SAN
FRANCISCO — (Oct. 7, 2011) The University of San Francisco (USF) will sponsor a
conference on the globalization of the Chinese Yuan (RMB) and its effect on
financial markets worldwide on Saturday,
Oct. 15, from 1:30 -6:00 p.m. in USF’s Lone Mountain Conference Center (2800
Turk Street, between Masonic and Parker).
The
conference will bring together business leaders, policy makers, USF faculty and
students to discuss the internationalization of the Chinese Yuan, China’s
demand for imported goods, the complex issues of the rising Yuan, the
devaluation of the U.S. dollar and its effect on tomorrow’s economy.
Executives
from some of the largest corporations in the Bay Area are confirmed to attend;
including Merrill Lynch, HSBC, Deloitte, Ernst & Young, KPMG, Pillsbury
Winthrop Shaw Pittman, Silicon Valley Bank, IBM, CISCO, and Gallo Family
Vineyards. In addition, executives from Chinese enterprises such as Huawei,
Neusoft, and CHIC Global will also participate.
“This
conference is the first of its kind on the West Coast,” said Stanley Kwong,
managing director of Greater China Programs at USF’s School of Management,
and event chair. “It is designed to help attending participants achieve a
deeper understanding of the key issues and challenges involved with doing
business in China. With China rapidly accelerating efforts to elevate its currency,
the liberalization of the Yuan is inevitable. The opportunities it creates for
the global financial institutions are quite immediate and real.”
The
focal point of the event is a panel discussion on the accelerated expansion of
the Chinese currency, and challenges and opportunities this presents for global
financial institutions. Featured panelists include: Rebecca Fannin, author and contributor
to Forbes, Dr. Jon Haveman, vice
president and chief economist of the Bay Area Council’s Economic Institute, and
Ivan O. Asensio of HSBC Bank, USA. In addition to business executives, the
panel will include academic commentary from University of San Francisco School
of Management professors Nick Tay and Robert Mefford, as well as adjunct
professor Vincent Zinck. A question and answer exchange will follow the panel
discussion.
The
seminar is co-sponsored by University of San Francisco, HSBC, Gallo Family
Vineyards, Bay Area Council, ChinaSF, and AAMA of Silicon Valley. The seminar is part of Global Business Forum —China 2021, a series of seminars at the
University of San Francisco’s School of Management that brings together
scholars, business leaders, and policy makers to exchange ideas about one of the
most dynamic economic regions in the world.
To
register for the conference, please visit rmbgoesglobal.eventbrite.com.
Members of the media, please RSVP with Anne-Marie Devine at 415.422.2697 or abdevine@usfca.edu to be added to the
press list.
About the University of San Francisco
The
University of San Francisco is in the heart of one of the most innovative and
diverse cities and features a vibrant community of students and faculty who
achieve excellence in their fields while building a more humane and just world.
University of San Francisco students, faculty, and alumni are involved in the
entrepreneurial city of San Francisco and work in all industries, from
technology to nonprofits. With dedicated
professors and exceptional academic programs to choose from, the university
offers undergraduate, graduate, and professional students the knowledge and
skills needed to develop into ethical leaders who are sought after in their
professions. USF’s diverse student body benefits from direct access to faculty,
small class sizes, and a broad array of programs and co-curricular
opportunities. Informed by the university’s 156-year-old Jesuit Catholic
mission, the USF community ignites students’ passion for social justice and the
pursuit of the common good. For more information about the University of San
Francisco, please visit www.usfca.edu.
