The Rise of the Chinese Yuan: University of San Francisco Hosts Conference on Chinese Currency

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.