CDMC China Decision Makers Consultancy

• Company Name : CDMC China Decision Makers Consultancy
• About Us : <br> <br>The RMB is the eight-most traded currency in the world with a 1.49% market share in August 2013, according to the <br />latest SWIFT figures report. <br />China Foreign Exchange Trade Center states that in 2006, the interbank foreign exchange market totaled <br />$75.69billion, and by 2012 Yuan foreign exchange spot transactions amounted to $3.36trillion, a 40-fold increase <br />during the past seven years. Beside mainland China and Hong Kong, London is cementing its place as a global hub <br />for offshore renminbi trading, as new market players drive a rapid rise in international trading of the Chinese currency. <br />Meanwhile, China is going to further internationalize its currency by allowing Singapore-based investors to buy <br />renminbi-denominated securities, paving the way for direct trading betCDMC China Decision Makers Consultancyen the two countries? currencies. <br />China has established a number of special economic zones since Shenzhen in 1980 with a focus on manufacturing. <br />The Shanghai pilot free trade zone (FTZ), approved for establishment on 29 September 2013, has a focus on <br />services ranging from shipping and financial services to cultural services. Furthermore, as the gateway to China, it is <br />a natural center for the offshore trading of Yuan. <br />?Although details of the FTZ are yet to be finalized, to promote cross-border RMB usage in the zone is the most <br />important task. We think the zone will remain fairly closed, financially, to the wider mainland economy, at least initially, <br />and we expect part of the FX business in the FTZ to take the form of offshore renminbi business.? said by Louis <br />KUIJS, Chief China Economist, RBS. <br />Amongst such a context, China Forex Investment Summit 2014 (CFIS 2014) will be held during 19?20 June 2014 in <br />Shanghai, China. Now, CDMC Events sincerely invites you to attend the premier event to get together with global <br />leading players at the high-end interviews and dialogues, focusing on the hot topics such as RMB internationalization <br />and free settlement under the context of Shanghai FTZ, the<br><br>
• Product/Service : forex investment, summit
• Category : Business Services
• Contact Person : Sonia Guo
• Link More : China Business Services ,
• Telephone :
• Address : 15, Yixian Rd. Shanghai Shanghai China
• Website : www.cdmc.org.cn/2014/cfis/index.asp
• Business Type : Others

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