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London Wants to Become the Center of Chinese Currency Trading

  • PBOC official said to view London as likely renminbi hub
  • Euronext study expects $5 trillion of Chinese investment
Bloomberg business news

The Importance of President Xi Jinping’s U.K. Visit

Three years ago, Chinese officials said U.K. Prime Minister David Cameron had “seriously damaged” relations by meeting with the Dalai Lama, the exiled Tibetan leader. As planned talks between the two countries were canceled or failed to take place, worries emerged that Britain would miss out on building deeper economic ties.

QuickTake The People’s Currency