FX innovation and regulatory landscape in China

08.00 Registration and coffee

09.00 Welcome address

09.10 Opening keynote address

09.30 Keynote speech: China economic policy perspectives

• China's transition to a consumer economy and its impact on GDP growth
• The $3.2 surplus: Management of China's FOREX reserves
• China's diminishing trade surplus
• The Eurozone crisis and its impact on the Chinese economy
• The appreciating Yuan and its consequences
• Defining a safe haven currency

10.00 Coffee Break

10.30 A debate on the path of the RMB in 2012

• When is the Yuan set to appreciate and to what extent?
• Demand/Supply relationship of the RMB
• What will the exchange rate of the CNY/USD be in 2012?
• What path will the RMB take this year?

11.15 Panel I: Offshore/Onshore Development of the RMB

▪ Dim-Sum market development. What's next for the CNH?
▪ London to be a major offshore center for RMB: Why is China delegating to London? What implications will this have?

12.00 Presentation: A look at the RMB in comparison to other Asian currencies

▪ How does the RMB compare to other Asian currencies?

12.30 Lunch

13.30 Panel II: Changes in China's FOREX markets

• How are FX markets in China going to grow?
• New FX products being offered in China: currency swaps
• Implications of the swap agreement between China and Japan and the pressures on other regions to delink from the dollar
• Is the swap one more nail in the coffin of the dollar as the international reserve currency?
• Free trade agreement between the three largest economies in Aisa: China, Japan and South Korea. What impact will this have on the dollar as a global reserve currency?

14.15 Panel III: Regulatory environment in China's FX markets

• Opening up of China's markets... releasing controls: What are the next steps?
• Taking lessons from Hong Kong: What steps are the government taking to develop local currency options market in RMB? Will China have more use of options to hedge?
• Reforms in the domestic and foreign markets: Will FX trading in China ever be legalised?
• How will central banking policies affect/impact hedging?
• What is China's government doing to expand infrastructure to make trading more efficient

15.00 Presentation: The impact of the Dodd Frank Act on the FX industry

• How is the Dodd Frank Act affecting the FX industry?
• Outstanding rules that significantly impact the banking industry which have not been implemented
• What happens to the Chinese companies that have offices in the US with all the new rules relating to central clearing of NDF's etc? How are they going to comply with these rules?

15.30 Coffee break

16.00 Panel IV: Internationalisation of the RMB

• How will the central bank take action in the RMB internationalisation?
• How quickly will the dollar be replaced/is it possible that the Yuan will ever replace the Euro?
• What impact will these changing dynamics have on currency trading in Asia?
• Problems and challenges associated with the internationalisation of the Yuan
• What will be the mix of global reserve currencies?
• Can a convergence of onshore and offshore interest rates and exchange rates be expected soon?
• SDR as a gloabl reserve currency?

16.45 End of conference

Note:
• FX Week reserves the right tot make changes to the programme where necessary.
• The process of inviting speakers is ongoing and subject to change.