SOAS University of London

SOAS China Institute

The Convertible Currency – Communist Control Conundrum

Dr Simon Ogus (Founder and CEO, DSG Asia Limited)

Date: 2 October 2019Time: 5:30 PM

Finishes: 2 October 2019Time: 7:30 PM

Venue: Paul Webley Wing (Senate House) Room: SG36

Type of Event: Round Table

Note: Internal event not open to external attendees.


China has myriad motivations for wishing to internationalise the RMB. Yet at the same time, Beijing remains highly fearful of ceding too much control over domestic monetary policy, credit allocation, and international capital flows. With structural current account surpluses having all but disappeared, foreign players are being increasingly courted to purchase RMB-denominated assets, coming at a time when Mainlanders cannot seem to get their money out of the country fast enough. How can the circle be squared, especially if the Hong Kong window on the world is being compromised?


Simon Ogus is a SOAS PhD in Chinese economic history and development. He has lived in Hong Kong for almost three decades and is the founder and CEO of the independent consultancy DSG Asia Limited. DSG Asia Limited offers analysis of the economies and politics of Asia, and works with a variety of multinational and regional entities in the financial, non-financial and governmental spheres. Simon serves on the board of a number of companies and official bodies including the Council of Advisers for the Hong Kong Monetary Authority’s Hong Kong Institute for Monetary Research, and the Board of Governors for the American Chamber of Commerce in Hong Kong.

Organiser: SOAS China Institute

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