With the recent rise in interest rates, every investor keeps his eyes on the Chinese FX market. The RMB is increasing its flow out of China's mainland, which leads to overseas circulation and exchange of the currency in neighboring areas. Although the percentage of international trade that uses the RMB is still very small, many analysts believe it is only a matter of time before the RMB becomes a major international trading currency in the region.

According to the report, China in April average daily foreign exchange transactions amounted to 19.8 billion, compared with April 2007 up to 112.9% growth, total global average daily foreign exchange turnover of 0.4%. And in April 2007, China's average daily foreign exchange transactions amounted to 9.3 billion U.S. dollars, accounting for the global daily foreign exchange turnover of 0.2%.

At the same time, in April 2010, China's average daily foreign exchange transactions in Hong Kong increased from 181 billion U.S. dollars three years ago, increased to 237.6 billion U.S. dollars, an increase of 31.3%, accounting for 4.7% of global turnover.

China’s currency will probably continue to develop as both an international medium of exchange and a unit of account. However, the RMB is not fully convertible yet. RMB derivative products are still under development.

Forex Innovation China 2011 will bring together leading investors, bankers and corporate, mainly discuss the RMB’s liberalisation and internationalization.