Panellists debate London’s RMB hub potential
Will London, Singapore or the Shanghai free trade zone emerge as the pre-eminent offshore renminbi centre after Hong Kong? That depends on several things, said attendees at a conference this week.
London may lag Singapore in terms of renminbi payment volumes and deposits, but panellists and delegates at a forum in Hong Kong argued it has the potential to become a major trading offshore hub for the currency.
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