Chinese Banking and Creating US Corporate Opportunities
China is the fastest growing market in the world, with the US and China being the largest trading partners. Recent volatile trade negotiations have created significant uncertainties. However, following the joint announcement by the PBOC, Fed, and US Treasury to launch a local US clearing and trading hub for the Chinese RMB (Chinese Renminbi), China announced new milestones to further open up business and financial sectors. With new doors opening, so are new opportunities, promoting increased RMB utilization; improved liquidity, and increased competitiveness for US corporates; enabling the same operational efficiencies and cost savings (2-5%) as global competitors.
Speaker: Frank Sansone
Treasurer-VP, China Construction Bank
The second largest bank by asset size globally, Frank joined CCBNY in 2014; managing all branch treasury activities including balance sheet management, interest rate risk, funding, liquidity and forex. Prior to CCB Frank was Treasurer for Dexia's US operations; responsible forglobal USD liquidity & interest rate risk; and Treasurer of NBK's (National Bank of Kuwait) US operations.
A visionary problem solver and diplomatic change agent, Frank led CCB’s effort as co-chair of Corporate Outreach and New Markets Committee Chair on Bloomberg's RMB Working Group Committees. He is a regular industry speaker as a subject matter expert in Treasury management; and a speaker at the 2017 and 2018 AFP on the Internationalization of the RMB. He is author of the CCBNY China Update, with over 300 recipients; the mission being to facilitate better communication and understanding of China's banking and the economy for US corporate and financial clients.
Frank is a seasoned crisis management leader; having chaired the US Liquidity Contingency Committees for both Dexia and NBK; overseeing Dexia’s global USD liquidity management efforts during the crisis of 2008, 2010, and 2011, along with NBK's USD operations during the Iraqi invasion of Kuwait.
Date: Tuesday, March 12, 2019
Time: 11:30am - 12:00pm Networking
12:00pm - 1:30pm Lunch, Presentation, and Discussion