The Renminbia€™s Changing Status and the Chinese and Hong Kong Financial Systems is based on a collection of papers presented at the conference a€œThe Renminbia€™s Changing Status and the Chinese and Hong Kong Financial System(s)a€ in August 2011. The book explores how Chinaa€™s gradual capital account liberalization and the growing role of Hong Kong as a leading offshore centre for RMB will affect the international monetary system, the balance of international trade, the shape of the worlda€™s banking system and securities markets, and the future monetary system of Hong Kong. This collection of papers is an essential resource for anyone seeking to understand the actual and potential ramifications of current Chinese monetary policy.