Friday, January 17, 2014

UK's drive to be offshore hub for Chinese currency gains pace

* London, rivals compete as offshore Chinese currency centres * Renminbi FX trade swells in London, but bond issuance slow LONDON, Jan 17 (Reuters) - After a patchy two years, London appears to be making headway in its drive to become Europe's main offshore hub for trading in China's currency, potentially delivering a big boost to its financial sector and the wider British economy. China decided ...



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