Which City Will Be the Next Yuan Trading Hub? - News and Current Events | futures io social day trading
futures io futures trading

Which City Will Be the Next Yuan Trading Hub?
Updated: Views / Replies:658 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Which City Will Be the Next Yuan Trading Hub?

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

Which City Will Be the Next Yuan Trading Hub?

China's weekend decision to widen its currency's trading band has sparked a debate on where the next yuan offshore trading center will be located. While Hong Kong holds the lead for the amount of international trade settled in yuan, other financial centers like Singapore and London are competing to be crowned the next yuan offshore hub.

John Noonan, a Senior Forex Analyst with Thomson Reuters told CNBC's Squawk Box Asia that extending the yuan settlement to Singapore is a natural next step. "I would think that they would start off in the (Asian) region, I don't know their timetable but obviously they are moving in that direction," said Noonan.

Singapore has the advantage of a large Chinese-speaking population. But some observers feel China's next move will be an immediate jump to a major center outside Asia. "They'd rather go for the London option because at the end of the day it is the largest trading center for forex globally," said Arjuna Mahendran, Head of Investment Strategy for Asia at HSBC Private Bank.

Mahendran also thinks China's plans to catapult Shanghai to the position of the top financial center in Asia by 2020 means they won't be doing Singapore any favors. "I suspect they will probably not want to see the yuan being traded in any of their competitor centers around Asia."

While a decision from China on the next yuan hub is not expected anytime soon, Mahendran says intense, high-level lobbying will quietly continue. "This is the world's next reserve currency so you want to be ahead of the curve."

Which City Will Be the Next Yuan Trading Hub? - Yahoo! Finance

Reply With Quote


futures io > > > > Which City Will Be the Next Yuan Trading Hub?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
City Of Stockton On The Brink GridKing News and Current Events 0 March 11th, 2012 11:56 AM
London Police Run Out of Space as City Licks Wounds Quick Summary News and Current Events 0 August 9th, 2011 08:10 AM
Fun City: Crazed Naked Guy Terrorizes New York City Subway Passengers kbit Off-Topic 0 May 10th, 2011 07:10 PM
How a Manufacturer's Revival Helped Save One Rustbelt City Quick Summary News and Current Events 0 May 10th, 2011 12:00 PM
The City Big Mike Off-Topic 5 May 7th, 2011 12:44 PM

All times are GMT -4. The time now is 03:56 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-20 in 0.05 seconds with 19 queries on phoenix via your IP