Golden Networking’s Offshore Yuan Trading Experts Workshop 2011, "The Emergence of the Yuan in the Global Foreign-Exchange Markets", March 28 & 29, Hong Kong
(January 17, 2010, New York) A state–owned Chinese bank has announced that its New York City branch has begun offering accounts denominated in China's tightly controlled yuan in a new move to expand the currency's global reach. The reasons behind this extraordinary move will be discussed at Golden Networking’s Offshore Yuan Trading Experts Workshop 2011, “The Emergence of the Yuan in the Global Foreign-Exchange Markets" (http://www.OffshoreYuanTrading.com), March 28 & 29, in Hong Kong.
Bank of China's announcement comes ahead of Chinese President Hu Jintao's visit to Washington next week. The White House said President Barack Obama would press U.S. complaints about China's currency controls that critics say keep the yuan undervalued and swell its multibillion–dollar trade surplus.
According to TMCnet, Beijing is trying to reduce reliance on the dollar by promoting the yuan, also known as the renminbi, for trade and finance. It is promoting Hong Kong, a Chinese territory with its own currency, as an offshore market for foreigners to conduct yuan business separate from the mainland, which is kept isolated from global capital flows. Hong Kong banks began handling yuan transactions with the mainland last year and the World Bank and some foreign companies have sold yuan bonds.
Offshore Yuan Trading Experts Workshop 2011 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Golden Networking's Forums and Business Receptions include:
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), February 8th, New York City
· High-Frequency Trading Experts Workshop 2011 New York, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), March 3 & 4, New York
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), March 8th, New York City
· High-Frequency Trading Experts Workshop 2011 Sydney, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), March 14 & 15, Sydney
· High-Frequency Trading Experts Workshop 2011 Singapore, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), March 16 & 17, Singapore
· Advanced Market Timing Experts Workshop 2011 Singapore, "Master Market Timing with the Leading Technical Analyst" (http://www.AdvancedMarketTiming.com), March 21 & 22, Singapore
· Advanced Market Timing Experts Workshop 2011 Hong Kong, "Master Market Timing with the Leading Technical Analyst" (http://www.AdvancedMarketTiming.com), March 24 & 25, Hong Kong
· Offshore Yuan Trading Experts Workshop 2011 Hong Kong, "The Emergence of the Yuan in the Global Foreign-Exchange Markets" (http://www.OffshoreYuanTrading.com), March 28 & 29, Hong Kong
· Modern Derivatives Trading Experts Workshop 2011 Hong Kong, "Trading and Hedging with Interest Rate and Currency Derivatives" (http://www.ModernDerivativesTrading.com), March 31 & April 1, Hong Kong
· High-Frequency Trading Experts Workshop 2011 Mumbai, "Practical Implementation of High-Frequency Trading Strategies" (http://www.HFTExpertsWorkshop.com), April 7 & 8, Mumbai
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), April 12th, New York City
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), May 10th, New York City
· High-Frequency Trading Leaders Forum 2011 New York, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://www.HFTLeadersForum.com), May 16, 17 & 18, New York City
Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
· High-Frequency Trading Experts Workshop 2010 DVD Video Package, "Practical Implementation of High-Frequency Trading Strategies", http://www.HFTExpertsWorkshop.com
· 2nd China Leaders Forum DVD Video Package, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?", http://www.ChinaLeadersForum.com
· Distressed Investing Experts Forum 2010 DVD Video Package, "Analyzing and Valuing Distressed Companies, Securities and Real Estate", http://www.DistressedInvestingExpertsForum.com
· Derivatives Leaders Forum 2010 DVD Video Package, "Strategies for Increasing Profits under an Evolving Regulatory Framework", http://www.DerivativesLeadersForum.com
· High-Frequency Trading Leaders Forum 2010 DVD Video Package, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com
· Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com
· High-Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High-Frequency Trading Operation", http://www.HFTExpertsForum.com
· Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass", http://www.DistressedInvestingLeadersForum.com
· China Leaders Forum 2009 DVD Video Package, "Addressing the Challenges Posed by the Present Wave of Chinese Globalization", http://www.ChinaLeadersForum.com
· Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com
Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10".