China Construction Bank clinches deal for renminbi clearing in Britain

China Construction Bank (CCB), the country's second-largest lender, clinched a deal to become Britain's first clearing bank for renminbi as London bids to become the leading Western centre for the offshore yuan trade . As China, the world's second largest economy, promotes the use of its currency in international trade, London is competing with Luxembourg, New York (Frankfurt: HX6.F - news ...



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