The China Forex Trading Outlook 2011 will provide you with a comprehensive picture of macro economic trends, SAFE’s regulatory directions, FX derivatives development, risk management of banks, offshore RMB market construction.
What You Will Take Away From the Event?
Gaining access to a target audience from government, banks, exchanges, clearing house, trust and investment companies, brokers, trading platforms, risk management advisors, etc
Understanding SAFE's regulatory directions in the FX derivative market
Assessing the status quo and untapped growth potential of China's FX market
Analyzing the development of RMB-FX derivatives and challenges that Chinese banks are facing
NOTICEABLE FIGURES IN CHINA
During January 2011, RMB305,718 million yuan was converted into Hong Kong dollars and other currencies, and an equivalent of RMB323,706 million yuan of Hong Kong dollars and other currencies was converted into RMB through licensed banks engaged in RMB business. There were 28,634 RMB remittance transactions from Hong Kong to Mainland, amounting to RMB38,576 million yuan.
The fact that RMB deposit in Hong Kong increased continually results from the growing use of RMB as trade settlement currency, which proves RMB is on its way to internalization.
Figures Resource: HKMA
