadis (European Central Bank) and Marek Jarocinski (European Central Bank) Discussant: Peter Tillmann (Justus-Liebig-University Giessen) "Dollar shortages and central bank swap lines" Co-author: Ambrogio Cesa-Bianchi (Bank of England), Fernando Eguren-Martin (SPX Capital) and Andrea Ferrero (University of Oxford) Discussant: Saleem Bahaj (University College London)
15:40 – 16:00	Break
Policy Panel (By invitation only)
16:00 – 17:15	Panel discussion on “Monetary policy spillovers from major advanced economies to emerging Asia and policy implications” Moderator Tao Zhang, Chief Representative for Asia and the Pacific, BIS Panellists Edward Robinson, Deputy Managing Director of the Economic Policy Group, Monetary Authority of Singapore Iluminada T. Sicat, Senior Assistant Governor, Bangko Sentral ng Pilipinas Piti Disyatat, Assistant Governor of Monetary Policy Group, Bank of Thailand Zhongxia Jin, Director-General, International Department, People's Bank of China
Closing Remarks
17:15 – 17:20	Ilhyock Shim, Head of Economics and Financial Markets for Asia and the Pacific, BIS
	End of the workshop