How to take advantage of China opening up the yuan will be thoroughly discussed at Offshore Yuan Trading Experts Workshop 2011, “The Emergence of the Yuan in the Global Foreign-Exchange Markets" (http://www.OffshoreYuanTrading.com), March 28 & 29, Hong Kong, by Frances Cheung, Senior Strategist for Asia ex-Japan, Fixed Income Markets Research, Crédit Agricole, and Dariusz Kowalczyk, Senior Economist/Strategist for Asia ex-Japan, Fixed Income Markets Research, Crédit Agricole.
The Asian giant will open up the yuan, considering market needs and its plans to increase its imports within 5 years. The country is proceeding carefully to the liberalization of its domestic economy, the world’s second largest. The renminbi is major problem for the country’s trading bonds and relations, although the trade balance surplus narrowed for a second consecutive year in 2010.
As reported by markets247.com, the country is proceeding so far slowly but steadily to the introduction of its currency to the international markets, while Hong Kong becomes rapidly an offshore Yuan market. The rate expectation is that yuan will cost 0.158 US dollars by the end of the present year, indicating a rise for the Chinese currency. China is strengthening the renminbi slowly and it is underpinning the domestic consumption, therefore the authorities expected imports to double in the following years, especially from the US. The Chinese minister mentioned that they want to import more from United States, technology products, daily necessities and raw materials. China mainly seeks for more imports to solve its trade imbalances problems and to increase its foreign investments.
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:
· 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 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:
Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to email@example.com. 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".