| George Osborne’s ambition to make London the go-to option for global trading in the yuan came a step closer to being realised last night when China’s state-owned currency marketplace revealed that it intends to open branches in the capital and in New York.
The China Foreign Exchange Trade System said that the expansion of its network beyond national borders would allow it to serve more overseas institutions and become a “main trading platform and pricing centre” for the yuan globally...............................................Full Article: Source
|