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Canada and the Redback: An AdvantageBC Update on Canada as an RMB Settlement Hub
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Canada and the Redback: An AdvantageBC Update on Canada as an RMB Settlement Hub

You are invited to join Canadian Chamber of Commerce as AdvantageBC President Colin Hansen outlines how a Canadian RMB Hub can further the internationalisation of the Renminbi while building on Canada’s strengths in both trade and international finance.

03/12/2014
When: Wednesday, December 3rd, 2014
12:00pm - 2:00pm
Where: CanChamHK Boardroom
1301 Kinwick Centre
32 Hollywood Road
Central
Hong Kong
Contact: Amanda Ho


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About the Event: 

The internationalisation of China’s Renminbi has rapidly accelerated in recent years --- first in Asia, then in Europe --- in parallel with the country’s continually growing trade and investment flows globally. The currency’s international adoption has been facilitated largely through the development of RMB Settlement Hubs in key markets outside China, first in Hong Kong and East Asia, and then in London and other European capitals. On November 9, the governments of Canada and China announced measures that will establish Canada as designated RMB Settlement Hub, the first in North America. For more on this announcement, click here:http://pm.gc.ca/eng/news/2014/11/08/increasing-renminbi-trade-commerce-and-investment-between-canada-and-china . Once the relevant measures have been implemented, not only will Canadian & Chinese companies stand to gain many competitive advantages through being able to settle accounts between Canadian Dollars and Renminbi, but Canada’s RMB hub will be able to provide timely, efficient and cost-effective settlement and other RMB services to the entire Americas. Vancouver’s AdvantageBC in Vancouver and the Toronto Financial Services Alliance are actively collaborating with partners in government and business to promote Canada’s new role as a trading hub for the Chinese currency. 

You are invited to join us at the British Columbia International Trade and Investment Office, in collaboration with the Canada-China Business Council, as AdvantageBC President Colin Hansen outlines how the Canadian RMB Hub is positioned to help facilitate business between China and Canada, while building on Canada’s strengths as a centre for  trade and international financial services in North America.


 

About the Speaker:

Colin Hansen
President and CEO at AdvantageBC

Colin Hansen is the new President and CEO of AdvantageBC, a private-sector organization dedicated to promoting British Columbia as a centre for international business (formerly International Financial Centre).

He was elected to the British Columbia Legislature in 1996 and served as Deputy Premier and Minister of Finance from June, 2008 to March, 2011. He also served for almost four years as Minister of Health and three years as Minister of Economic Development which included responsibility for the 2010 Olympics and the Asia Pacific Initiative.

He serves on the boards of two not-for-profit organizations: the Arthritis Research Centre of Canada and the Fraser Basin Council. He also chairs the Advisory Board for Retirement Concepts and is Chair of the Board of Directors for the Transportation Investment Corporation which is a provincial crown corporation.

Before politics, He was President and Founding Partner of Image Group, which his wife, Laura, has subsequently built into BC's largest promotional products company. Prior to that, he was the Vice-President, Finance and Administration for the Asia Pacific Foundation of Canada.


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