London increases global share of RMB trade


 

The FT reports London is now the largest RMB trading centre outside of China and Hong Kong.  Overall global RMB trading volumes have grown over 100% this year due to increased deregulation in China and the goal of China’s policy makers to internationalize their currency.

Here is the link –

http://www.ft.com/intl/cms/s/0/7ccd3b2a-2fc8-11e3-8b7e-00144feab7de.html#!

 

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