London’s renminbi aspirations remains bright despite challenges
Mark Boleat, chairman of the Policy and Resources Committee for London, explains the challenges that London faces in its bid to become a global renminbi offshore hub. July 05, 2012 | Baron LaudermilkMark Boleat, chairman of the Policy and Resources Committee for London, explained during a press conference in Beijing that London is taking the appropriate steps to ensure that the city becomes a global renminbi offshore hub. However, he outlined several challenges that the city is facing in expanding its renminbi business, such as a lack of liquidity, and limitations that UK businesses face as they become more involved with the currency. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: China, Payments, Rmb, Trade Finance, Transaction BankingChina,Payments,Rmb,Trade Finance,Transaction Banking, China,Payments,Rmb,Trade Finance,Transaction Banking, Keywords:Mark Boleat, London, UK, Beijing, Cross-Border Payments, Liquidity, Policy And Resources Committee Mark Boleat, London, UK, Beijing, Cross-Border Payments, Liquidity, Policy and Resources Committee
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